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Milena Almagro Profile
Milena Almagro

@MilenaAlmagro

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Assistant Professor of Economics at @Chicagobooth . @NYUniversity Econ PhD. I use IO tools to study the best human invention: cities.

Chicago, IL
Joined January 2014
Don't wanna be here? Send us removal request.
@MilenaAlmagro
Milena Almagro
4 years
Last night I was so tired during a flyout dinner that I said: ‘’I only drink alcohol in the morning” I meant coffee. 🤦🏼‍♀️ Most likely not getting the job.
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@MilenaAlmagro
Milena Almagro
1 year
My (first) pre-doc just got a PhD offer from a top 5. I can't be any happier for him. So excited to see him grow!
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@MilenaAlmagro
Milena Almagro
2 years
I've been in Europe for a week. Every time I get coffee, my eyes burst into tears of joy. Same feeling also applies to wine.
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@MilenaAlmagro
Milena Almagro
5 months
Just shared a few tips about flyouts with one of my students. I thought these could be useful for everyone who's about to give some talks. 🧵Thread👇below. (Also feel free to add anything you found useful during your experience!)
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@MilenaAlmagro
Milena Almagro
2 years
Is your propensity to shop online positively correlated with how long your code takes to run? I’ve measured mine and correlation is ~ 0.78
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@MilenaAlmagro
Milena Almagro
4 years
Looking at the code of my JMP from 6 months ago and feeling like...
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@MilenaAlmagro
Milena Almagro
3 years
More than smart, I would say funny
@ItsJulieRomero
Julie 🇨🇴🎙
3 years
Native speakers will NEVER understand 😭
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@MilenaAlmagro
Milena Almagro
3 years
Guess where I am!
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@MilenaAlmagro
Milena Almagro
1 year
Vamos Argentina!!! Y que suerte que tengo de poder vivirlo en Buenos Aires!!!
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@MilenaAlmagro
Milena Almagro
4 years
Remember this map? Remember the recent news about minorities being hit harder by COVID-19? Well, @angelo_oh and I have been putting together a short paper trying to unravel some mechanisms to explain these patterns. Link -> 1/n
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@MilenaAlmagro
Milena Almagro
7 months
I have two brilliant students on the market working on Spatial Economics, both of them with JMPs that have extremely policy-relevant implications: 1. @OliviaBordeu (Chicago Booth) 2. @GioPietrabissa (CEMFI)
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@MilenaAlmagro
Milena Almagro
2 years
Something that @conlon_chris doesn't know is how many times he's saved my life with his IO and metrics notes. (Note to myself: don't forget to divide by sqrt(N) if you don't want to get crazy standard errors 🤦‍♀️)
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@MilenaAlmagro
Milena Almagro
4 years
Ubering back home from my LAST FLYOUT. The feeling is crazy - just thinking that I’ve been preparing for this for years and that it’s over. A big shout-out to all those JMCs who went through this adventure. You guys are true heroes.
