Best of #econtwitter - Week of December 25, 2022
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Best of #econtwitter - Week of December 25, 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
Reading the new paper by @joachim_voth, Caprettini, and Trew, which shows that labor scarcity driven by military recruitment during the Napoleonic Wars led to greater adoption of labor-saving machines.
^adjacent: “Broadberry's latest working paper on long-run British economic growth”; and “the contribution of international trade to the rise of the British fiscal-military state”
Wanted to do a short 🧵on this interesting paper that popped up on #EconTwitter yesterday (h/t @jenniferdoleac
@AmandaYAgan) on the effect of including lower-ranked pubs on a cv. PSA: also now cross-posting on elephant site, user name in profile if you prefer to read there
The core idea is comparison across 4 cvs: one w/top 5s; one w/top 5s + other lower-ranked journals; one w/o top 5s but w/other general interest journals; one w/other general interest journals + lower ranked journals. Here's the key conclusion
^one possible(?) limitation. This is from a survey experiment
Now published in Research Policy:
I looked at 27k postdoc salaries across the US, their relationship to cost of living, tenure-track job prospects, and how things have been changing over time. Here's what I found:
doi.org/10.1016/j.resp…
📢New Paper📢
"The Regional Keynesian Cross"
- with @m_bellifemine and @AdriCouturier
How does monetary policy operate across regions? We provide a theoretical and empirical investigation.
Link:
users.ox.ac.uk/~econ0628/Regi…
A thread🧵1/N #EconTwitter
Today Omer Tamuz explained a cool, new result in voting theory to me. You remember Arrow's Theorem, which says that it's hard to have "good" voting rules for more than 3 alternatives. The optimistic cousin of this result, maybe less known, is May's Theorem. 1/
^from 2019, but
1/ On their first day of work abroad, hundreds of Filipino domestic workers presented their new employer in Saudi Arabia and Hong Honk with a small pack of dried mango and a photo of their family. Guess what happened next.
A🧵on our new working paper: bristol.ac.uk/efm/media/work…
📯New Paper Alert!📯
Together with my amazing coauthors, we have reconstructed household wealth in the Netherlands since 1854, as well as charted its composition and distribution. Thread 1/
Thomas Piketty @PikettyLeMonde
These are 10 of my favourite #UrbanEconomics articles published in 2022, in alphabetical order by author, continuing with a tradition from the last few years
More: gender pay gap; asset pricing theory and stock predictability; income dynamics in Italy; inattention in consumer demand; public investment in a production network
Interesting discussions
^see replies. More threads like this thanks
Researchers at the BLS and Cleveland Fed released a data series today that might be the single most important new inflation indicator—and I don't say that lightly.
Introducing the New Tenant Repeat Rent Index—a new way of tracking housing inflation 🧵
^file under: empirically measuring inflation is always even more complicated than you think
