Welcome readers old and new to this week’s edition of the Best of Econtwitter newsletter. Please submit suggestions — very much including your own work! — over email or on Twitter @just_economics.
The job market
^heartfelt thread that I am glad to have stumbled across (5 likes!). The academic job market experience sucks (even when it goes well)
(though it’s hard for me to put my finger on why, by all accounts including my own, “the JM” is a worse experience than the experience of searching for a job in the private sector… in the PhD, you undertook a risky 4-to-7+-year investment whose outcome is a noisy random variable; and on the market you finally get to observe the realized value — that is just inherently painful?)
From the archives:
Returning to the more recent thread:
^it was linked last week but again that substack link is here
^lmfao
Good tweets
^file under: speculative
^Dietz Vollrath had a comment in a 2014 blog post that has stuck with me:
Through some historical inertia in the profession, we call this research ''development economics''. But I think that this type of research is more properly called ''poverty economics'', the study of individuals living in particularly poor, under-developed countries. Duflo and Banerjee's 2011 book is actually called Poor Economics
Public goods
Charts
^no idea if this is accurate but interesting-if-true
^I’d have to look at the underlying paper more closely, but some back-and-forth questioning the methodology here
^link
^very interested if anyone has thoughts on the best explanation. Is this because of tariffs and/or fiscal policy…?, perhaps related:
Numbers, not charts:
Fin
^the newsletter has linked before to the excellent Syverson (2019) JEP on this point
Thanks again for the shout-out!
The Twitter algorithm works hard against those without blue check marks. It's much different than it was a few years ago. I just hope the thread helped someone along the way. I'm glad you appreciated it!