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@MilenaAlmagro
Milena Almagro
4 years
And this is the JM self reward. And to my amazing boyfriend, who’s put up with all the whining of epic instances such as: - The code does not work - I can’t do this - Everything sucks But gave me enough wine and love so I never despaired
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@MilenaAlmagro
Milena Almagro
3 months
That feeling when it's your first time teaching (ever!) but a bunch of students tell you it was their favorite class 😍
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@MilenaAlmagro
Milena Almagro
1 year
Unlocked next level of coolness: Seminar presentation in leather pants #motomamieconomist
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@MilenaAlmagro
Milena Almagro
4 years
Job market adventures: - Lost a 500 USD jacket - Gained weight - Went to the wrong hotel and made the person arranging it panic - Met my econ idols and behaved like a true groupie - Gained more weight - Was told by a taxi driver that I’m getting old for having children
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@MilenaAlmagro
Milena Almagro
4 years
Remember that short paper with @angelo_oh showing occupations were key to explain differences in COVID-19 exposure across NYC zip codes? Now we have analyzed how the magnitude of those variables evolve over time under the effects of the stay-at-home order. Thread 👇
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@MilenaAlmagro
Milena Almagro
7 days
First seminar invitation at a Spanish institution since the job market. ***Checks list of meetings and schedule*** Lunch time: 2pm I love my country ✌️✌️😆
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@MilenaAlmagro
Milena Almagro
2 years
My life won't be complete until the day I type "idiosyncratic shock" with no spelling mistakes on the first attempt
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@MilenaAlmagro
Milena Almagro
3 months
How much public transit should cities provide and at what price? The answer depends on how much municipalities can spend. We explore optimal transit policies and show how road-pricing can cross-subsidize public transit and reduce distortions due to budget constraints 🚌↔️🚗🚗🚗
@nberpubs
NBER
3 months
Applying to Chicago a framework of optimal urban transportation policies in the presence of congestion and environmental externalities, from @MilenaAlmagro , @barbieri_k_f , Juan Camilo Castillo, @NathanielHickok , and @TobiasSalz
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@MilenaAlmagro
Milena Almagro
1 year
Happy Women's Day! I want to dedicate this one to my mum. She was a woman always ahead of her time. She never saw me finish my PhD, but if I've had the strength to get here, it's definitely thanks to her. Together, we became stronger than ever, but still a long way to go!
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@MilenaAlmagro
Milena Almagro
4 years
It's official!!! This Spanish specimen over here has digi-evolved to DOCTOR ALMAGRO!!! Thanks to the amazing set of people that I've had supporting me throughout: Alessandro Lizzeri, Guillaume Frechette, @emanresa82 , @TobiasSalz , @straiberman , @ptscott . Couldn't be luckier.
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@MilenaAlmagro
Milena Almagro
7 months
Writing recommendation letters for two students and getting emotional about how much progress they've made and how much they've grown🥹
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@MilenaAlmagro
Milena Almagro
4 years
TFW you go over code your past self wrote months ago without comments and annotations
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@MilenaAlmagro
Milena Almagro
1 year
Interviewing with a view - good luck to everyone!
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@MilenaAlmagro
Milena Almagro
3 years
Bird’s-eye view of NYC bathed by the last rays of sunlight. NYC you will always have a special spot in my heart…
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@MilenaAlmagro
Milena Almagro
3 years
An empty house but a full heart! Thank you for everything NYC. I’ll miss you dearly.
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@MilenaAlmagro
Milena Almagro
1 year
Very very happy to see this out! It’s been a great process to work with @EricChyn and @BryanAStuart , even though we come from completely different fields. I’ve learnt so much from them. Cheers to many more to come!
@nberpubs
NBER
1 year
Public housing demolitions that led to urban gentrification had disparate impacts, with welfare decreasing for poor minorities and increasing for White households, from @MilenaAlmagro , @EricChyn , and @BryanAStuart
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@MilenaAlmagro
Milena Almagro
2 years
Pre-doc opportunity at @ChicagoBooth ! A large group of junior and senior faculty from several fields are looking for applicants from a wide range of skills: theory, applied micro, structural work… If you’re interested, please follow link below👇🏻
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@MilenaAlmagro
Milena Almagro
5 years
I got ten rejection letters from a position that I applied. TEN!! I think with seven they had already made the point...
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@MilenaAlmagro
Milena Almagro
2 years
(Almost) Full @osus_info team at the @UrbanEconomics meeting!
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@MilenaAlmagro
Milena Almagro
4 years
Our 1st Covid baby has found a home! Despite it differs from my usual structural work, I’m especially attached to it. It kept me motivated through JM PTSD + pandemic Deeply grateful to my dearest friend @angelo_oh for helping me keeping it together
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@MilenaAlmagro
Milena Almagro
3 years
Reading this gem of a book that @Simon_Mongey recommended almost a year ago. I wish it had fallen into my hands during grad school - I guess it’s never too late 😜
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@MilenaAlmagro
Milena Almagro
4 years
I went to bed last night being horrified with certain xenophobic comments on this tweet. Beyond those lives that have been shattered, those comments show a generalized sentiment against immigrants. The problem is not Trump himself, but how millions of people also think like him
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@MilenaAlmagro
Milena Almagro
2 years
Seminar Etiquette: always wear a suit
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@MilenaAlmagro
Milena Almagro
4 years
Too many emotions when writing the acknowledgement page on my dissertation. 😭 I don't know if I'm the next Jane Austen with all this sensibility or just the next drama queen.
