Best of #econtwitter - Week of January 23, 2022 [1/2]
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Best of #econtwitter - Week of January 23, 2022 [1/2]
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 one of two. Part two is here.
Paper summary threads
Very excited to share this new paper with the fantastic @ZiYangKang, out on NBER today.
Thread 👇 with an overview.
nber.org/papers/w29656
New working paper w/@metrics52, @prof_parag, & @c_r_walt: "Race and the Mismeasure of School Quality"
dropbox.com/s/ba8ziznpeo72…
We use IV + centralized assignment data to study the relationship between school value-added, student race, and school performance ratings
A short 🧵:
Our paper "Divergent: The Time Path of Legacy and Athlete Admissions at Harvard" is now forthcoming at @J_HumanResource. We show that legacies and athletes (LA’s) saw their Harvard admission bonus *more than double* from 1996-2013 (Classes of 2000-2017).
Studying economics reduces the risk of getting into financial problems:
🔹risk of loan default is 50% lower in the long run
🔹reduction is associated with change in financial behavior, not with change in income
Causal evidence from 🇩🇰: econ.ku.dk/cebi/publikati… by @KBHvidberg
My paper with Scott Adams on the effect of Breakfast After the Bell (BATB) on elementary school childrens' weight and achievement outcomes is published at Economics of Education Review sciencedirect.com/science/articl…
#BreakfastAfterTheBell
1⃣ Happy to see my JMP online! An old puzzle about entrepreneurs is that they do not earn much more than in salaried employment, despite taking much more risk. Economists have traditionally explained this puzzle by the enjoyment of being your own boss. sciencedirect.com/science/articl…
Russian military threat caused a large and persistent increase in:
🔹common EU identity
🔹trust in the EU
🔹support for common defence and foreign policies
🔹support for EU enlargement
Evidence from the Crimea crisis in 2014: doi.org/10.1093/ej/uea… by @KaiGehring1
Dopo la penetrazione della banda larga, la partecipazione civica e politica sono diminuite sistematicamente con la prossimità degli utenti ai nodi della rete, cioè con la qualità della connessione.
14/20
Inflation made a comeback. Many criticized the Fed for tolerating high inflation
The Fed defended loose policy by emphasizing temporary supply shortages
In a new paper with Caballero, we analyze the OPTIMAL monetary policy with temporary supply shocks
1/
dropbox.com/s/x2i8a1o26ql6…
Interesting discussions
Working with undergraduate RAs like Sarah is one of the highlights of my job @BrownUniversity.
Here are some of the things I've found work best (for me) when running a large undergraduate research lab.
🧵
Shout-out to my amazing team:
scholar.harvard.edu/mkraft/researc…
Sarah Novicoff @SNovicoff
What are your favorite examples of policy ideas that sound good and people seem to really like, but which almost certainly won't work because of an endogenous strategic response? (Other than all counterterrorism and policing ideas.)
@ethanbdm When we piloted a public lottery to evaluate cash transfers in Liberia, the potential recipients arranged beforehand to insure one another. After the randomization and grant, the winners compensated the losers and unraveled the field experiment.
There is a general problem in behavioral economics that information often doesn't change behavior much even in situations where people are making outright mistakes. There are several reasons why.
Zachary Liscow @ZLiscow
^interesting replies (as always for most of the tweets in this weekly section)
Imagine if you could *QUADRUPLE* the impact of an intervention
That's what authors 👇 did by running a set of quick iterative experiments that build on each other
These seem a lot better than one-off RCTs
I've seen more of this recently & look forward to seeing even more! 🧵👇
Gabriel Demombynes @gdemom
