Best of #econtwitter - Week of May 24, 2020
Welcome to this week’s edition of the Best of Econtwitter. Recommendations always welcome over email or on Twitter @just_economics.
New papers
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Persistent Effects of Violent Media Content
by me + @IsaacDSwensen + @GlenWaddell
Interested in crime, violence, or media? Or the weird reason this may be my favorite paper I've written? Or a surprising (to me) econometric result? Read on.
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In our paper, @LHSummers and I argue that the *decline in worker power* is behind many of the major trends that have shaped the American economy in recent decades [1/N]
(WP out w/ @nberpubs and presented at @BrookingsEcon Spring 2020 BPEA. Ungated link scholar.harvard.edu/stansbury/rese…)
NBER @nberpubs
Out today in NBER working papers, my paper "Collateralized Marriage" w/ Jeanne Lafortune. We put forth a model where wealth creates a stronger and more advantageous marriage contract by providing, essentially, divorce insurance to the lower earning partner
Do environmental markets create environmental injustice?
Our new NBER working paper explores this question in the case of California’s carbon market (AB 32).
Link: nber.org/papers/w27205
A thread 1/9
NBER @nberpubs
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Joint work with Pawel Doligalski and @nicolas_werquin "Redistribution with Performance Pay", an expository thread. 1/n
Prior to COVID-19, I was supposed to be presenting some early stage research this weekend at the @ClioSociety conference on the the impact of police bargaining rights on killings of civilians by race. I don't normally discuss early stage research, but it feels appropriate today.
Summaries of older papers
Thread on "In Search of the Origins of Financial Fluctuations" by @xgabaix and @rkoijen. One of the most exciting agendas in asset pricing. See video (youtube.com/watch?v=OQnHos…). They estimate $1b investment in market -> $10b increase in price. How? 1/
💡Econometrics Tread💡Identification, Inference and Sensitivity Analysis for Causal Mediation Effects by Imai, Keele and Yamamoto (IKY, 2010, bit.ly/3emZ4Ag)
Mediation analysis decomposes a treatment effect in different causal mechanisms.
Public goods
n/a
Announcements
If you are interested in urban and spatial economics, these urban economics association lectures are open to all: urbaneconomics.org/meetings/lectu…. Should be fun!
Final reminder: register by tomorrow night for AREUEA virtual conference: cvent.me/xq3m9q. It’s free, and the presentations are going to be great. Details in thread.
#EconTwitter #HousingTwitter 1/9
Miscellaneous
Proud and happy to announce that Béatrice Cherrier @Undercoverhist and Pauline Rossi will be joining us next September!
@CrestUmr @IPParisEco
Great news for @northwesterncs and @NUEconomics! Welcome to Northwestern, @ben_golub and Annie Liang! The new chapter of CS+Econ at @NorthwesternU is beginning.
Northwestern University Computer Science @northwesterncs
On December 6 1916, the evening before his examination on the theory of heat, Kiev polytechnical institute student Jacob Marschak was thrown in jail
He was 18
(I don’t know if the night was dark and foggy)
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Matthew Zeitlin @MattZeitlin