Victor Hernandez Martinez

Research Economist, Federal Reserve Bank of Cleveland

I am an applied microeconomist working in labor and public economics.

My research studies unemployment, unemployment insurance, wage dynamics, worker displacement, human capital specificity, and the labor market effects of trade and industrial change.

I received my Ph.D. in Economics from the University of Rochester. Before that, I completed a Master’s in Economics at the Barcelona School of Economics and a B.A. in Economics at Universidad Carlos III de Madrid.

Research fields

Labor Economics
Public Economics

Affiliation

Federal Reserve Bank of Cleveland

Download CV

Email

vichdezmtnez@gmail.com

Research

Working Papers

An Anatomy of Reemployment Wage Duration Dependence and Its Relationship with the Unemployment Insurance System
Current Version
Previously circulated as Estimating Duration Dependence on Re-employment Wages When Reservation Wages Are Binding.
With Kaixin Liu and Richard Grice
When Trade Compresses: The Impact of Liberalization on Wage Inequality
Current Version
With Nicholas Kozeniauskas and Roman Merga
Positive Selection During the Unemployed Job Search: Nature of Heterogeneity and Limited Predictability
With Kaixin Liu

Publications

The Hedgehog’s Curse: Knowledge Specialization and Displacement Loss
Labour Economics (2025), 102769·WP
With Roberto Pinheiro and Hans Holter
Manufacturing Capital-Skill Complementarity: Lessons from the US Shale Boom
European Economic Review (2025)·WP
The Value of Unemployment Insurance: Liquidity vs. Insurance Value
Labour Economics (2025), 93: 102691·WP·EEA Young Economist Award 2021
With Kaixin Liu
Social Distancing Merely Stabilized COVID-19 in the US
STAT (2020), 9(1): e302
With Aaron B. Wagner, Elaine L. Hill, Sean E. Ryan, Ziteng Sun, Grace Deng, Sourbh Bhadane, Peter Wu, Dongmei Li, Ajay Anand, Jayadev Acharya, and David S. Matteson

Policy

Immigration and the Unemployment Rate in 2023-2024
Economic Commentary (2026)
With Geena Panzitta
Can the IRA and CHIPS Act Reduce Labor Earnings Inequality? Lessons from the US Shale Boom
Economic Commentary (2024)
With Geena Panzitta
The Effect of Higher Financing Costs on Job Openings and Online Job Postings
Economic Commentary (2023)
With Adiah Bailey

Teaching

Econometrics
Undergraduate, ECO 231W
University of Rochester
Instructor
Summer 2020
Evaluations
Econometrics
Undergraduate, ECO 231W
University of Rochester
Teaching Assistant
Fall 2020, Fall 2019, Fall 2018
Instructor: Prof. Ronni Pavan
Econometrics
Undergraduate, ECO 231W
University of Rochester
Teaching Assistant
Spring 2020, Spring 2019
Instructor: Prof. Kegon Tan
Research in Applied Economics
Graduate, ECO 487
University of Rochester
Teaching Assistant
Spring 2019
Instructor: Prof. Ronni Pavan