Best of #econtwitter - Week of December 11, 2022: paper summaries
www.bestofecontwitter.com
Best of #econtwitter - Week of December 11, 2022: paper summaries
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.
A slightly different format this week (also, gmail may cut off the email, and you would need to open in the browser to see all tweets). Feedback, as always, is welcome.
Paper summaries
Everyone is worried about concentration in markets. Is it actually increasing?
As usual for these big macro trends, it depends.
A 🧵 on the recent literature
^recommended
***Updated paper***
How do connections in the labor market shape intergenerational mobility? I shed light on this question by studying one type of connection: jobs obtained at a parent's employer.
🧵 #EconTwitter
matthewstaiger.github.io/matthewstaiger…
^“29% of people work for a parents' employer by age 30”, but careful on the interpretation, it’s a lot of blue-collar work:
Furthermore, young workers in blue-collar industries are most likely to work for a parent’s employer, and these are the same industries where survey data suggests that the use of social contacts in job search is most common. These also tend to be high-paying industries… [5/19]
New paper with @YuTingChiang4
How does the financial sector affect the transmission of monetary and fiscal policy? The question is tightly linked to a crucial market: the liquid asset market.
St. Louis Fed Economic Research @STLFedResearch
🚨New 📜"Superstar Teams"
🔗bit.ly/lbfTeams22
❓Does it matter for the macroeconomy who works with whom?
🔧Model of firm organization + micro data (🇩🇪+🇵🇹)
👉Yes! Importance of coworker interdependencies has ⬆️ & this helps explain⬆️between-firm inequality
👇Summary-🧵
A thread on a new paper just coming out as a @cepr_org Discussion paper “Dynamic identification in VARs” (DP17726, tinyurl.com/narctbbu). It is joint work with my friends Paul Beaudry, Fabrice Collard, Patrick Fève and Alain Guay. 1/6
💡 I've got a new solution concept to show you. (working paper with @shani_cn)
TL;DR: It's {sequential equilibrium} x {cursed equilibrium}.
Creatively titled, Sequential Cursed Equilibrium. 🧵
scholar.harvard.edu/files/shengwu_…
Incredible. Fingerprints on 4000 year old+ pottery used to distinguish male from female potters and uncover changing gender specialization as pottery changed from home production (mostly female) to large-scale production (mostly male.)
Alice Evans @_alice_evans
Another great paper using rideshare data showing the discrimination by the police on stopping non-white drivers.
Novel design where speed, journey, and race are accurately measured.
with @Econ_4_Everyone @pradhiaggarwal
@7hoenix @_ThomasYu et al.
bfi.uchicago.edu/wp-content/upl…
^paper/data look extremely nice, but careful on the interpretation:
New study says Black drivers get 0.7 more speeding citations per century jabberwocking.com/new-study-says…
Do collaborators learn more when they are co-located?
Yes! They are 57% more likely to learn!
In this Research Policy paper, @hyejin_youn & I track the careers of 1.6m #scholars between 1975-2018.
We find the following...
bit.ly/3HdF9W5
🧵1/7
Our paper showing that expanding contraceptive access led to an increase in 'on-time' college completion is out in @Health_Affairs! #EconTwitter
With @sarayeatman @ajeanstevenson @katiegenadek @smollborn Jane Menken
Appendix
You can still watch Argentina in the World Cup and you can also learn about its income distribution! 🧵 on
You can no longer watch Brazil in the World Cup, but you can always learn something new about its income distribution! 🧵on
Delighted that our paper "Offshore tax evasion and wealth inequality: Evidence from a tax amnesty in the Netherlands" with Arjan Lejour, @SimonRabate and Maarten van 't Riet has been accepted by @JPubEcon.
Check it out here: authors.elsevier.com/c/1gCfWAlw9pM-K
💥💥💥NEW WORKING PAPER 💥💥💥
"Coordinated Firm-Level Work Processes and Macroeconomic Resilience"
joint work with Jinfeng Luo, Iourii Manovskii, and @XinchengQiu
A short thread and the link to the paper
wiwi.uni-bonn.de/kuhn/paper/Coo…
@ECON_tribute @EPoS224 @UniBonn 1/n
Does mandating pay transparency reduce the gender wage gap?
YES - per several studies of recent reforms.
BUT - this tends to come about from slower wage growth for men, and *not* boosting wage growth for women. (in Canada, Denmark, and UK).
Important if disappointing results.
Birthe Larsen @BirtheLarsenCph
🚨🥁 New working paper: 🥁🚨
Unconventional Monetary Policy and Labor Demand
(with Andrea Civelli)
dropbox.com/s/d30d2rjc0mby…
Using SMCCF, we find that vacancy postings increased by 19% for A firms, 22% for BBB firms, and 35% for fallen angels. 1/7
I’m very happy that my paper “Corporate Debt Maturity and Investment over the Business Cycle” is forthcoming in the European Economic Review! 1/9
Find the paper here: authors.elsevier.com/a/1gAeY3F~askDm
Today’s registration fees and property taxes encourage driving of polluting vehicles. We collected fee records from state/local governments across the US. Registration fees are highest on new vehicles, which are clean; and lowest on old vehicles, which are dirty.
