Best of #econtwitter - Week of November 1, 2020
Welcome readers old and new to this week’s edition of the Best of Econtwitter. Thanks to those sharing suggestions, over email or on Twitter @just_economics.
Paper summaries
Pavel Bacherikov@pbacherikov
Fascinating finding: long-term (~600 years!) intergenerational earnings elasticity is about 0.04. Italy is probably the only country in Europe that allows for this kind of exercise due to a large number of unique last names and their (relatively stable) geographic distribution.
The Review of Economic Studies @RevEconStud
Intergenerational mobility in the very long run: Florence 1427-2011
https://t.co/K4RcTAa5W8
Guglielmo Barone, University of Padua and Sauro Mocetti, Bank of Italy
#economics https://t.co/jzIciFPOfO
10:19 PM · Oct 25, 2020
1 Repost · 12 Likes
Timothy Layton@timothyjlayton
Here's the money graph.
In it we plot prescription fills around payday for people about to receive their checks relative to fills for people who won't receive their checks for 2 weeks.
Red = ppl paying $2-5 copays per script
Blue = ppl whose copays are fully subsidized
1:19 PM · Oct 26, 2020
2 Reposts · 19 Likes
Robert Dur@DurRobert
A big part of the remaining gender gap in earnings can be accounted for by the differential impacts of parenthood on the careers of women and men.
nber.org/papers/w27980 by Patricia Cortés and Jessica Pan @jesspan13
12:05 PM · Oct 26, 2020
47 Reposts · 167 Likes
Yesim Orhun@yesimorhun
At a top business school, women receive lower grades in quantitative courses compared to men who have similar academic aptitudes, GPAs, family backgrounds, and demographics as captured by their college applications.
This gap closes if the instructor is female.
New paper 🧵
7:13 PM · Oct 26, 2020
279 Reposts · 963 Likes
Jordan Richmond@j_w_richmond
Using a diff-in-diff, I find firms responded to AMTBIA87 by engaging in earnings management and tax sheltering behavior to reduce their book incomes. My estimates correspond to an elasticity of book income wrt the net of tax rate of 3.8 over 3yrs, and 3.2 over 6yrs.
9:23 PM · Oct 27, 2020
1 Like
Chris Conlon@conlon_chris
So @nirupama_rao and I are finally in print. We look at why alcohol taxes are often "overshifted" so that $1 of tax leads to >$1 of price increase. Originally we thought PTR > 1 was an artifact of limited data from some weird tax increases in the 90's (Alaska?) ... 1/9
AEA Journals @AEAjournals
The November 2020 issue of AEJ: Economic Policy (12, 4) is now available online at https://t.co/CKBmJWhRb5.
2:01 PM · Oct 30, 2020
28 Reposts · 120 Likes
Lukas Freund@_LukasFreund_
👇Very interesting research by @noriko_amanopat (@CamEcon).
Estimates that a 45%⏫in the budget of the lowest quintile of the US income dist. would make them divert part of their expenditure from unhealthy to healthy products, closing the gap w.r.t. higher income hhds. by ~40%
Cambridge-INET @CambridgeINET
❓What explains sizeable disparities in nutrition quality between low- and high-income households?
📃 "Nutritional Inequality: The Role of Prices, Income, and Preferences" by @noriko_amanopat
🔢 Rich home-scanner data & structural model
🔗https://t.co/Z3hhbCiCNk
👇Learn more
3:39 PM · Oct 30, 2020
3 Likes
Peter Karadi@peterkaradi
Happy to share that our new paper 'Measuring Price Selection in Microdata - It's Not There' with Raphael Schoenle and @JesseWursten is out as a @cepr_org discussion paper. What did we learn about the flexibility of the price level? A tread. cepr.org/active/publica…
12:22 PM · Oct 31, 2020
18 Reposts · 89 Likes
Ambrogio Cesa-Bianchi@AmbrogioCB
🚨 New paper alert 🚨
"THE TRANSMISSION OF KEYNESIAN SUPPLY SHOCKS"
with @APFerrero
Preliminary draft now available at: bit.ly/3jyvqKM
#EconTwitter comments welcome! 🙏🏼
Here's what it's about: 👇🏼[THREAD]
9:26 AM · Oct 28, 2020
31 Reposts · 110 Likes
Danial Lashkari@DanialLashkari
My first CS paper took 6 months from conception to publication. My first Econ one 6 years! Very grateful that it indeed is finally is out in Econometrica though. Let me celebrate it with a quick overview (thread):
econometrica @ecmaEditors
Why is economic growth accompanied w changes in the sectoral structure of economies? Micro (~ US & India) & macro data (~ 40 countries) suggest main driver is Engel curves: systematic relations between household income and sectoral composition of demand https://t.co/jl9651Njs9 https://t.co/LqlqzhHWTq
9:26 PM · Oct 27, 2020
31 Reposts · 247 Likes
Jonathan Benchimol@Benchimolium
🚨🚨New Paper 🚨🚨
With Y. Saadon and M. El-Shagi, we link the economics of education, behavioral economics, and forecasting literature to relate inflation experts' forecasting performance and boldness to his/her age, experience, location, and education.
