Best of #econtwitter - Week of July 24, 2022 [4/4]
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Best of #econtwitter - Week of July 24, 2022 [4/4]
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 four of four.
Paper summaries
Over the last decades, many asset valuations have gone through the roof. This had large effects on the distribution of wealth.
But what does it mean for welfare? Was this a huge shift of resources toward the wealthy? Or just welfare-irrelevant "paper gains"?
🧵 on a new paper:
Hi #EconTwitter, today I am excited to share this new paper with the great @ArthurGzouic, Emeric Henry and @MalgouyresClme1
🔗 longtermproductivity.com/perso/bghm_mai…
If you are interested in the links between public and private research, see the short summary below ⤵️
Listening in on stream of @nber science of science today just to learn b/c I think it's a fascinating area of research (though not mine) so going to do some quick one-tweet summaries of papers #EconTwitter
Third: (happy to see China pop up!): Jia Roberts Wang + Yang analyze effect of USG investigations into China-connected scientists: find US scientists working w/Chinese scientists ⬇ productivity, citations. Cool graphs - capturing volume of work w/Chinese collaborators
Authors also supplement empirical analysis w/some interviews of key scientists. Will interrupt my recapping to also plug this excellent new yorker article on same topic (and here's a graph of the key productivity effect!)
newyorker.com/news/news-desk…
Universities' adoption of BITNET, an early version of the internet, increased patenting (especially for patents related to science).
This effect is driven by increased collaboration in novel teams across newly connected universities.
1/ Recently finished "The Genesis of Technoscientific Revolutions" by Narayanmurti and Tsao.
The book lives up to its grand name! It feels like a (fuzzy) image of the elephant that is "how research works" where everybody else is feeling a snake or a tree.
BOOK REPORT THREAD🧵
Big impact of a 1993 FDA policy change on drug development for women: uchicago.app.box.com/s/yuljg219q3ar…
Three years ago, I was presenting new work on Concentrated Labor Markets. Then a pandemic happened.
Finally, today Matt Dey and I have posted our full working paper, “Some Facts about Concentrated Labor Markets in the United States” bls.gov/osmr/research-… 1/14
Elizabeth Weber Handwerker @ElizWebHand
Can't believe this paper is finally out!😍 It has been six years in the works - almost spanning my entire career😅 Phew.
What did we do? Why did it take so long? And is it worth the read? 🙏A personal (long) thread below👇🧵 1/10
The Review of Economic Studies @RevEconStudies
New working paper about ghost firms!
While this sounds like Halloween, it's actually about a sophisticated form of tax evasion common in many countries: use of fake receipt from fake firms, with which firms claim false deductions to lower their taxes.
Short summary thread:
1/n
NBER @nberpubs
^more on tax avoidance
Absolutely incredible paper presented at the @StiglerCenter's Political Economy of Finance conference in Chicago this weekend, by @NicolaLimodio.
Takeaway: fluctuations in the international price of silver can predict the probability of terrorist attacks!
(1/9)
More: US vs JP misallocation; UK wealth inequality; employer-sponsored health insurance; discount rate variation and unemployment; cars; bikes; privacy protection and data accuracy; international migration restrictions and shocks; Inmate Assistance Programs
Interesting discussions
“Today, a scientist who submits a study to Nature or PNAS, can expect to be published nine months later on average. In the top economics journals, the process takes even longer – a staggering 34 months, or almost three years.”
We can fix this. Here's how: worksinprogress.co/issue/real-pee…
Research involves a *lot* of admin costs that reduce scientific productivity. Here are 8 ways to reduce this (especially in economics), with little cost to journals or grantors. We should pressure organization to make these changes....
^recommended
