Best of #econtwitter - Week of April 2, 2023: paper summaries

Apr 03, 2023

Welcome readers old and new to this week’s edition of Best of Econtwitter. Please submit suggestions — very much including your own work! — over email or on Twitter @just_economics.

Idiosyncratic favorites

David Wessel@davidmwessel

I posted this striking chart from Yongseok Shin that underscores how much employment by sector has not returned to pre-pandemic patterns. I got lots of questions. Some answers. A thread. #BPEA @BrookingsInst

4:06 PM · Apr 1, 2023

13 Reposts · 32 Likes

^see also (though not a paper):

Arpit Gupta@arpitrage

This is interesting. The goods share of spending is stagnating a bit, rather than reverting back to pre pandemic levels. In turn, this is maybe contributing to ongoing demand and hence inflationary pressures on goods vs services.

Council of Economic Advisers @WhiteHouseCEA

Nominal growth in services spending outpaced growth in goods spending. Therefore, the services share of consumption rose slightly in February. The goods share still remains substantially elevated relative to pre-pandemic norms. 6/ https://t.co/xeqsncyKqZ

2:49 PM · Mar 31, 2023

1 Repost · 9 Likes

Council of Economic Advisers@WhiteHouseCEA

1:35 PM · Mar 31, 2023

2 Reposts · 6 Likes

Paper summaries

Spencer Barnes@SpencerBarnes99

Did you know that financial constraints by ethnicity can contribute to disparities in wealth and access to geographic opportunities? @arpitrage, @ChrisHansman, and @pgmabille uncover a racial leverage gap in new work: Black borrowers are given higher loan-to-value ratios.

7:49 PM · Mar 28, 2023

2 Reposts · 11 Likes

Anna Tuchman@tuchmanna

Excited to share that our research on the pink tax has been accepted for publication at Marketing Science! See @jasonfurman’s nice thread on our findings and you can check out the full paper here: papers.ssrn.com/sol3/papers.cf…

Jason Furman @jasonfurman

Preparing for class and just learned that the "pink tax" seems to be a myth. Identical (or nearly identical) goods marketed to women are, if anything, slightly cheaper on average than when marketed to men--contrary to this graphic and many more like it. https://t.co/gtxojAujUd https://t.co/T1U8vZfSQH

8:58 PM · Mar 30, 2023

64 Reposts · 366 Likes

Mark Koyama@MarkKoyama

Very happy that "The Political Economy of Status Competition: Sumptuary Laws in Preindustrial Europe" w @desireedesierto has been accepted at the Journal of Economic History.

8:22 PM · Mar 29, 2023

6 Reposts · 42 Likes

Kweku Opoku-Agyemang, Ph.D@KwekuOA

"Dynamic Spatial General Equilibrium" in Econometrica is what it sounds like: integrating forward-looking capital accumulation into a dynamic discrete choice model...of migration. Let's go: onlinelibrary.wiley.com/doi/10.3982/EC…

3:07 PM · Mar 31, 2023

24 Reposts · 89 Likes

Arpit Gupta@arpitrage

A full draft now of the paper by Dan Stackman and Erica Moszkowski on downward nominal rigidity in retail leases. Vacancy and rents are *positively* correlated in Manhattan. Their story: debt covenants restrict rent reductions. @jeffrlin dstackman.github.io/files/stackman…

2:16 AM · Mar 29, 2023

17 Reposts · 69 Likes

Manuel Grieder@manuel_grieder

Publication alert! 🥳 Very happy that our paper on “Strategic Competition and Self-Confidence” with Stefanie Brilon, @SimonaGrassi and @Jfschulz has found a home and is forthcoming at Management Science (@INFORMS) pubsonline.informs.org/doi/abs/10.128… 1/n

1:21 PM · Mar 29, 2023

7 Reposts · 38 Likes

Anna Stansbury@annastansbury

Most people in most countries think climate change is a problem, understand what causes it, and want to tackle it. Awareness is *not* any longer the main barrier to climate action. Important work by ⁦@S_Stantcheva⁩ & coauthors at #EfIP conference today

1:40 PM · Mar 30, 2023

21 Reposts · 67 Likes

Andrea Fazio@AndreaFazio19

Using data from @usociety, we show that the #IceBucketChallenge increased the prob of donating and the amount of money donated among small donors. We also find an effect on #volunteering and #trust, suggesting that such campaigns might have a broader impact on prosocial behavior

10:30 AM · Mar 28, 2023

2 Reposts · 3 Likes

More paper summaries

James Robert Evans@J_R_Evans

Yesterday I presented some of my thesis research at #EHS2023 – here is a *very* brief overview of some of the things I said:

6:01 PM · Apr 1, 2023

21 Reposts · 99 Likes

Gert Peersman@GertPeersman

We have used bank-transaction data of 930.000 Belgian households (almost 20% of the population) to examine the evolution of energy expenditures. The results are striking… given that Belgium has a system of automatic wage indexation. A thread 1/n

7:33 AM · Mar 31, 2023

37 Reposts · 197 Likes

Donald Schneider@DonFSchneider

Another study, this time at BPEA, finding the IRA's green credits could cost $1.2 trillion between now and 2031 or up to $2 trillion through 2040. Well above the advertised cost of ~$400 billion. So IRA will go down as a large deficit expansion bill brookings.edu/wp-content/upl…

5:04 PM · Mar 30, 2023

4 Reposts · 11 Likes

^Matt Yglesias: “Some people see this as a bad thing, but the news that the IRA may induce much more clean energy than forecasted by the CBO is actually good”

John B. Holbein@JohnHolbein1

"War and Nationalism: How WW1 Battle Deaths Fueled Civilians’ Support for the Nazi Party" cambridge.org/core/journals/…