Best of #econtwitter - Week of July 25, 2021
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
![Twitter avatar for @JohnHolbein1](https://substackcdn.com/image/twitter_name/w_96/JohnHolbein1.jpg)
High speed internet increases poorer households' income.
AEJ:Policy: aeaweb.org/articles?id=10…
Ungated: github.com/georgewzuo/geo…
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![Twitter avatar for @btshapir](https://substackcdn.com/image/twitter_name/w_96/btshapir.jpg)
Really proud of this paper. I think the paper has a lot to say about the observed state of the world when it comes to overall TV advertising effectiveness and profitability.
I want to be clear about what the paper doesn't say.
1/
![Twitter avatar for @ecmaEditors](https://substackcdn.com/image/twitter_name/w_40/ecmaEditors.jpg)
econometrica @ecmaEditors
^but “If this is right, why are there all these TV ads?”: Athey; another author
![Twitter avatar for @_LukasFreund_](https://substackcdn.com/image/twitter_name/w_96/_LukasFreund_.jpg)
Interesting new @nberpubs WP by Impink, @andreapratnyc & @raffasadun.
🔢Firm-level communication measures derived from email + meeting metadata.
1⃣ CEO turnover leads to initial ⬇️in intra-firm comm., followed by a ⬆️~5m thereafter.
2⃣ ⬆️driven primarily by vertical comm.
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FE6pMY2EXIAQ1qNi.png)
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![Twitter avatar for @danzeltzer](https://substackcdn.com/image/twitter_name/w_96/danzeltzer.jpg)
We find that when residents of a zip code are first served by an urgent care center, total Medicare spending rises while mortality remains flat. Hospital spending increases the most. 5/
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![Twitter avatar for @maggieshi311](https://substackcdn.com/image/twitter_name/w_96/maggieshi311.jpg)
Hello, #EconTwitter! Excited to share [my first!] Working Paper Thread!🧵👇
In this paper, @talgross, @asacarny, David Silver, and I ask: how do hospitals respond to increases in payment rates?
We find: they increase admissions, reduce length of stay, and increase scale.
1/6
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![Twitter avatar for @DurRobert](https://substackcdn.com/image/twitter_name/w_96/DurRobert.jpg)
People are most likely to switch away from news programs during soft news stories, and least likely during sensational news.
Evidence from minute-by-minute viewership data from 🇮🇹: nber.org/papers/w29020 by Marco Gambaro, @vlarcinese, @ricpuglisi, and James M. Snyder Jr.
2/2
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^one of the authors comments
![Twitter avatar for @PorzioTommaso](https://substackcdn.com/image/twitter_name/w_96/PorzioTommaso.jpg)
To design social insurance, it is useful to know which households have a higher valuation of liquidity: who values an extra 💵 more?
In work in progress, we offer a creative approach to measure it. How?
See it at #NBERSI HF & AG (bit.ly/3wUFzrJ) or read 🧵 👇
1/
![](https://substackcdn.com/image/fetch/w_600,h_314,c_fill,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F332c28c3-0064-41b3-bc5d-1090a3efa6f1_800x450.jpeg)
![Twitter avatar for @JPubEcon](https://substackcdn.com/image/twitter_name/w_96/JPubEcon.jpg)
Who pays for the minimum wage?
In administrative tax data from Israel, lower-income business owners and those with higher shares of minimum wage workers pay the largest shares.
Since these are not the highest-income owners, redistributive effects are limited.
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FE6qfrQcXEAMgWJB.png)
![Twitter avatar for @talgross](https://substackcdn.com/image/twitter_name/w_96/talgross.jpg)
Here's one way to see the key result of the paper: a binned scatterplot. The vertical axis plots hospitals' change in Medicare visits before and after the policy change; the horizontal axis plots hospitals' change in reimbursement.
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^another thread from a coauthor
![Twitter avatar for @Caro_Garriga](https://substackcdn.com/image/twitter_name/w_96/Caro_Garriga.jpg)
Shameless self-promotion: @JPR_journal accepted my article “Central Banks and Civil War Termination”
[paper ➡️papers.ssrn.com/sol3/papers.cf…]
Here's what I found, in 6 tweets:
1/6
![Twitter avatar for @KiraboJackson](https://substackcdn.com/image/twitter_name/w_96/KiraboJackson.jpg)
Revised meta-analysis of school spending effects with
@c_mackevicius. Consistent pos relationship between spending and better outcomes in credibly causal studies. Robust to many modeling decisions, "fixes" for publication bias, and even confounding.
nber.org/papers/w28517
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More: public housing and academic outcomes; racial inequality in mortgage markets; fluoride in water natural experiment; Roman infrastructure persistence; US medical debt stylized facts; theory and empirics; inheritance rights for women and child health
Public goods
![Twitter avatar for @arpitrage](https://substackcdn.com/image/twitter_name/w_96/arpitrage.jpg)
If you're going on the market this fall with a real estate JMP (or something else you think might be relevant to my research) — reach out and we can schedule a quick Zoom call to discuss.
Can't promise to read paper in depth, but happy to chat.
![Twitter avatar for @arpitrage](https://substackcdn.com/image/twitter_name/w_96/arpitrage.jpg)
Here are some other people who have made similar offers. Add your name below as well if you're willing to volunteer.
Finance/IO/Market Design:
![Twitter avatar for @AnthonyLeeZhang](https://substackcdn.com/image/twitter_name/w_40/AnthonyLeeZhang.jpg)
Anthony Lee Zhang @AnthonyLeeZhang
^long thread of extreme generosity
Interesting discussions
![Twitter avatar for @ben_golub](https://substackcdn.com/image/twitter_name/w_96/ben_golub.jpg)
Hidden curriculum observation: audiences are eager to classify "new" ideas as essentially understood or unimportant to conserve their scarce attention. Can seem unfair/ungenerous, and in a way it is! But anyway hit them on the head with why it's new and important.
![Twitter avatar for @causalinf](https://substackcdn.com/image/twitter_name/w_96/causalinf.jpg)
This was my keynote on the hidden curriculum. I focused on mental health and success. I thought it came together. dropbox.com/s/mcvazhmel97h…
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^see also: “Tips for new professors (& students)”
![Twitter avatar for @andreamatranga](https://substackcdn.com/image/twitter_name/w_96/andreamatranga.jpg)
I did a couple of mock interviews for people applying to RA/Economicky type stuff, and just a couple of observations:
![Twitter avatar for @pereztruglia](https://substackcdn.com/image/twitter_name/w_96/pereztruglia.jpg)
(1/11)
Thread about the publication process in Economics. It is inefficient. It probably made sense pre-Internet, but it is clearly antiquated by now.
It may not be the best solution, but I have a proposal. And I'm curious to hear other proposals from #EconTwitter