Best of #econtwitter - Week of August 21, 2022
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.
Paper summaries
Brad Shapiro@btshapir
Working Paper Thread! “Preferences for Firearms and their Implications for Regulation”, joint with Sarah Moshary and Sara Drango.
We estimate consumer preferences for firearms and run counterfactual simulations predicting the effects of candidate polices.
papers.ssrn.com
Preferences for Firearms and Their Implications for Regulation
9:28 PM · Aug 19, 2022
34 Reposts · 121 Likes
Santiago Hermo@santiagohermo
How do minimum wage policies impact the rental housing market? Do landlords benefit from them?
I'm very excited to share our new WP with @gaborg and Diego Gentile Passaro where we try to answer these questions in the US.
Some key insights from the paper below
#EconTwitter
3:34 PM · Aug 16, 2022
15 Reposts · 74 Likes
Santiago Hermo@santiagohermo
@agoodmanbacon @pedrohcgs So, what do we find?
- 10% increase in workplace MW -> 0.68% increase in rents
- 10% increase in residence MW -> 0.22% decline in rents
These elasticities are of similar magnitude to estimates of MW effects on consumption prices!
3:44 PM · Aug 16, 2022
9 Likes
^Henry George laser eyes
Alex Chinco@AlexChinco
You’ve just written down a model predicting that hi-X assets will have higher expected returns. If this prediction holds empirically, how can you be sure investors are actually pricing assets based on X?
This is the question I ask in ssrn.com/abstract=37053… A 🧵… 1/
12:11 PM · Aug 15, 2022
11 Reposts · 55 Likes
Lavar Edmonds@lavaredmonds
🚨 Working Paper Alert! 🚨
I’ve basically been soft launching this for a while now, but I’m ready to share my first Big Kid working paper. Join me for a 🧵 on HBCUs, teachers, and Black student achievement! Comments and suggestions are much appreciated!
lavaredmonds.com/uploads/1/4/2/…
7:35 PM · Aug 15, 2022
236 Reposts · 934 Likes
Allison Shertzer@econhist_allday
Happy to report that "Racial Segregation in Housing Markets and the Erosion of Black Wealth" with @econtrout @prottoyakbar and Li Hickley is now accepted at @restatjournal. We ask how segregated housing markets affected black wealth. 1/n
nber.org
Racial Segregation in Housing Markets and the Erosion of Black Wealth
5:29 PM · Aug 17, 2022
84 Reposts · 267 Likes
Conor Walsh@Conor_A_Walsh
We know firms are getting bigger in general. But did you know they are everywhere growing their product portfolios?
This is the universe of US manufacturing and non-tradable service firms. Each year firms are getting more and more products...
8:59 PM · Aug 16, 2022
21 Reposts · 104 Likes
Clara Martínez-Toledano@cmtneztt
We do so by building the first Distributional Wealth Accounts for Europe, including households’ assets, liabilities, investment flows, and the wealth distribution for most European countries from 1970-2020. We uncover two relevant facts.
9:25 AM · Aug 18, 2022
2 Reposts · 24 Likes
Ritam Chaurey@rchaurey
🎺📜 Paper Accepted! “Infrastructure maintenance and rural economic activity: Evidence from India” (w/ @DuongTrungLe) is now accepted at @JPubEcon. We thank editor @sandipz and the amazing referees.
authors.elsevier.com/a/1fbtt_14odOL…
🧵 summarizing the paper 👇🏽 (1/8) #econtwitter
2:38 PM · Aug 19, 2022
23 Reposts · 184 Likes
Nils Wehrhöfer@NilsWehrhoefer
I am happy to announce that our paper “Austerity and Distributional Policy” - joint work with @alpmtt, @ZarehAsatryan & @BlesseSebastian - is forthcoming at the Journal of Monetary Economics! doi.org/10.1016/j.jmon…
9:06 AM · Aug 18, 2022
53 Reposts · 253 Likes
Soheil Ghili@SoheilGhili
My paper (tinyurl.com/msu9fb4x) with Ben Handel, Igal Hendel, and Mike Whinston got accepted today at @RevEconStudies. The title is "Optimal Long-term Health Insurance Contracts: Characterization, Computation, and Welfare Effects".
here, I discuss these three components: 1/n
tinyurl.com
DynamicContracts
8:01 PM · Aug 18, 2022
11 Reposts · 140 Likes
More: misinformation in networks; urbanization and wages; pandemic UI; optimal monetary policy under bounded rationality; job ladders; canals; vaccines and fertility
Public goods
Erik Hembre@EconHembre
It is often helpful for job-market candidates to go look up faculty salaries when negotiating on the job market.
Here's my attempt to consolidate those websites if anyone wants to use it (or help me add to the list keeping w/ only .edu or .gov sites):
docs.google.com
University Salary Websites
11:50 AM · Aug 16, 2022
93 Reposts · 449 Likes
More: thread of stata tips
Interesting discussions
Anup Malani@anup_malani
I have seen (& tweeted) several threads providing young scholars career advice. But I think there is also demand for advice for mid- to late-career advice. I consider myself mid-career, so this is based not experience, but conversations w peers & reflection.
1/11
3:00 PM · Aug 15, 2022
5 Reposts · 32 Likes
^part two of the thread here
John Horton 🇺🇦@johnjhorton
One thing I've learned from doing a lot of reviewing & seeing other peoples editor letters: editor almost never says "love this paper - should be an easy revision"; they hem & haw about what a good journal it is and what a hard revision it will be. It's cheap talk 1/n
10:44 AM · Aug 20, 2022
6 Reposts · 56 Likes
^somewhat related: thread reminder of the inefficiency of the peer review mechanism
Jon Steinsson@JonSteinsson
It is widely believed that good monetary policy must satisfy the “Taylor Principle” (i.e., that nominal interest rates should rise more than one-for-one with inflation). In important cases, I think this is a misconception. 1/
2:33 PM · Aug 17, 2022
119 Reposts · 456 Likes
Chandrayee Chatterjee@Chandrayee_Econ
This #econjobmarket season, I wanted to share & get suggestions on an issue that often hurts women on the job market: Inappropriate Questions on the Hiring Side. I experienced it, didn't quite know how to address it & really want this to stop!🧵#econtwitter #AcademicTwitter (1/n)
5:02 PM · Aug 17, 2022
35 Reposts · 235 Likes
Trade Diversion (Jonathan Dingel)@TradeDiversion
Too many economists report estimates to multiple decimal places in their abstracts. The welfare gains from the policy are 8.34%, really?
Editors should threaten to replace excessively "precise" estimates by confidence intervals.
4:47 PM · Aug 15, 2022
9 Reposts · 122 Likes
Chris Auld@Chris_Auld
The boy-girl puzzle: An explainer.
Variants on the puzzle below come up often. Many will reason, incorrectly, the answer is 1/2 since there are two possibilities, so 50/50.
There is the common gotcha answer: 1/3!
And there is the correct answer, which is unfortunately: 1/2.
Pasquale Cirillo @DrCirillo
Quiz 2.
You know that I have 2 children and that
one of them is a girl.
I invite you for dinner, and when you
knock at my front door you are greeted
by my daughter.
What is the probability that I have 2 girls?
The assumptions of the other quiz still hold.
11:03 PM · Aug 21, 2022
3 Reposts · 6 Likes
John Horton 🇺🇦@johnjhorton
B-school journal publications: "touching a stuff animal increases stated willingness to purchase by 3.1% (p = 0.046)"
B-school mass market books: "Plush: The Power of Softness to Shape our Lives & Transform Our Economy"
11:27 PM · Aug 16, 2022
254 Reposts · 2.65K Likes