Best of #econtwitter - Week of August 30, 2020
Welcome readers old and new to this week’s edition of the Best of Econtwitter. Recommendations always welcome over email or on Twitter @just_economics.
New papers
Nathaniel G. Hilger@nate_g_hilger
(1/16) Q: How should we seek to improve child outcomes? More cash for low-income parents, or more direct investments in children's skills and health?
A: Best evidence suggests direct investments much more promising.
cc #EconTwitter
12:51 AM · Aug 24, 2020
12 Reposts · 37 Likes
Ernie Tedeschi@ernietedeschi
New paper finds Puerto Rican migration to Orlando prompted by Hurricane Maria led to a slight increase (+0.8%) in aggregate native employment & no impact on aggregate wages, though with some small sectoral variation: native construction wages -2.5%, native retail wages +2.1%
11:53 AM · Aug 24, 2020
100 Reposts · 283 Likes
Zach Parolin@ZParolin
1/ Rather than apply a summary indicator of inequality, we visualize growth incidence curves from ’67-’15 (following @MartinRavallion, @BrankoMilan, others). We first divide this into pre- vs. post-fisc income to see how taxes/transfers shape income growth at each percentile.
4:13 PM · Aug 25, 2020
3 Reposts · 9 Likes
Mary Laski@mary_laski
🚨🚨🚨 New @nberpubs working paper out now! We use a ~cool~ new method to estimate school-level income based on census block group-level data. Surprisingly, we find that income-based achievement gaps narrowed substantially between 1990 and 2015.
NBER @nberpubs
Income-based achievement gaps have narrowed in the US since 1990, despite rising income inequality and income-based residential segregation, from Shirin A. Hashim, Thomas J. Kane, Thomas Kelley-Kemple, Mary E. Laski, and Douglas O. Staiger
https://t.co/sZwdcdsD4j https://t.co/PASLbtD4Lh
2:48 AM · Aug 26, 2020
28 Reposts · 73 Likes
^Key figure here
Xavier Jaravel@XJaravel
[1/n] Very happy to circulate a revised version of our paper on shift share design, with the brilliant @borusyak and @autoregress.
You can find it here: …1-4c99-bb2c-0fdc17ec7c2d.filesusr.com/ugd/bacd2d_d80…
2:54 PM · Aug 28, 2020
39 Reposts · 161 Likes
tradewartracker@tradewartracker
So here is a summary of what is in here...
1/n
AEA Journals @AEAjournals
Forthcoming in the AER: "Equilibrium Technology Diffusion, Trade, and Growth" by Jesse Perla, Christopher Tonetti, and Michael E. Waugh. https://t.co/Tt7JhXCoCV
6:35 PM · Aug 28, 2020
11 Reposts · 52 Likes
Stefanie Stantcheva@S_Stantcheva
[1/6]📒🖍️🔍New working paper on improving tax compliance & enforcement for small firms. We study a tax amnesty-type program in Greece that exempts firms from audits in years in which they report profit margins above a target scholar.harvard.edu/files/stantche…
10:51 AM · Aug 29, 2020
29 Reposts · 113 Likes
Ricardo Lagos@Lagos_R_
This tweet that I supplied @nberpubs is unintelligible. I will allow myself a thread to give it another try.
NBER @nberpubs
A micro-level theory of market-based contagion that emphasizes the role of equilibrium-price responses of contagion-prone activities in shaping buyers' incentives to expose themselves to disease, from @Lagos_R_
https://t.co/0Uv3ILaSGh https://t.co/Jy7pKWMfws
5:53 AM · Aug 30, 2020
5 Reposts · 39 Likes
Ben Moll@ben_moll
One of the nicest examples I've seen of a HANK model helping to guide policy: an analysis of the Fed's new average inflation targeting strategy by @FedResearch economists @laurafeiveson @julielhotchkiss and others federalreserve.gov/econres/feds/d…
11:40 AM · Aug 30, 2020
43 Reposts · 150 Likes
Florin Bilbiie@FlorinBilbiie
In light of the Federal Reserve’s recent move towards Price Level Targeting PLT(-ish), a reminder of this paper where I show (among other things) this policy’s virtues in T(ractable)-HANK
Two such virtues: 1/n
1:30 PM · Aug 30, 2020
28 Reposts · 124 Likes
Tony Cookson@prof_cookson
I'm excited to finally post a draft of my paper
"Shale Shocked: Cash Windfalls and Household Debt Repayment."
papers.ssrn.com/sol3/papers.cf…
We have presented it a bunch of times, but haven't posted a draft officially publicly until now.