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@MilenaAlmagro
Milena Almagro
3 years
Some thoughts that I shared during the PhD orientation of @ChicagoBooth 's new cohort of grad students. (Much of the credit should go to @OliviaBordeu . The free food one is my own harvest though 😜)
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@MilenaAlmagro
Milena Almagro
8 months
Stupidity level “running bootstrap for 30+ hours and not saving any results” 🤦🏼‍♀️
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@MilenaAlmagro
Milena Almagro
2 years
A great reference for demand estimation - have been using it lately for my own research!
@YaleCowles
Cowles Foundation
2 years
Reliable demand estimation is an essential input to many types of research in Industrial Organization and other fields of economics. This paper presents a discussion of foundational issues: @steventberry @PhilHaile
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@MilenaAlmagro
Milena Almagro
3 years
It’s been a tough year but being reunited with my family is the greatest present I could ever wish for (plus all the jamón ibérico I’m going to eat these days). Merry Christmas from the Almagro’s sisters!!
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@MilenaAlmagro
Milena Almagro
3 years
Very excited to see this in print. @jessiehandbury you rock 💪🏻💪🏻💪🏻
@ecmaEditors
Econometrica
3 years
How do local price indexes vary differently for the rich and the poor? Higher-income cities and neighborhoods are relatively cheap for the rich, in spite of high unit prices, because chains offering high-quality products are more likely to operate there
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@MilenaAlmagro
Milena Almagro
4 years
Negroni night closing the job market season with the indomitable ⁦⁦ @albertobisin
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@MilenaAlmagro
Milena Almagro
2 years
When doing structural work, most days of work tend to be frustrating, where I see myself facing a puzzle with very little certainty I'd be able to solve But today was a good day :)
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@MilenaAlmagro
Milena Almagro
3 years
Feeling like a Viking when giving tips to my family about how to survive a snow storm in Madrid
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@MilenaAlmagro
Milena Almagro
4 years
Sushi for two
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@MilenaAlmagro
Milena Almagro
4 years
🚨🚨🚨 Looking for an RA 🚨🚨🚨 If you are interested in urban, empirical IO, spatial/trade come work with me! What to expect ➡️ empirical questions using data from the Netherlands Requirements ➡️ Stata, fluent in Dutch, US work permit Link:
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@MilenaAlmagro
Milena Almagro
2 years
Homecoming
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@MilenaAlmagro
Milena Almagro
3 years
Flying back to NYC tonight. Hard to leave all my friends and family behind, but even harder will be to lose the weight that I’ve gained from eating croquetas and jamón.
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@MilenaAlmagro
Milena Almagro
4 years
Let the show begin :) Good luck to all JMC (friends, strangers, and even me!) tomorrow in your first day of interviews at the EEA meeting. Let's nail those!
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@MilenaAlmagro
Milena Almagro
1 year
Wrapping up some ref report stats: 1. I recommend R&R ~ 52% of the time, ~ 42% conditional on top 5 2. Editor recommends R&R ~ 26% of the time, ~ 14% conditional on top 5 3. Correlation between recommendations is 0.55
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@MilenaAlmagro
Milena Almagro
22 days
Fourth edition of the trade asado. What an incredible group of people and students! This time we say goodbye to our beloved @OliviaBordeu and @FrancoTabaresSa . Wishing you the best in this new stage of your careers!!
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@MilenaAlmagro
Milena Almagro
4 years
Unusual advice for JMCs: have a song that pumps you up and play it before interviews/fly outs. Mine was Toast by Koffee - Spotify just reminded me. (ok, I admit that some reggaeton tacky beats too...)