boi.org.il/en/Research/Pa…
1
boi.org.il
Bank of Israel - Research - Do Expert Experience and Characteristics Affect Inflation Forecasts?
2:31 PM · Oct 27, 2020
3 Reposts · 11 Likes
Job market papers
Tell your students to tweet summary threads (and to write good papers!) and they’ll show up here :)
Jill Furzer@jefurzer
🌟 My JMP is now live! 🌟
Diagnostic errors in child mental health: Assessing treatment selection and its long-term consequences
Link: sites.google.com/view/jillfurze…
Continue on for my elevator pitch in thread form:
2:46 PM · Oct 26, 2020
20 Reposts · 49 Likes
Neha Deopa@NehaDeopa
JMP thread - "Scenes from a Monopoly: Quickest Detection of Ecological Regimes" #econtwitter
It takes a look at firm decisions under ecological uncertainty of regime shifts. Checkout a snapshot of the model dynamics. Brief thread 👇
Paper: nehadeopa.com/img/Monopoly_D…
2:37 PM · Oct 29, 2020
10 Reposts · 26 Likes
Melissa Spencer@MelissaK_Moore
❗❗❗ #EconTwitter JMP Thread Alert ❗❗❗
Safer Sex? The Effect of AIDS Risk on Birth Rates
2 Min Video: bit.ly/3iTqFej
Paper: melissakspencer.com/SaferSex.pdf
Thread: ⬇️
melissakspencer.com
8:55 PM · Oct 13, 2020
23 Reposts · 87 Likes
^see also: interesting innovation in JMP marketing
Ethan Mollick@emollick
An unexpected benefit of paid maternity leave: more women go to college. When women expect to be able to benefit more from work, they invest more in their own education. This analysis shows paid leave in California increased female college enrollment by 2% papers.nataliaordazreynoso.com/NOR_JMP_OCT.pdf
5:59 PM · Oct 31, 2020
9 Reposts · 30 Likes
^original author here
Good discussions
Women in Statistics and Data Science@WomenInStat
Tweetorial on going from regression to estimating causal effects with machine learning.
I get a lot of questions from students regarding how to think about this *conceptually*, so this is a beginner-friendly #causaltwitter high-level overview with additional references.
11:31 PM · Oct 28, 2020
533 Reposts · 2.21K Likes
Eva Vivalt@evavivalt
How do you think policy-makers and others weigh impact evaluation results?
Aidan Coville and I asked researchers to forecast findings from a discrete choice experiment through the Social Science Prediction Platform. A thread. 👇 1/
10:11 PM · Oct 28, 2020
15 Reposts · 57 Likes
Matthew Yglesias@mattyglesias
I think this will be a trend.
Right now a lot of organizations hire communications pros to try to get journalists to cover what they do.
In the future, more will hire people to directly produce the journalism.
Arthur Baker @AW_Baker
📢Very exciting job alert ❗️
Michael Kremer is looking for an Economics Writer.
Looking for someone who:
-Has a strong understanding of dev econ
-Is interested in communicating economic ideas
-Is a great writer
-Wants to have a positive social impact
https://t.co/2mIXAwmWfZ
11:31 AM · Oct 28, 2020
6 Reposts · 69 Likes
Chris Blattman@cblatts
Some academic job market advice.
When prepping materials (cover letter, research, teaching, diversity statements...) here is my personal view:
1. We will look at these for 20 seconds before deciding if we read for another 45 seconds. This means:
Make it easy to skim!
5:10 PM · Oct 29, 2020
135 Reposts · 549 Likes
“Fun”
Michael Droste@mcdroste
Should I use Stata, R, Matlab, Julia, etc etc for my research? What #econtwitter WON'T tell you is that all of these share a fatal flaw: you can't play Oregon Trail on them...
... At least, until now! Now you can play Oregon Trail (1978) in Stata. github.com/mdroste/stata-… (1/2)
4:01 PM · Oct 28, 2020
136 Reposts · 670 Likes