Best of #econtwitter - Week of August 14, 2022 [1/2]
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.
This is part one of two.
Paper summaries
@MiguelMadeira11 @bo_austin_ Government reforms in various European countries (mostly raising minimum dropout ages) that resulted in ~ half a year of extra schooling led to substantial changes in immigration attitudes decades later.
cambridge.org/core/journals/…
Did living standards stagnate in Europe pre-1800? Did international trade only matter from 1850 onwards? A decade ago, Jonathan Hersh @DogmaticPrior and I set out to find out. As Europeans crossed the Atlantic and rounded the Cape of Good Hope #EconTwitter
In a NEW PAPER for Explorations in Economic History (w/ @essobecker & S Mukand) we (a) survey the growing literature on persecution & genocide & (b) present a conceptual framework linking the intensity of persecution w/ ‘exit’ options of the persecuted
doi.org/10.1016/j.eeh.…
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New paper alert! New research with Mike Lovenheim (I know - second week in a row!), @kevin_stange and @Rodprime on the returns to college major. 🧵follows.
nber.org/papers/w30331
Fascinating picture of the increase in stockouts over the last 8 months (this is products that are temporarily unavailable or an unusual increase in permanently discontinued ones). From @albertocavallo & Oleksiy Kryvtsov, updated from their research paper. hbs.edu/ris/Publicatio…
^measuring price indices correctly is hard
New @RWI_Leibniz_en DP, joint with N Fiala, F Aryemo & @Rose__Julian. A 12-years follow-up on randomized unconditional cash grants in Uganda, provided to young entrepreneurs in 2008. Data collection in the middle of 2020 COVID crisis. Comments welcome! bit.ly/3SLLPhz 1/4
What's the cost of Market Making to Liquidity Providers (LPs)? In a new paper with @ciamac @Tim_Roughgarden @AnthonyLeeZhang we propose a quantitative and rigorous answer: LVR ("loss versus rebalancing," pronounced "lever"): moallemi.com/ciamac/papers/… Details 👇 1/n
In our paper on Decentralized Governance of Stablecoins, we modeled the principal-agent problem between governance layers and users of DeFi protocols.
👉 arxiv.org/abs/2109.08939
This work was presented by @Mads_Rude_Wind and Frederik Münter the other week at MARBLE.
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Releasing a new paper a long time in the making: "Do Investors Hedge Against Physical Disaster Risk?
Option-Implied Risk Aversion to Wildfires" A thread 1/n (link temporary until final pdf approved) papers.ssrn.com/sol3/papers.cf…
How does local political control affect a state's implementation of federal environmental policy?
Based on a close-election RD, Republican govs invest 90% less capital in the most effective NOX abatement.
Benefit-cost ratios are smaller than for other air pollution abatements
Public goods
Hi #EconTwitter!
Now that in-person conferences are a thing again, @bartonwillage and I wanted to announce that our 2023 list of economics conferences is available.
See bartonwillage.com (Conference List) and annemburton.com (Economics Conferences)
1/4
I'm happy to announce that my site now has FBI NIBRS data available for all agencies, all years, all crimes, most variables, at both yearly and monthly units.
It's amazing what can be accomplished using public data, a team of 1, and a budget of $0.
Interesting discussions
I always wanted to create illustrations for my research papers, but I have no artistic skills whatsoever. Thanks to @OpenAI, that’s no longer a problem.
I had a blast creating with DALLE, and I encourage you to try it too.
My favorite creations below 👇
#EconTwitter
Wanted to dip my toes into some thoughts about balancing work + family as I come up on year 4 of my little family; I won't call them tips b/c I hesitate to advise others, but a #EconTwitter 🧵 of my experiences!
