Best of #econtwitter - Week of July 3, 2022 [2/3]
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 two of three.
Recently asked Powell which vacancy-to-unemployment ratio the Fed might target. Powell responded that the Fed doesn't have a goal in mind. This new paper (w/ Saez) shows that a vacancy-to-unemployment ratio of 1 is what the Fed should target: arxiv.org/abs/2206.13012
Using two eligibility thresholds in the Armed Forces Qualification Test (AFQT) in an RD design, we find that enlistees experience increases in average annual earnings at both cutoffs. 2/9
But long-run returns to service vary significantly by race. Black servicemembers experience annual gains of $5,500 at the 31 AFQT cutoff and $15,000 at the 50 AFQT cutoff 11-19 years after applying. Service also increases homeownership and, at the lower cutoff, marriage. 3/9
Zoning reform is pro-natal policy "We find a significant negative relationship between land use restrictions and fertility rates across all measures and geographies."
Every now & then I come across a beautiful paper that makes me answer the question "Is this economics?" with an emphatic YES. The debutante season was disrupted in 1861-63 by Queen Victoria's mourning. This led to less assortative matching & reduced aristocratic power.
Who are the largest shareholders of America's largest firms? You think you know? Are you sure? New paper dropped -- shows to which extent it's Mavericks vs "universal owners" vs "common owners". 🧵1/n
First, we document the extent to which fertility preferences are misaligned between women & their mothers-in-law (MILs). On average, a MIL wants her daughter-in-law (DIL) to have 0.9 more children & 1.4 more sons than the DIL wants to have.
12yrs ago we published paper showing 's small incentives sharply increased immunization in India. But it was hard to scale. Its been long road but new paper with Sara Abdullah & EDuflo gives a road map to scale 1/n
🗣️NEW Research: A randomised controlled trial of mobile conditional cash transfers to improve routine childhood immunisation coverage and timeliness in Pakistan The findings make a strong case for implementation Read more: https://t.co/oIiu2JMRvb https://t.co/Yt0j8P6ZWB
eClinicalMedicine – The Lancet Discovery Science @eClinicalMed
Very helpful slides: "Tips for Doing Better Field Experiments and Getting Your Work Published" by from AFE: s3.amazonaws.com/fieldexperimen… Should be helpful to improve your work & change the way you design, examine, interpret & write up future studies.
It's such an interesting tradition that mathematics courses are performed each time they are taught, with teachers writing out and thinking through the same things on a chalkboard, year after year. And also that it's not easy to find a better way to do it.
^lots of replies
The AEA is now recommending that all interviews be held virtually for the New Orleans meetings, both due to covid and to "promote equity." I think this is a reasonable compromise on all fronts and I'm grateful to the organization for providing this guidance.
W/o AEA interview commitment, market unravels. Already happening with Euro & mgmt dept exploding offers. Simple fix: public letter from 100s of chairs supporting reneging on offers exploding before Jan 31. Also suspect virtual is less "inclusive" - hate this language w/o evidence
With the goal of creating a fair and inclusive job market, the AEA is asking employers to consider following a specific timeline for interviews and flyouts for the upcoming job cycle. More info can be found here: https://t.co/Ue8s94fCdG
AEA Information @AEAInformation
The boundaries of the Federal Reserve districts are *not* the same today as they were in 1914. And shockingly (to literally only me) the Fed hasn’t documented these changes in a single place. So here I present 5 major changes of the past century 🔎🗺️ 1/17
I've been working with to create a tool that examines your gmail/google workspace data & generates a report with insights into how you work, collaborate & spend your time. If you'd like to try it out, sign up here: docs.google.com/forms/d/e/1FAI… RTs appreciated!