Best of #econtwitter - Week of July 10, 2022 [3/3]
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Best of #econtwitter - Week of July 10, 2022 [3/3]
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.
This is part three of three.
Late edition here — this is for the prior week!
Paper summaries
🚨 New WP 🚨 In late 2020 we gave 5,000 low-income US participants $2000, $500, or nothing ($2.5m in transfers), measured survey outcomes, & (for 43%) have access to bank info. What did we find? 1/ (w/ @AniaJaroszewicz, @julianjamison, & Oliver Hauser)
🔓papers.ssrn.com/sol3/papers.cf…
Turning to SURVEY outcomes (financial and psychological well-being, cognitive capacity, health), here comes the big (& based on prediction study, surprising) takeaway: We find NO positive effect of cash—if anything, in some prespecified analyses, we even see negative effects. 6/
^permanent income hypothesis: underrated
DeepMind is getting into mechanism design for public goods provision and I have Thoughts. 🧵
nature.com/articles/s4156…
^🤖s are, slowly, coming for econ…
Interesting paper from @ProfNeilT finding that we've needed exponential computing power improvements to get linear performance improvements in chess, go, weather prediction, and oil exploration: arxiv.org/pdf/2206.14007…
Consistent w/ "ideas getting harder to find" thesis I think?
🚨New paper🚨 with @Nathan_Zorzi
Automation raises productivity but displaces workers and lowers their earnings. When these workers are financially vulnerable, the degree of automation can be excessive.
How should the government respond?
A thread 🧵…1/n @MITEcon #EconTwitter
NBER @nberpubs
Scientific grant applications, are they good or bad? Who knows!?
I wrote a short paper hoping to help this debate just a tiny bit and suggest it's not so obvious
tl;dr -- the effort incentive effect of contests can be a good thing sometimes
arxiv.org/abs/2207.02379
^related: public use and public funding of science; economic societies
What is the causal effect of a change in expected inflation on actual inflation? Which expectations matter most: short- or long-run?
In a new paper I try to address these questions. A link to a very early draft (updates coming soon):
dropbox.com/s/s7jipbmfgew3…
A thread!
More: police responsiveness to women in India; Remittances and Domestic Violence; preferences of US physicians; Migration and Religious Schooling; Intra-bloc tariffs; Brazil Human Capital Review; female leaders; instruments in empirical macro; teacher quality; HHI is endogenous; climate change and mobility; optimal trade sanctions; immunization effects?; children’s human capital development; Italian mobility
Public goods
As part of my PhD, I've spent a lot of time searching for data on corporate income taxes, multinational enterprises, international trade, etc.
I just listed 100+ databases I came across/worked with. I hope it can help! 👇
baptistesouillard.com/resources
📢NEW DATA! Very happy to share the new release of the International Trade and Production Database for Estimation - ITPD-E-R02. Thanks to my co-authors @SergeShikher, Larch, and Borchert and to the USITC!!
Free to download at usitc.gov/data/gravity/i…
Enjoy!
Serge Shikher @SergeShikher
For the past months, we've been working on the development of Registered Reports(RR) in econ journals with @TArpinon @SylvainCF and Marianne.
We contacted hundreds of journals & dozens are discussing it.
Here is the list of econ journals that accept RRs:
^related: JOP now accepting registered reports
Interesting discussions
There is a selection bias generated from the fact that researchers choose to study a topic that causes us to overstate the strength of the evidence in nearly all historical studies and many others.
