Best of #econtwitter - Week of May 30, 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.
This marks the one-year anniversary of the newsletter — thanks for joining for the ride :)
Paper summary threads
Sylvain Chabé-Ferret@SylvainCF
Fascinating!
Publication bias severely biases upward estimates of the capital/labor substitution.
Biased estimate=0.9
Biased corrected estimate=0.3
Huge range of consequences for a lot of theories.
Very very important result and a vindication of meta-analysis tools 👍
Sebastian Gechert @SGechert
See these so-called funnel plots (effect size vs. 1/SE): you can clearly spot that something is missing at negative σ’s. σ<0 do not match any theoretical prediction so it is plausible that authors tend to discard such estimates and search for “acceptable” values. https://t.co/L7flFgl4iY
1:49 PM · May 25, 2021
17 Reposts · 47 Likes
Paul Goldsmith-Pinkham@paulgp
Wow. This is an interesting result from Kleven et al. in the new AER:I
Child penalty for adoptive kids for women is nearly identical for biological kids.
Similar zero effect for men in both cases.
pubs.aeaweb.org/doi/pdfplus/10…
1:26 PM · May 28, 2021
55 Reposts · 220 Likes
Clara Martínez-Toledano@cmtneztt
Given the rise in economic inequalities in the Western world since the 1980s, one might have expected to observe rising political demand for redistribution and the return of class-based politics.
Turns out that is incorrect (or at least more subtle).
A 🧵:
12:51 PM · May 26, 2021
114 Reposts · 342 Likes
Clara Martínez-Toledano@cmtneztt
The most striking result that emerges from our analysis is what we propose to call the transition from “class-based party systems” to “multi-elite party systems”.
12:51 PM · May 26, 2021
12 Reposts · 28 Likes
Alexander Berger@albrgr
Interesting paper finding that polls showing close ballot referenda in Switzerland cause slightly higher voter turnout: davidecantoni.net/pdfs/BCFSY_202…
7:17 PM · May 28, 2021
6 Likes
Jacob Robbins@thesugar
New working paper day! Returning to macro theory with "Old Keynes and New-Fisher: A Model of Animal Spirit Driven Recessions". Why does government spending sometimes have Old Keynesian effects (left panel), and sometimes "Neo-Fisherian" effects (right)? jacobarobbins.com/model_writeup_…
8:09 PM · May 28, 2021
2 Reposts · 3 Likes
Aaron Schwartz@A_Schwa
🚨🚨New Paper Alert🚨🚨
Private health insurers have very different medical necessity policies than Medicare.
25% of Medicare Part B spending would require prior authorization under a private insurer's coverage rules.
THREAD. (1/10)
jamanetwork.com/journals/jama-…
jamanetwork.com
Measuring the Scope of Prior Authorization Policies
4:45 PM · May 28, 2021
49 Reposts · 164 Likes
Frank Schilbach@FrankSchilbach
⏰📢New working paper! ⏰📢
"Learning in the Household" with @JohnConlon7 @malavika_mani @raogautam @matthewridley93
My first-ever 🧵
Paper: economics.mit.edu/files/21115
Slides: economics.mit.edu/files/21517
1/N
6:51 PM · May 25, 2021
47 Reposts · 225 Likes
More: minimum wage and food spend; electricity subsidies; DEX HFTs; credit booms; gender / job search; microcredit GE ; monopsony in Colombia; tbill market; cicadas
Public goods
Jennifer Doleac@jenniferdoleac
So exciting! Check it out. And thanks to all our amazing panelists for their insights.
Criminal Justice Expert Panel @CJExpertPanel
The results of our first survey are up! https://t.co/ClxaK6dF7v
10:29 PM · May 24, 2021
6 Reposts · 15 Likes
^IGM-type survey for criminal justice
Ashvin Gandhi@ashdgandhi
Gary Chamberlain's lecture notes are amazingly insightful. I kept mine from 2013. We used to joke that the first time you read them, they don't make sense. The second time, they start to. And the third time, you see God.
Paul Goldsmith-Pinkham @paulgp
Hi all,
I collected together Gary Chamberlain's (incredible) lecture notes from the course I took from him in 2010 at Harvard and posted them here: https://t.co/6udHHmK5Z8
Very grateful to Gary's family for letting me post these, I hope you find them as inspiring as I did. https://t.co/Wat6WJEEoY
2:51 PM · May 27, 2021
7 Reposts · 67 Likes
Matt Clancy@mattsclancy
Excited to invite all #EconTwitter science fiction fans to a brand new online event:
July 29 at 3pm EST will be the first #EconTwitter Science Fiction Book conversation!
Read on for details. (cc @klakhani @AlexBartik @ash_craig @RyanReedHill @RemyLevin @inaganguli)
5:13 PM · May 27, 2021
27 Reposts · 73 Likes
Livia Terenzi Alfonsi@livia_alfonsi
Hey #econtwitter ! @gaiagdossi and I have put together a (very un-exhaustive) list of best practices for Applied Micro RAs - feel free to use it, share it and contribute! 👇
dropbox.com/s/eej9n1ywknlz…
12:44 PM · May 29, 2021
135 Reposts · 614 Likes
Interesting discussions
Paul Goldsmith-Pinkham@paulgp
What are big questions in your field of economics that you think are worth thinking about for grad students who are about to finish their quals and pivot into full-time research?
1:26 PM · May 26, 2021
40 Reposts · 228 Likes
^Also, a lot of discussion on “what to do summer before grad school”: eg 1, 2, 3, 4, 5
Fabio Ghironi@FabioGhironi
A thread on second- and third-order comments as research killers, related to a recent @bopinion post by @tylercowen. 1/n
12:30 AM · May 28, 2021
177 Reposts · 573 Likes
^other commentary on the Cowen piece: Krugman, Clancy, Doleac
Hans Henrik Sievertsen@hhsievertsen
How much do I (assistant prof in econ) work?
#dataviz #EconTwitter #dataisbeautiful #R
R code is on my github
5:47 PM · May 24, 2021
33 Reposts · 457 Likes
Matt Blackwell@matt_blackwell
One practice that is useful to begin in grad school is empathetic criticism, in which you try to give feedback from the target’s own perspective. Instead of saying X is dumb, try to understand the trade-offs that led the author to choose X and tailor your comments accordingly.
12:57 AM · May 28, 2021
50 Reposts · 414 Likes
Chris Conlon@conlon_chris
We don't really have many successful open-source "projects" in Economics. (ie: teams of people not-necessarily co-authors working to build common infrastructure). Maybe QuantEcon/Dynare are examples -not a coincidence that central bankers can be paid to do much of the work. 1/4
Jimbo Brand @jamesbrandecon
A friend of mine in a health policy field tells me that they have "coding" coauthors sometimes. When I see the amount of coding work for method papers (e.g. DiD stuff by @pedrohcgs and @borusyak), I often wonder why we don't see that form of specialization in econ. 1/
1:52 PM · May 29, 2021
16 Reposts · 89 Likes
Adrien Matray@AdrienMatray
Hi #econtwitter: what good "general audience" books in econ / socio / political sciences would you recommend to good undergrads / PhD students that touches on economic phenomena? Some of personal favorites below (in no particular order)
7:43 PM · May 30, 2021
6 Reposts · 27 Likes