Best of #econtwitter - Week of November 6, 2022 [2/2]

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 two of two.

Paper summaries

Florian Ederer @florianederer

Local governments are borderline criminal when auctioning off claims to homes with overdue property taxes. 1) Average tax debt = $3,600 2) Average sale price = $17,000 3) Average assessed value = $425,000 Truly crazy stats in this paper by @cslapoint papers.ssrn.com/sol3/papers.cf…

Johanna Rickne @johannarickne

Women describe their work as more meaningful in nationally representative survey data from Sweden, and the gap has increased over time. This pattern replicates previous observations from the US by @GregWKaplan and Sam Schulhofer-Wohl (2018) and @NicoleMaestas2 et al. (2018). 1/

Simon Burgess @profsimonb

Why do fewer female students take science than male students? Maybe it’s because “girls don’t like hard maths” @SMCommission @Miss_Snuffy Maybe it’s because of a lack of female role models in STEM @ChildrensComm @Rachel_deSouza We offer new evidence … (1/6)

Hikaru Saijo @hpfilter

Our paper, “Diagnostic Business Cycles” with @Francesco_Bia and @CosminIlut is now accepted at @RevEconStudies! A short 🧵 that summarizes what the paper is about:

Ben Ho @ho_ben

📈New Paper Alert📈 Sorry Doesn't Cut It, or Does It? Insights from Stock Market Responses to Corporate Apologies (forthcoming JEBO) w/Sijia Fan, Qi Ge, Lirong Ma An event study of stock prices following 50 apologies following 205 chemical disasters. A🧵 papers.ssrn.com/sol3/papers.cf…

papers.ssrn.comSorry Doesn’t Cut It, or Does It? Insights from Stock Market Responses to Corporate ApologiesThis paper examines the stock market reaction to corporate apologies. We construct a comprehensive database of corporate apologies issued for major chemical dis

Chris Elmendorf @CSElmendorf

🧵New paper! "Folks Economics and the Persistence of Political Opposition to New Housing," w/ @ClaytonNall & @stan_okl. We find that nearly all renters & >50% of homeowners say they want future home prices & rents in their city to be lower... 1/17 papers.ssrn.com/sol3/papers.cf…

papers.ssrn.comFolk Economics and the Persistence of Political Opposition to New HousingPolitical scientists commonly attribute the underproduction of housing in US metropolitan<br>areas to unequal participation and collective action problems. Home

Tao Wang @ttwwecon

A short 🧵 on "Epidemiological Expectations''🚨🚀

NBER @nberpubs

"Epidemiological" expectations spread like a disease. Models where expectations are infectious can explain puzzles in macroeconomics, financial markets, technological diffusion, and elsewhere, from Christopher D. Carroll and @ttwwecon https://t.co/x9tmjWp2dA https://t.co/rXODeswK0G

More: Paid sick leave policy; Monetary Policy Expectation Errors; Great Depression and leverage; Chinese immigrant name linking; income inequality, job polarization, urbanization; does this pass the smell test; DST and ‘social fragmentation’; mass shootings have little effect on electoral outcomes

Interesting discussions

anthonyleezhang.eth @AnthonyLeeZhang

Random presentation tip for econ/finance PhD students, esp. for technical/theory ish stuff: When I first started presenting, I assumed a distribution of audience expertise that looked like this. Roughly normally distributed, most people know something about your topic matter

anthonyleezhang.eth @AnthonyLeeZhang

After a while I significantly changed my strategy, instead assuming a distribution that looks like this. Bimodal: some people know basically nothing about your topic, and some people know the topic as well as or better than you do

anthonyleezhang.eth @AnthonyLeeZhang

The issue with this strategy is you are teaching to the median person, but in the bimodal distribution, there is very little mass at the median! You end up going too slowly for the experts on the right, who know everything you're saying about the basics and thus fall asleep

ben_golub@econtwіtter.net on mastodon 🇺🇦 @ben_golub

For econ: CAPM, basics of behavioral finance bonds, the treasury market, term structure, what the Fed does and how sovereign debt, basics of the IMF mortgages, retirement savings, other basic household finance one lecture on empirics of minimum wage what else?

Jack Samuel @stareaskesis

If I'm ever dean of a law school there will be a second-year course on "stuff your friends will ask you about." A week on fair use, a week on defamation, a week on landlord-tenant law, maybe a class on NDAs, a few weeks of crim pro on searches and interrogations...