Best of #econtwitter - Week of July 26, 2020
Welcome to this week’s edition of the Best of Econtwitter. Recommendations always welcome over email or on Twitter @just_economics.
We've updated our working paper "Why Have College Graduation Rates Increased?" with and two new coauthors and We have added some evidence on why GPAs are increasing edworkingpapers.com/ai20-77
In a new NBER WP out today, and I estimate that investment in tax compliance can generate over $1T in the next decade. NBER: nber.org/papers/w27571.… A version is also out in Tax Notes today: taxnotes.com/tax-notes-toda…
New paper alert! 🚨🎉 Fight fire with finance: a randomized field experiment to curtail land-clearing fire in Indonesia w/ Wally Falcon, Grace Hadiwidjaja, Matt Higgins, Roz Naylor and Sudarno Sumarto Paper: bit.ly/30ATmWc
(1/9) How to make a more equitable globalization? The tax system is essential. Of late, the labor share of income has fallen, yet capital is difficult to tax due to its international mobility. In a new draft, , Emmanuel Saez and I propose a coordinated minimum tax.
The impact of the Covid-19 recession on women's employment is unlike any other in history. In a new paper with , , and , we explore what this implies for the recession, the recovery, and gender equality. faculty.wcas.northwestern.edu/~mdo738/resear… (thread)
Q: Why is rent so high? (median US renter paid 14% of income for rent in 1960, 24% by 2017.) That’s the topic of my new paper with alum Alanna Williams, presented this morning . Want the answer (or at least a partial one)? Follow along! (1/11)
(1/7)I'm going to take this Tweet as the taking off point to Tweet out my new-and-improved (and should be accepted "as is") paper on the dynamics of lending standards with and Mike Fishman. Link: s3.amazonaws.com/mitsloan-php/w…
And if anything, we probably understate limits on refi right now because we don't have tightening lending standards, delays in underwriting, and inability to refi due to huge unemployment spike. cc: @MortenORavn @SorryToBeKurt @RalphLuet @stef_alba @pilossopher @claudia_sahm
Joe Vavra @JoeVavra
Summaries of existing papers
Thanks to NBER SI, a lot of these this week:
This paper is so interesting, and it's going to make (some) people mad. There was a great chart in the presentation—doesn't appear to be in the current paper draft—on what a small sliver of overall earnings medical school tuition is (2%). conference.nber.org/conf_papers/f1…
This is an excellent descriptive paper with fascinating new data. It raises many questions. In my view, the foremost among them is -- what bad stuff, if anything, might happen if we pay physicians less?
Jason Abaluck @Jabaluck
A classic question in development economics is whether (and what types of) poverty traps exist. This new paper by Balboni, , Burgess, , finds evidence for poverty traps in Bangladesh. Let me try to explain... [1/N] dropbox.com/s/4tfuhclfvh6y…
In my overview of poverty traps with Aart Kraay in JEP aeaweb.org/articles?id=10… we argue that poverty traps are geographic - work and others found poverty traps for really poor people in remote places where cows are main production. 4/n
Why do innovations often come from startups rather than more established firms? Our current faculty Vijay Krishna & former PhD student Yu Awaya [now Rochester faculty] explain in their paper, "Startups and Upstarts", forthcoming in the JPE. Link: drive.google.com/file/d/1L-u4TC… 1/4
Nice new comprehensive land price data from FHFA team and Larson, Shui, Davis, Oliner: fhfa.gov/PolicyPrograms…
Also, if you want to play with the data on mean physician earnings by CZ and specialty that Josh mentioned, you can download them here:
Looks like really cool data on mapping farms in case someone thinks of some good use cases.
First public project we did at team Unfolded in collaboration w/ @Indigoag. Mapping 8 million farm fields with H3-based vector tiles, visualized in https://t.co/SqbQgo2asx, and published by Unfolded studio! More to come at https://t.co/A9HZuJczqe --> https://t.co/1pHG6y4uom <-- https://t.co/HSblr9rjJY
Shan He @heshan_cheri