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@MilenaAlmagro
Milena Almagro
4 years
Daruma dolls represent perseverance. Traditionally, one paints one eye, makes a promise, works hard, and paints the other eye when the dream is achieved. 18 months ago I bought this one at the Japanese garden of BAires. I wished for a job. Today I painted its second eye :)
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@MilenaAlmagro
Milena Almagro
4 years
Good piece of advice. I'd add one more: focus on daily goals, e.g., go over intro, debug this piece of code, etc. Thinking of long-term goals made me feel that I didn't have enough time and thus made me very anxious. This was a good way of making progress without going nuts
@MartinFS13
Martín Fernández Sánchez
4 years
Dear JMC, I did the market last year, and although things are quite different now, let me give you some very general advice. This is based on my own experience and we are all different, so take it with a grain of salt. #econjobmarket #EconTwitter 1/n
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@MilenaAlmagro
Milena Almagro
1 year
“Life of a Spaniard abroad”, Episode 23 Talking to a Tax Assistant on the phone TA: where are you from? Me: Spain TA: Where? Me: Ssspain (trying hard to avoid an E before the S) TA: France? Me: no, south of France. Can you hear me well? TA: sorry it’s your accent 🤦🏼‍♀️
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@MilenaAlmagro
Milena Almagro
2 years
It’s my first Christmas being away from my family. It’s also my first Christmas with my own personalized Christmas “tree”
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@MilenaAlmagro
Milena Almagro
3 years
Spanish Symposium and Econometrics Society Winter Meeting in Barcelona on December 16-18th 😱😱😱 Really hope both are in person. Can't wait!!!
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@MilenaAlmagro
Milena Almagro
9 months
Out of date and boring: working on referees reports in the plane In and fashionable: working on referee reports at the hairdresser
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@MilenaAlmagro
Milena Almagro
3 years
What a city!
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@MilenaAlmagro
Milena Almagro
4 years
The rockstar of my dad (67, a Bayesian econometrician, working with mild symptoms last week) is helping @inverence , a Spanish startup, predict the # of COVID-19 deaths Their cause is to help. They're nailing it with an average of 4% of error Check ->
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@MilenaAlmagro
Milena Almagro
2 years
Dear NYC, You’re not only invaded by trash and rats, but also pretty ugly scaffolding. American cities need to be more walkable, not less. Yours truly, A European fellow and former resident.
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@MilenaAlmagro
Milena Almagro
4 years
Got asked to be a referee (for the first time!) for two different papers this week. In the middle of job-market-craziness-flyout-period. Did I say no? No, I told them to put them off until March. 🤓 Am I excited? Yes! 😃 Am I a masochist? Maybe 😭
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@MilenaAlmagro
Milena Almagro
3 years
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@MilenaAlmagro
Milena Almagro
3 months
Well, another year that I'm not cited by the White House.
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@MilenaAlmagro
Milena Almagro
1 year
The beauty of cities!
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@MilenaAlmagro
Milena Almagro
1 year
Trade Asado 2023 Edition: what a nice way of closing the academic year!
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@MilenaAlmagro
Milena Almagro
4 years
TFW results don't make sense and you spend an entire night wondering if you don't have the right skills for an academic career, but it was just a tiny mistake in your code Is this common?
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@MilenaAlmagro
Milena Almagro
11 months
Mode holidays on - OOO for the next 10 days!
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@MilenaAlmagro
Milena Almagro
1 year
I’m putting together a small course on Urban Amenities for the UEA Summer School. Given it’s impossible to keep track of all new work, please comment below with papers you think I should cover and that students should learn about (shameless self promotion welcome!) Thanks!!!
@UrbanEconomics
Urban Economics Association
1 year
PhD students interested in urban economics: Apply to join us in Montreal on May 29-31 for summer school. Learn from leading scholars, including @marcogleznav & @MilenaAlmagro . Get feedback on your research and meet other urban economists.
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@MilenaAlmagro
Milena Almagro
3 years
One step closer to normal! Very happy but just wishing that everyone else in this world (family, friends, strangers) could also get theirs ASAP...
