Alfonso Arellano
Alfonso Arellano
Senior Economist

Alfonso Arellano is Senior Economist in the Spain & Portugal Unit at BBVA Research. He is also part-time associate professor at Complutense University of Madrid.

Previous to this position, Alfonso Arellano worked as post-doctoral researcher at the Foundation for Applied Economics (FEDEA) and visiting professor at the University of Alicante.

He obtained the B.A. in Economics at Complutense University, the Master in Economics and Management at University Pompeu Fabra and completed the Ph. D. in Economics at University Carlos III.

His research interests include microeconometrics, applied econometrics and labor economics. His current research also focuses on digital economy,  financial literacy and financial health, among others.

Latest publications

Social Security affiliation increased last month (238.400) and unemployment fell (-73.900). After adjusting for seasonality, employment grew by 120.000, the temporary employment rate fell (to 57.3%) and also did unemployment (-33,000).
Employment hardly changed between January and March, improving expectations. After adjusting by seasonality, job creation and total hours worked accelerated (to 1.2% and 0.6% t/t SWDA, respectively). In addition, the unemployment rate (12.6% SWDA) and the temporary employment rate (17.8% SWDA) fell.
Social Security affiliation rose strongly in March (206,400 persons), temporary employment fell (to 53.2%) and so did unemployment (-48,800 persons). After adjusting for seasonality, in 1Q23, Social Security affiliation grew (1.0% t/t SWDA), while hiring and registered unemployment fell (-4,6% and -2.7%, respectively).