1/
5:39 PM · Aug 30, 2020
6 Reposts · 18 Likes
Other paper summaries
Carolin Pflueger@CarolinPflueger
My paper “Macroeconomic Drivers of Bond and Equity Risks” with John Campbell and Luis Viceira in this month’s JPE. Why do Treasury bonds increase in value in bad times? Low inflation expectations or flight-to-safety?journals.uchicago.edu/doi/10.1086/70…
1/3
journals.uchicago.edu
12:38 AM · Aug 30, 2020
52 Reposts · 292 Likes
Jennifer Doleac@jenniferdoleac
This paper is officially forthcoming at AEJ: Applied!
“The effects of DNA databases on the deterrence and detection of offenders,” joint work with @annesofieanker & @r_landersoe.
aeaweb.org/articles?id=10…
Here is a thread describing what we do and what we find:
8:37 PM · Aug 25, 2020
77 Reposts · 274 Likes
Shuhei Kitamura@skit1984
My paper with @NippeLagerlof has been published @EEANews!
Q. Why do some of the richest places in the world (e.g., Europe) have many historical borders? And why are borders found in particular geographic environments?
Thread. (1/5)
JEEA @JEEA_News
The August 2020 issue (18, 4) of @JEEA_News Journal of @EEANews is now available online @OUPEconomics
https://t.co/ClS8d0lwlx
6:08 AM · Aug 26, 2020
10 Reposts · 46 Likes
Felix Tintelnot@FelixTintelnot
Our paper Trade and Domestic Production Networks recently got accepted by the @RevEconStud. While you may have seen a previous version, the paper has changed a lot over the last three years, becoming more descriptive and more concise.
3:21 PM · Aug 25, 2020
23 Reposts · 141 Likes
Edward Kennedy@edwardhkennedy
Such a fun paper & collaboration: doi.org/10.1214/19-AOS…
In an instrumental var setting, we show how to accurately predict who compliers are, & give tight bds on generalizable effects in identifiable subgroups.
Surprisingly, these properties are orthogonal to IV strength!
2:37 AM · Aug 27, 2020
66 Reposts · 239 Likes
Public goods
Jeremy Bejarano@JeremyBejarano
@VC31415 In case it's useful to anyone, I wrote a Jupyter notebook in which I replicate some examples from Wooldridge's panel data book. I provide side-by-side code in Python (using the statsmodels and linearmodels packages), R, and Stata.
github.com
jmbejara/comp-econ-sp19
3:59 PM · Aug 25, 2020
10 Reposts · 70 Likes
^😍😍😍. See also discussion here
Dina D. Pomeranz@DinaPomeranz
Here is the full set of slides of my presentation at the virtual European Economic Association Congress eeavirtual.org #EEA2020 yesterday with some thoughts about #EconTwitter & how to make use of it
First: what is #EconTwitter & what are some of its characteristics?
1:26 PM · Aug 25, 2020
31 Reposts · 101 Likes
Justin Wolfers@JustinWolfers
So over the summer I’ve been working furiously to put together a slide deck that folks can use to their classes with covid examples, recent economic data and studies, and discussion questions.
Now, it's time to share it. You can download it all here: users.nber.org/~jwolfers/teac…
4:05 PM · Aug 26, 2020
69 Reposts · 254 Likes
Fun
Shengwu Li@ShengwuLi
Here's a game I learned from @ben_golub : Rewrite the abstract of your JMP using only the 1000 most common words in the English language. Here's my attempt. Took lots of tries, since the 1000 words don't include "dominant" or "strategy". splasho.com/upgoer5/ #econtwitter
9:03 PM · Aug 27, 2020
33 Reposts · 367 Likes
^A lot of great replies here!