Best of #econtwitter - Week of November 27, 2022 [1/2]
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Best of #econtwitter - Week of November 27, 2022 [1/2]
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 one of two.
Paper summaries
In 1631, Prague was conquered by Sweden, only to revert back to the Habsburgs six months later. France took Nancy from Burgundy in 1634 and held it for decades. Thousands of such city switches occurred throughout history. What can we learn from them? New research with Eric Weese:
What do we find? In the period of the switch, city population falls by almost 30%. This is not only true during wartime but also in peacetime, such as a royal inheritance that quickly reverts back to the original owner. Unstable governance is really bad for city growth.
In fact, as cities switch between states, they typically end up in states that are better for city growth, although benefits fall with the number of switches. They are due to good states taking more cities over time and better states entering the market for governance over time.
(1/N) Giving thanks that December JF has our paper showing that investors who believe in different models of the world update differently & invest in opposite directions in response to a common public signal, 10.1111/jofi.13179. Public draft here: mitsloan.mit.edu/shared/ods/doc…
See especially new findings on plutocratic China by regional coordinator Zhexun Mo
Bottom 50% wealth share is now only 6%, vs 70% for the top 10% and 10% for the top 0,001% alone
^World Inequality Database 2022, also:
Women in France earn 41% of total labour income
Russia: 40%
Brazil: 38%
India: 18%
Somalia and Chad: 8%
The first ever calculation of the gender gap in labour income!
By @ThereFeen & @asrobilliard
wir2022.wid.world/www-site/uploa…
"we show that high-speed Internet increases addictive Internet use and significantly decreases time spent sleeping, doing homework, and socializing with family and friends."
iza.org/publications/d…
^would pay someone to write a lit review and synthesize all these internet rollout papers (and to spell out how willing one should be to buy the identifying assumptions)
Subjective evaluations are more predictive than GRE scores for admissions to graduate economics programs and future job placement, yet they are also very noisy, from Jessica Bai, Matthew Esche, W. Bentley MacLeod, and Yifan Shi nber.org/papers/w30677
^request for thread
Public goods
If you are looking for 🇧🇷 data, check out Base dos Dados (basedosdados.org). They provide free and easy access to many 🇧🇷 datasets, including a publicly available version of RAIS (without links/identifiers, of course). Consider donating too; I just did. Thanks @rdahis !
^setting aside political commentary, seems useful!
