Best of #econtwitter - Week of February 20, 2022 [3/3]
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 three of three. Part one is here and part two is here.
Paper summary threads
Jura Liaukonyte@JuraWho
1/ Is more privacy always better in digital advertising ecosystems?
Evidence is rapidly accumulating, suggesting that stricter privacy controls exacerbate inequality between large and small businesses.
Quick thread on recent papers that highlight this asymmetry
2:59 PM · Feb 19, 2022
60 Reposts · 213 Likes
Robert Dur@DurRobert
Change in a country’s leadership:
🔹improves economic performance
🔹increases the human development index
🔹reduces corruption
Causal evidence from close national elections: vincentpons.org/electoral-turn… by @benjaminmarx, @VinPons, and @vincent_rollet
3:25 PM · Feb 18, 2022
27 Reposts · 87 Likes
(((David Shor)))@davidshor
Some below the fold findings in the paper:
1: Re-election rates for incumbents have plummeted, particularly in the developed world
2: RDD analysis of a large sample of close elections find null results for left vs right wins on macro indicators, but illiberalism hurts growth
Matt Grossmann @MattGrossmann
Governing parties losing elections (electoral turnover) increases national economic performance, trade, human development, conflict, & democracy; it leads to policy change, better governance, & less corruption; close-elections regression discontinuity
https://t.co/zIz0hn3YE8
1:19 PM · Feb 21, 2022
7 Reposts · 64 Likes
Alex Domash@asdomash
🚨 New Working Paper 🚨 #EconTwitter
Excited to share our new NBER working paper, "How Tight are U.S. Labor Markets?" joint with @LHSummers
Q: How tight are labor markets?
Short answer: Extraordinarily tight.
A 🧵 on our findings (1/n):
(WP here: nber.org/system/files/w…)
8:35 PM · Feb 14, 2022
20 Reposts · 61 Likes
João B. Duarte@JoaoBDuart3
I am beyond thrilled to have our paper One Money, Many Markets, with @gc422 and Samuel Mann, published in the JEEA February issue.
How heterogenous is the transmission of monetary policy shocks across EA countries? 🧵
#EconTwitter @JEEA_News @EEANews
academic.oup.com/jeea/article-a…
academic.oup.com
One Money, Many Markets
9:49 AM · Feb 17, 2022
15 Reposts · 84 Likes
Peter Andre@ptr_andre
People's economic expectations differ substantially. Why? We explore whether they disagree about *how the economy works*.
A 🧵 on "Subjective Models of the Macroeconomy".
Now forthcoming in @RevEconStudies 🥳 w/ Carlo Pizzinelli, @cp_roth, @JoWohlfart.
restud.com/paper/subjecti…
3:18 PM · Feb 16, 2022
60 Reposts · 259 Likes
^“majority of people think that higher interest rates lead to higher inflation, not lower”
Lukas Freund@_LukasFreund_
@kmdonovan3, Lu, and Schoellman (2022)'s new📜 "Labor Market Dynamics and Development" provides systematic evidence on how labor market dynamics vary with econ development, based on a new set of harmonized microdata. Fascinating!
🔗 bit.ly/3uUXLEm
👇 mini-🧵
7:37 PM · Feb 18, 2022
1 Repost · 3 Likes
Jake M. Grumbach@JakeMGrumbach
Super interesting paper. Negative relationships between ethnoracial diversity & public goods are usually interpreted as Alesina-Glaeser style fractionalization. But case of Afro-Brazilians strategically moving to avoid the racist Brazilian state shows demography can be endogenous
Alexander Kustov @akoustov
🚨 Does ethnic diversity undermine public goods? 🚨
In a new @World_Pol article w @giu_pardelli, we challenge the very premise of this Q by looking at how state development itself has been historically shaping racial demography in Brazil
https://t.co/KWnovAZix7
#polisciresearch https://t.co/oXZhY6IRU4
10:58 PM · Feb 15, 2022
13 Reposts · 61 Likes
Christopher Clarke@EconChrisClarke
Tea consumption saved lives in 18th century England.
@FranciscaAntman
#tea #water #clean #cleanwater #humanity #economy #econtwitter #science #research #history #health
8:35 PM · Feb 19, 2022
19 Reposts · 77 Likes
^when do we get the “Best of #econtok” newsletter
More: rent control; shipping costs; buy now pay later; startup preferred vs common shares; work-study program; how workers and firms match; valuing water quality; teen pregnancy prevention eval; admin databases
Interesting discussions
EconTheoryGroup@CaltechEconThry
What's an econ theory fad from the past that has zero impact on what people do today?
4:10 PM · Feb 16, 2022
6 Reposts · 32 Likes
Ben Golub@ben_golub
Interesting by @BrianCAlbrecht but I don't think it's even true in micro - a lot of matching/market design results on stability are GE ideas applied "in partial equilibrium" -- i.e. in one market being designed
1/
3:13 AM · Feb 17, 2022
6 Reposts · 53 Likes
Ellicott Matthay@EMatthay
There's been lots of progress on diff-in-diff in the econometrics lit in the last 5 years. Lots to keep up with. Here are the resources I've found most accessible. 🧵👇
7:50 PM · Feb 16, 2022
219 Reposts · 1.22K Likes
Chris Blattman@cblatts
I was wondering about this the other day. “Private sector offers” is plausible reason for high econ salaries, but I haven’t seen any evidence. Plus I’m skeptical it could move the median wage so much. I see some alternative hypotheses.
Ben Golub @ben_golub
a definite economics understander 🤣 https://t.co/WAhLLj3oAK
2:06 AM · Feb 18, 2022
2 Reposts · 32 Likes
Erika McEntarfer@ErikaMcentarfer
@UpdatedPriors @cblatts What has changed recently is tech jobs are attracting top candidates, directly competing for the best students on the market. That's a real shift in the data in the last 10 years. Anecdotally, it wasn't that long ago Amazon was poaching Census staff, not MIT grads.
3:13 PM · Feb 18, 2022
1 Like
Erika McEntarfer@ErikaMcentarfer
@judy_chevalier @J2dubyas I've watched HR staff evolve from 'I don't understand why economists here are paid so much to 'I don't understand how we manage to hire any economists at all given their outside options' in the course of one junior job market cycle.
6:11 PM · Feb 18, 2022
5 Likes
^🤔