Best of #econtwitter - Week of August 15, 2021 [1/2]
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 one of two, this week; part two is here.
Paper summary threads
Miika Päällysaho@MPaallysaho
Can changing labor market returns help explain observed trends in cognitive skills in developed countries? Our new @nberpubs WP, with @santiagohermo @SeimSeim and Jesse Shapiro, argues they can.
#EconTwitter @SU_Economics @Brown_Economics
nber.org/papers/w29135
A short thread:
nber.org
Labor Market Returns and the Evolution of Cognitive Skills: Theory and Evidence
2:04 PM · Aug 9, 2021
9 Reposts · 32 Likes
Miika Päällysaho@MPaallysaho
We start by documenting the Flynn effect in our data (left fig, 1st row) and noting that returns to both logical reasoning and vocabulary knowledge skills have *fallen* over time (2nd row). Moreover, the *relative* return to vocabulary knowledge fell by 40 log points. 7/10
2:04 PM · Aug 9, 2021
1 Repost · 2 Likes
Paul Novosad@paulnovosad
What a graph! High-income parents teach their children independence, low-income parents teach obedience.
Source: WVS via Acemoglu
nber.org/papers/w29125#…
Theory: parents teach traits that are optimal for the expected work evironment of their kids— limiting upward mobility.
1:32 PM · Aug 12, 2021
234 Reposts · 771 Likes
Journal of Public Economics@JPubEcon
College students assigned to a 7:30am intro course are 10% less likely to major in that subject. A similar effect is found for fatigue-inducing back-to-back courses.
Why? Attribution bias.
Students appear to misattribute their bad experience to the subject rather than fatigue
7:11 PM · Aug 9, 2021
174 Reposts · 533 Likes
Gabriel Chodorow-Reich@gchodorowreich
I have a new paper with Adam Guren and Tim McQuade on house prices: nber.org/papers/w29140. Not the recent COVID boom, but the 2000s cycle. Here is why we think there is more to say about this episode.
nber.org
The 2000s Housing Cycle With 2020 Hindsight: A Neo-Kindlebergerian View
12:33 PM · Aug 9, 2021
24 Reposts · 133 Likes
^useful comments and discussion
Yiqing Xu@xuyiqing
Happy to share a new working paper w/ @Apoorva__Lal @lockhartm @zu_gary: bit.ly/replicateiv We replicated >60 papers using IV strategies published in APSR, AJPS, and JOP and find troubling patterns of weaker IVs, wrong inference, and failure of exclusion restrictions.
9:33 PM · Aug 14, 2021
149 Reposts · 548 Likes
Caleb Watney@calebwatney
The paper includes the single best overview of the pollution literature I've seen, written with policymakers in mind.
Here's a handy breakdown of the best studies:
4:53 PM · Aug 9, 2021
4 Reposts · 20 Likes
Christopher Severen@ChrisSeveren
I’m happy to share that my JMP on 𝗟𝗔 𝗠𝗲𝘁𝗿𝗼 𝗥𝗮𝗶𝗹 finally has a conditional accept at @restatjournal. It only took 6 years and now I just have to submit the final version!
A 🧵 below on contributions to policy and methodology, link here:
cseveren.github.io/files/Severen_…
4:13 PM · Aug 9, 2021
28 Reposts · 245 Likes
Jonathan Cohen@jonpcohen
[1/N] Gyourko and @jkrimmel's zoning tax JUE is a clear, creative, and overall great paper. It's awesome to have a quick graph when someone's skeptical about zoning mattering.
Some thoughts, and I'm curious to hear other people's ideas about the paper:
NBER @nberpubs
New residential land-use regulation survey results show that key coastal housing markets will be the most supply constrained in the country, from Joseph Gyourko, Jonathan Hartley, and Jacob Krimmel https://t.co/iurL8ASHk0 https://t.co/ibXw5lOqlG
6:32 PM · Aug 15, 2021
1 Repost · 15 Likes
Stefan Nagel@ProfStefanNagel
Paper "Asset Pricing with Fading Memory" with @DanielZYXu now forthcoming in the RFS 😀. Quick summary: (1/n)
Review of Financial Studies @RevOfFinStudies
Forthcoming: Asset Pricing with Fading Memory by @ProfStefanNagel @ChicagoBooth and Zhengyang Xu #CUHK
https://t.co/X8wPHzo155
4:44 PM · Aug 10, 2021
2 Reposts · 53 Likes
John B. Holbein@JohnHolbein1
You know those policies that some universities have that admit the top X% of each high school in the state?
They're really good for disadvantaged students.
They increase graduation rates and annual salaries of disadvantaged students *a lot*.
zacharybleemer.com/wp-content/upl…
8:08 PM · Aug 12, 2021
513 Reposts · 2.07K Likes
Interesting discussions
John Cawley@cawley_john
A new memo from our AEA ad hoc committee on the job market has been posted. Happily, there is continued evidence of a major rebound in the demand for PhD economists. Summary w/ graphs follows... 1/7
#EconTwitter #EconJobMarket @AEAInformation @JOE_listings @EconSpark @AEACSWEP
3:00 PM · Aug 10, 2021
45 Reposts · 125 Likes
John Cawley@cawley_john
As of 2021-07-30, the # of job openings on JOE for full-time academic jobs in the US is up 58.5% compared to same time in 2020 and is even up 25.6% compared to this time in 2019 (which was pre-COVID). #EconTwitter #EconJobMarket 2/7
3:00 PM · Aug 10, 2021
27 Reposts · 63 Likes
^this is data on demand, but open question: data on supply
John Horton@johnjhorton
Academics: Any advice on being PhD program coordinator? Marketing your program? Evaluating apps? Reaching group decisions? I'm interested in all of your tips & advice!
3:49 PM · Aug 9, 2021
4 Reposts · 20 Likes
Kyle Handley@KyleLHandley
@johnjhorton @jenniferdoleac Marketing: 1) tweet about your program
2) make sure webpage about program is up to date/accurate, prospective/admitted student really scour this stuff
3) check to make sure details on app are what you want (it took me several yrs to get GMAT off UM b-sch oriented app). 1/
6:25 PM · Aug 9, 2021
8 Likes
Parag Pathak@prof_parag
I'm pleased to announce the launch of @MITBlueprintLabs, a non-partisan research group that applies research design and market design principles to pressing challenges in education, health care, and the workforce.
blueprintlabs.mit.edu
Home - Blueprint Labs
11:15 AM · Aug 12, 2021
23 Reposts · 170 Likes