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@MilenaAlmagro
Milena Almagro
3 years
Every time I read ``A Unified Framework for Measuring Preferences for Schools and Neighborhoods'' by @PatBayerNC , Fernando Ferreira, and Rob McMillan, I learn something new. This makes it one of my favorite classical papers in Urban Econ. It's like my Frank Sinatra of sorting.
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@MilenaAlmagro
Milena Almagro
4 years
Given the current JM situation we propose a 2x1 policy to help clearing the market: hire one JMC and get the other one for free 😂 @PeterFPaz and @tomasdiino
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@MilenaAlmagro
Milena Almagro
4 years
After five months nothing can’t keep us apart (not even a pandemic) What do you think @Claudiallende ?
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@MilenaAlmagro
Milena Almagro
1 year
This is an invaluable opportunity for PhD students working on Urban and Spatial topics, especially for those closer to the market. Please send your submissions! Looking forward to learning about the new generations in our field :)
@UrbanEconomics
Urban Economics Association
1 year
PhD students interested in urban economics: Apply to join us in Montreal on May 29-31 for summer school. Learn from leading scholars, including @marcogleznav & @MilenaAlmagro . Get feedback on your research and meet other urban economists.
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@MilenaAlmagro
Milena Almagro
9 months
Perks of being a nonnative speaker: telling someone that their paper was very convoluted when I meant complex 🤦🏼‍♀️ #alwaysmakingfriends
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@MilenaAlmagro
Milena Almagro
2 years
@TradeDiversion and I have co-organized the first @BeckerFriedman Junior Spatial Economics conference. Very happy to have gathered a group of fantastic junior scholars working on spatial topics. You can really tell the field is growing strong!
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@MilenaAlmagro
Milena Almagro
3 years
Photo caption: … such as submitting my JMP
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@MilenaAlmagro
Milena Almagro
3 months
What a great piece of work. This is one of those papers I wish I had written. Very happy to see it’s finally out!
@nberpubs
NBER
3 months
This paper studies how local institutions and preferences over school attributes shape the impact of education policies in space, from @francesco_ago , Margaux Luflade, and @MartelliniPaolo
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@MilenaAlmagro
Milena Almagro
3 years
Don't be like me trying to numerically solve a constrained problem when you can transform it into an unconstrained one and save 24 hours of your life
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@MilenaAlmagro
Milena Almagro
3 years
When nobody gets a joke with a Harry Potter reference in a meeting with junior and senior colleagues
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@MilenaAlmagro
Milena Almagro
4 years
Today my dearest friend @AnaMoreMaldo defended her thesis. What a journey: from the surreal parties at LSE, shaving our heads and wearing mohawks in the 1st year of our PhD, to sharing all the ups and downs of the JM. You deserve the best. For many more adventures to come!
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@MilenaAlmagro
Milena Almagro
2 years
When summer unexpectedly arrives at Chicago and the besties come to town to remind you that life is nothing else but those small moments @lcastillomart @alvarorganista
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@MilenaAlmagro
Milena Almagro
4 years
Reading a paper that discredits a bunch of other papers working on the same topic in one footnote. ONE FOOTNOTE. And then we complain how our profession is so mean and competitive 🤦🏼‍♀️
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@MilenaAlmagro
Milena Almagro
4 years
Stay tuned. Amazing lineup of young economists. (excluding myself from the adjectives amazing and young 😬)
@fpeckert
Fabian Eckert
4 years
Clare Balboni and I decided to turn the Quantitative Spatial Economics Junior Workshop into a series of eight online seminars! Every Friday at noon starting April 17 with @thetahat ! Please join us! Full program + more info: or 👇🏻
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@MilenaAlmagro
Milena Almagro
4 years
Adding to the coronavirus debate: An article in 2007 (!) already pointed out the culture of eating exotic animals was a time bomb. Full article here: Too late for this one. Besides lockdowns & financial stimulus packages, shouldn't policy FORBID this too?
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@MilenaAlmagro
Milena Almagro
4 years
You meet someone at YES2018. Two years later, that person becomes one of your biggest supporters during the JM and a true friend. Who would've guessed @Claudiallende ? Send your paper, get feedback from your peers, and find your Claudia. Yes, grad students submit to YES!
