Best of #econtwitter - Week of April 3, 2022 [2/3]
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.
Paper summary threads
🚨NEW PREPRINT w/ . We conducted a real-world experiment to study the effects of partisan media. In Sept 2020, we paid people who normally watch Fox News to instead watch CNN. Median person was paid $15/hour for 7 hrs/week for 4 wks to watch CNN. Thread on results 1/
How do states fight against organized crime? We know that repressive methods are often ineffective and can generate more violence. Can policies targeting criminal revenues do better? We study a policy targeting mafia misappropriation of public subsidies. Here is what we find: 🧵
Happy to see 👇paper published with @gemmadipoppa. We study a policy targeting mafia-linked firms misappropriation of subsidies. Some firms, with cues of ties with organized crime, manage to avoid checks by applying for smaller subsidies. https://t.co/OZog4KxvTP https://t.co/eH7wIkROdG
Gianmarco Daniele @Giammacco
3/ We find that a group of firms starts self-selecting below the threshold of application of the law right after its enforcement. This behavior is driven by mafia-affected cities and sectors traditionally infiltrated by organized crime.
TLDR: 1) "Legal" firm size is complex and hard to verify 2) Essentially no penalties for misdeclaration in the tax data (data with bunching) 3) Social security data harder to manipulate (no bunching here) 4) Costs of regulation may be much smaller than previously estimated 2/4
Very excited to see this paper out in print! As always it was a pleasure to work with Mikkel. Brief summary thread ⬇️
We study the VA Disability Compensation program which provides persistent cash transfers to disabled veterans. The program has no wealth or income requirements and no explicit work restrictions: basic income! The program is massive (~2/3 SSDI expenditures) and growing (2/9)
🚨What factors determine the social integration of international migrants? , , Koenen, Kuchler, and I explore this question by studying the social networks of Syrian migrants in Germany (🧵 follows, details at pages.stern.nyu.edu/~jstroebe/PDF/…)
District elections decrease the supply of new multifamily housing, but increase equity in where housing is built. This equity gain is problematic for long-run inequality as less new housing increases prices. My article w/ Asya Magazinnik conditionally accepted in . 1/13
^still begging someone to start a ‘best of polisci twitter’ newsletter
I am very happy to announce the public release of Egypt’s 1848 and 1868 individual-level population census samples. The digitization of these samples is a project that I’ve worked on since my PhD in 2009-2012 (1/n)
ANNOUNCING new historical data release--two Egypt census samples from the 19th century now available to users! Thanks to data produced by @msaleh1982. https://t.co/lWgh8Ky3mX
IPUMS International @ipumsi
So much gold in Sargent's "Learning from Lucas," "One morning in early 1973, Neil [Wallace] popped his head over the partition between our offices and said ‘Tom, our project is fatally flawed and over.’ Neil told me that he had read... (Lucas, 1972a)."
The 2022 release of openassetpricing.com is live!! and I provide 200 anomaly returns through the end of 2021, two new predictors (red in pic), and fixes for dozens of issues. Openness + detailed docs + Github + annual updates = extremely high quality data. 💪🧵
I saw this by and it resonated. For many years I followed the academic economics “consensus”, ranking a PhD student’s success by how well they place academically. TLDR: I regret following that misguided judgment, and here’s why (most relevant for econ/soc-sci): 1/n
I find it ironic that PhDs who take a tech job starting at $300,000 are considered by many in academia to not have done well on the job market.
Todd Jones 🦊 @toddrjones
There should be some sort of program where every econ PhD student working on e.g. car loans gets to shadow a car buyer through the whole loan application process, see how long it takes, what's painful about it, etc.