Best of #econtwitter - Week of April 3, 2022 [3/3]

Welcome readers old and new to this week’s edition of Best of Econtwitter. Thanks to those sharing suggestions, over email or on Twitter @just_economics.

This is part three of three. Part one is here; part two is here.

Paper summary threads

Anna Stansbury @annastansbury

**How socioeconomically diverse is the economics profession?** New @PIIE working paper by @SchultzzyRun & myself, building on some stats I showed in an (unexpectedly viral!) Twitter thread in November. 10 Key Facts - and some discussion - below:

piie.comSocioeconomic diversity of economics PhDsIt is well documented that women and racial and ethnic minorities are underrepresented in the economics profession, relative to both the general population and many other academic disciplines. Less is known about the socioeconomic diversity of the profession.

^lots of (US) graphs; lots of discussion in the replies/QTs

Stephanie Sezen @stelifanie

This thread revealed the glaring inequality in the economics profession. I thought it would be useful to contextualize these findings as a first gen, female, low-income background student. 🧵 below

Anna Stansbury @annastansbury

**How socioeconomically diverse is the economics profession?** New @PIIE working paper by @SchultzzyRun & myself, building on some stats I showed in an (unexpectedly viral!) Twitter thread in November. 10 Key Facts - and some discussion - below: https://t.co/TF9P7ReGbA

andrea m 0 r 0 @andreamoro

... it also means if Econ had graduated 15 more URMs per year, Econ would have been right on par with Humanities. Fifteen in the whole country! With 23 more, we would be in the middle of the pack next to Communication. Hard to believe this cannot be accomplished!

Florian Ederer @florianederer

Encouraging the designation of a team leader dramatically raises the probability that groups escape from an escape room. #NBEROrgEcon I've rarely seen a more convincing first figure in a paper. conference.nber.org/conf_papers/f1…

Ivan Werning 🇺🇦 🌻 @IvanWerning

What is going on with the Ruble🇷🇺? Should it depreciate or appreciate? I think there are forces both ways and that could possibly explain why it has moved around and recovered. A thread about this little note with my genius friend @guido_lorenzoni 🧵 drive.google.com/file/d/1tYLKQR…

Sylvain Chabé-Ferret @SylvainCF

I’ve finally finished the first draft of the chapter on DID estimators, including all the recent developments around staggered DID designs, for my online book « Statistical Tools of Causal Inference »: chabefer.github.io/STCI/NE.html#d… A thread on what’s inside 👇🧵

chabefer.github.ioChapter 4 Natural Experiments | Statistical Tools for Causal InferenceThis is an open source collaborative book.

Ethan Mollick @emollick

Don’t skip classes!! “...Class attendance [is] a better predictor of college grades than any other known predictor of academic performance, including scores on standardized admissions tests such as the SAT, high school GPA, study habits & study skills” fyp.utk.edu/wp-content/upl…

^might have to throw a bad correlational tweet implying causation into the newsletter each week, just to keep you on your toes

Aurelie Ouss @AurelieOuss

First, the authors show that in general, crimes where the alleged perpetrator is an immigrant are more likely to be picked up by the media. This media bias increased sharply in the weeks leading to the referendum (2/3).

Ingar Haaland @Ingar30

1/ New paper alert: People often say they want the most accurate news possible, but in practice, they often consume ideologically aligned news. Why?

More: NLP Romer-Romer shocks; novelty; behavioral science hypervigilance; monetary policy with endogenous growth; heterogeneous agents and stimulus checks; social media and well-being correlations

Interesting discussions

Peter Ganong @p_ganong

Someone asked me a great question that I struggled to answer. What are examples of times where a quantitative prediction of an economic model is (a) counter-intuitive (at least to non econs, maybe to econs too) and (b) correct (and verified with data)

anthonyleezhang.eth @AnthonyLeeZhang

Many academics think an issue with ref reports is that they're one-sided, not a conversation. If refs don't like a paper, they write a report and reject, and the authors can't respond Here's a proposed solution: replace ref reports with a short DM chat session with referees

Peter Hull @instrumenthull

at some point someone needs to write the "How Much Should We Trust Mendelian Randomization" paper

Jennifer Doleac @jenniferdoleac

A reflection: Two of the best conferences I've been to (both non-academic) randomized lunch/dinner seating -- basically handing out cards with table numbers as guests entered the venue. Very easy to do. /1

Analisa Packham @analisapackham

Hey Academic Tweeps, help me out-- What are some ways in which deans can support faculty?