Best of #econtwitter - Week of January 9, 2022 [1/3]
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.
Paper summary threads
The evolution of the price of nails (log scale!) from nber.org/papers/w29617?… (h/t ) Abstract says the rise since 1940s is due to material costs and increasingly specialized nails.
Nail expenditure as a share of GDP - used to be on a par with present day share of household spending on computers!
When the Supreme Court struck down DOMA in 2013, it created a natural experiment to compare immigration policy with & without spousal visas. After DOMA, the number of same-sex couples with "mixed citizenship" (a citizen & a non-citizen partner) increased substantially. 2/10
This paper is super impressive, would love to see it replicated ASAP: nber.org/papers/w29555 Finds that calculating teacher value-added scores with their students’ test scores the year *after* has much more long-term predictive power, correlated with non-cognitive skills.
A bit late on this but extremely grateful and excited to see my job market paper forthcoming at AER. Feel like now’s the time for my first promotional tweet on —A 🧵below:
Forthcoming in the AER: "Selling Consumer Data for Profit: Optimal Market-Segmentation Design and its Consequences" by Kai Hao Yang. https://t.co/0reORcJaju
AEA Journals @AEAjournals
Great summary of a sequence of papers by & on "The Economic Impact of Climate Change over Time and Space", stressing the spatial heterogeneity of the impact of global warming & the role of migration + trade as adaption mechanisms.
New in the NBER Reporter, a review of our research agenda on Climate Change: The Economic Impact of Climate Change over Time and Space https://t.co/dHqtmBV77O
Esteban Rossi-Hansberg @HansbergRossi
Happy to see this in print! Short thread on a paper about the long-run effects of recessions on children's education and income
Banning prospective employers from asking about salary histories increased the share of job ads that listed starting pay and also raised the pay of new hires. and Meng found pay increases were largest for women and non-white workers who changed jobs.
In recent work with and , (yanagizawadrott.com/wp-content/upl…), we look at marches as important propaganda tool -- looking at the rise of the Nazi Party in interwar Germany. Before 1933, the party had no access to radio and used marches
We respectfully disagree with these claims about the degree of consensus in terms of (1) the level of top wealth, (2) the role of aggregate adjustments, and (3) implications for wealth taxation.
New: we dug into the revised estimates of US wealth inequality of Smith @omzidar & Zwick and... they're now very close to Saez-Zucman! * Top 0.1% wealth share rose ~10 points over 1978-2016 * Level of top wealth (hence potential wealth tax revenue) nearly identical today https://t.co/8Wp4wj4Lwb
Gabriel Zucman @gabriel_zucman
🧵: At historical growth rates, it will take >2,000 years for 🇸🇳 Senegal to catch up to 🇫🇷 France's 2019 GDP p.c. How long will it take for developing countries reach rich world income levels? I've built a quick tool to simulate growth scenarios: oliverwkim.com/The-Mountain-T…. 1/N
A little late to the "best of" party, but hey, my kids have been at home sick and we have been busy watching Encanto. #2022. So, 6 days late, here are 10 of my favorite working papers on entrepreneurship from 2021.
^enviro version of this thread here
Tried to do something fun to get myself excited about coding. I really enjoy how Google Scholar does time series for cites for papers and authors. One thing I've always wanted to see is what the within-author breakdown of annual cites by papers is. 1/3