@YESYale2022
YES2022
4 years
Hi, #EconTwitter ! This is the official Twitter of YES 2020, the conference by grad students, for grad students, which will be (virtually) host by Penn. It's a pleasure to meet you all! :)
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@MilenaAlmagro
Milena Almagro
4 years
It's been a very emotional day and a very nerve-wrecking week (even though I can't vote and probably I'd still be considered as a foreigner in this country to many). But this video summarizes it all. Thanks Americans, you made me gain my faith back.
@CNN
CNN
4 years
“You spend so much of your life energy just trying to hold it together. And this is a big deal. For us just to be able to get some peace.” Van Jones reacts after CNN projected Joe Biden as the winner of the presidential election.
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@MilenaAlmagro
Milena Almagro
4 years
New WP with @josh_coven , @arpitrage , and @angelo_oh ! Using mobile phone data, we find that racial disparities in COVID risk can arise from structural inequalities: disadvantaged groups live in more crowded housing and specialize in jobs that require physical presence!
@arpitrage
Arpit Gupta
4 years
🚨New working paper🚨 with @MilenaAlmagro , @josh_coven , @angelo_oh We document racial disparities in two key COVID-19 risk factors in New York City—out of home activity and housing crowding paper substack video 👇 thread 1/n
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@MilenaAlmagro
Milena Almagro
3 years
Sorry if I’ve been silent for a while but I was busy attending the first edition of the Murcian Economics Society Symposium (MESS) co-hosted with @lcastillomart Key note lecture by @tomasdiino was eye-opening. Poster session by @j_domiino and @alvarorganista was good too.
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@MilenaAlmagro
Milena Almagro
4 years
Remember all of those crazy visa restrictions that made us (students and new grads) go crazy over the summer? If you want to know if they made any sense, come check our online urban seminar on Monday!
@osus_info
Online Spatial & Urban Seminar
4 years
Restricting high-skill immigration to bring jobs back for natives? It could push US firms and multinationals abroad! Next Monday 11am ET @osus_info , @nicomoralesg on high-skill immigration policy and multinationals’ location, using data on H1Bs. + info:
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@MilenaAlmagro
Milena Almagro
2 years
A late-night conversation with @martinalmuzara about getting into shape after the summer: Me: You know, it's hard. But every day I tell myself that the only thing I need is Consistency Him: And Asymptotic Normality 🙃 [...] Me: 🤦‍♀️ (you guessed well, he's an econometrician...)
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@MilenaAlmagro
Milena Almagro
11 months
Overwhelmed by the variety and quality of restaurants at O’Hare Airport - from the Cubs grill to McDonald’s. (Read with a hint of sarcasm)
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@MilenaAlmagro
Milena Almagro
3 years
A truly mindblowing paper 🤯 Very happy to see this in print!!!
@ecmaEditors
Econometrica
3 years
We show how and when grouping individuals in a first step, and estimating the model given the groups in a second step, provides consistent estimators even when unobserved heterogeneity is continuous. Check
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@MilenaAlmagro
Milena Almagro
9 months
Thank you Europe for such a great summer, filled with nice food, coffee, wine, breakfasts in front of the Mediterranean sea, family, friends... (and with some coding and referee reports too :/)
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@MilenaAlmagro
Milena Almagro
3 years
Maybe it comes a bit late, but I just did this for one of my friends on the JM. Not that my communication skills are astonishing, but I hope they're better than my drawing skills.
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@MilenaAlmagro
Milena Almagro
4 years
I'm so happy for all my friends and colleagues who got the UEA prize and honorable mentions: @CharlyPorcher , @AnaMoreMaldo , @romandzarate you guys rock! I feel honored for being surrounded by so much talent #UEA2020
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@MilenaAlmagro
Milena Almagro
11 months
So I went to the @SEDmeeting and could follow 70% of the presentations I attended. Do I finally qualify as Macro now?
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@MilenaAlmagro
Milena Almagro
1 year
Strange seminar requests level: ask to stop by a pub before a seminar dinner just because it brings you tons of memories of your masters year in London 🤣
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