Best of #econtwitter - JMPs 2022 special edition, part eleven

If your thread (or your student’s, or your colleague’s) is missing below, submissions are as always extremely welcome.

Previously: 2022 JMPs part one, part two, part three, part four, part five, part six, part seven, part eight, part nine, part ten. Editions from prior years are here.

As written last year: Plausibly these JMP editions have the highest densities of good content of all the newsletters. These are presented in even less of a sense of any order than usual.

Job market papers

Robert Metcalfe @RDMetcalfe

An extremely interesting JMP by Karim Fajury @USC_Econ karimfajury.com/home Little causal evidence as to whether higher income reduces the propensity to engage in corruption. Karim painstakingly gathers a novel dataset on vote buying and uses a RDD on cash transfer program.

Stefanie Stantcheva @S_Stantcheva

What are people’s perceived costs of looking for a new job? Do these expectations predict on-the-job search behavior? My co-author and student Armando Miano @ArmMiano, on the market this year, explores these questions in his JMP: scholar.harvard.edu/amiano/research 1/9

Xu Lu @_Xu_Lu

Thank you for the shoutout @HannoLustig! My JMP unveils the role of rebalancing demand in explaining stock returns after monetary shocks. Intuition: investors with allocation targets amplify the effect of short-lived monetary shocks on stock prices. Paper:xu-lu.net/_files/ugd/881…

Hanno Lustig @HannoLustig

Stanford GSB's @_Xu_Lu 's creative JMP explores implications of inelastic investor demand for monetary policy transmission. Mechanism: investors who operate under a rebalancing mandate. When the Fed increases rates and bond prices 📉, re-balancers sell stocks. stocks 📉 https://t.co/dVBcT8lLmz

Francesco Amodeo @fr_amodeo

#EconTwitter Check out this #JMP by Tyler Paul, a brilliant UCSD student on the Job Market 2022/23! web: sites.google.com/view/tylerlpau… Tyler studies how revised data on macro variables biases the estimation of prevailing tests of information frictions à la Coibion and Gorodnichenko

Lulu Wang @luluywang

Thanks for the shoutout @shoshievass! I study competition b/t payment networks, like Visa/MC/Amex. I estimate a 2-sided model to study competition + regulations. I find entry ↑ merchant fees, ↑ rewards, ↓ welfare, also repealing Durbin ↑ welfare. luluywang.com

Matt Clancy @mattsclancy

Next up; @AakashKalyani's job market paper develops a new way to identify patents closely tied to new actual inventions. He extracts technical terms from the text of patent documents; patents featuring a larger than normal share of new technical phrases he calls "creative"

Matt Clancy @mattsclancy

So, creative patents are (more) legit. What's happening with them? Even as the annual number of patents has been on the rise, the number of them classified as creative has been on the decline (figure is in per capita terms)!

Brian Jabarian @brian_jabarian

@alexoimas Thank you very much Alex! #EconTwitter #EconJobMarket 🧵on my JMP "A Two-Ball Ellsberg Paradox: An Experiment" co-author w/ Ph.D. student Simon Lazarus 🚨 We provide new experimental evidence that people prefer dominated risky gambles over ambiguous ones

Alex Imas @alexoimas

Very cool job market paper showing that ambiguity aversion is unlikely to be driven by pessimism (eg maxmin preferences): people prefer risky act even when ambiguous act always yields larger probability of winning. https://t.co/jsFyXVa9CA

Stefanie Stantcheva @S_Stantcheva

My student @angieacquatella is on the market this year. In her JMP, she studies the role of health insurance for redistribution. What is the best design of health care safety net programs? angieacquatella.com/research (1/8)

angieacquatella.comAngie Acquatella - ResearchResearch

Hannah Zillessen @HannahZillessen

🚨 JMP Thread 🚨 Can uncertainty about their future lower migrants saving rates? I explore the key role of citizenship prospects and certainty over future location in my JMP: "Uncertainty, Citizenship & Migrant Saving Choices" (hannahzille.github.io/hannahzillesse…) A 🧵1/7

Yagan Hazard @HazardYagan

Thanks a lot @instrumenthull! Sounds like an good time to say a bit more about the paper (written with my amazing co-author @LoeweSimon!). Peter already gave the perfect TL;DR version. Now it's 🧵-time! ⤵️ (headaches free & short, I promise!)

Peter Hull @instrumenthull

Very interesting JMP from @HazardYagan on improving the precision of IV estimates by predicting and removing non-compliance! https://t.co/TMGMLr9a5R https://t.co/bI86uLGUM3

Matheus Silva @matheus_econ

In any of those cases, quantifying uncertainty is hard... Which is the starting point of my JMP. My main question is: Can I create prediction intervals that are robust to those issues?

Paul Bose @paulromanbose

🚨Job market paper Alert🚨 Excited to share my job market paper. I study how trust in politicians affects German MPs' (members of parliament) concern with the provision of policies for the public good. When trust is low, politicians tend to reduce this concern. A 🧵

Elio Nimier-David @ElioNimier

Does local access to higher education promote business dynamism? 👩‍🎓📚🏭 I provide answers in my #JMP “Local Human Capital and Firm Creation: Evidence from the Massification of Higher Education in France”. 🧵below! #Econtwitter

Ayman Shakeel @aymanshakeel95

👋 #Econtwitter #EconJobMarket @WelcomeEcon I am an #EconJMC @UICEconomics. Let me share my #EconJMP! Link: aymanshakeel.com ❓Do you think young (ES and MS) student evaluations and supervisor (principal) observations capture teacher quality?

Emil Palikot @EmilPalikot

1/8 Excited to share a 🧵on my JMP! The paper is super new, so please check it out!🚨 Together w. @Susan_Athey & Dare IT we develop an online program for women transitioning to tech - it is effective (40% 📈 in prob. of tech jobs), scalable, and cheap to operate #EconTwitter

Kazuki Motohashi @EconKazuki

🚨 Job Market Paper #JMP Alert🚨 "Unintended Consequences of Sanitation: Negative Externalities on Water Quality and Health in India" Can you guess what happened when India subsidized the construction of 100 million latrines (toilets)?🚽 A thread🧵#EconTwitter #EconJobMarket

Garett Jones @GarettJones

Some countries try authoritarian development--loosely, "The China Model"--and fail completely. Why? Marcel Gautreau's JMP sets out to answer that question for Syria. In brief, market liberalization weakens the power of elites to rent-seek and to respond to regime threats.

Pablo Soto-Mota @pi_sotomota

Hi #EconTwitter! 👋 I'm a behavioural economist at @TheChoiceLab 🇧🇻 & 🚨I'm in the #EconJobMarket. Many people lie to their doctors because of image concerns. What works (or not) to prevent this behaviour? In my #JMP we implemented a field experiment to explore it! 🧵👇