Best of #econtwitter - Week of November 21, 2021 [2/2]
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 is part two of two. Part one is here.
Paper summary threads
![Twitter avatar for @ErikaMcentarfer](https://substackcdn.com/image/twitter_name/w_96/ErikaMcentarfer.jpg)
For new followers who are curious, I will tease one more graph from our paper in progress, showing the enormous dispersion in earnings for graduates of top schools and the earnings gap between graduates of top 5/top 20/non-top 20 programs in academia (1/3)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFEa_ZyLXEAMzWhG.png)
![Twitter avatar for @ErikaMcentarfer](https://substackcdn.com/image/twitter_name/w_96/ErikaMcentarfer.jpg)
This chart shows how non-academic placements for economists are distributed across sectors and how this has changed over time.
Tech has grown as a share of initial placements, but remains a small share (gov't and consulting share of placements are larger and increased by more)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFEWqiSSXMAI2BWJ.png)
![Twitter avatar for @ErikaMcentarfer](https://substackcdn.com/image/twitter_name/w_96/ErikaMcentarfer.jpg)
So why does tech have such an outsized role in our conversations about economists?
There are likely lots of reasons for this, but one might be that tech placements have increased *a lot* at top programs, going from near zero 10-12 years ago to 9% of recent placements
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFEWqiqDXoAk9NEG.png)
^navel-gazing, but based on (restricted!) data
![Twitter avatar for @ceptional](https://substackcdn.com/image/twitter_name/w_96/ceptional.jpg)
New paper: "A billion-dollar donation: estimating the cost of researchers’ time spent on peer review" - by @BalazsAczel, @szaszibarnabas, & I. rdcu.be/cBmE0 🧵👇
![Twitter avatar for @ben_golub](https://substackcdn.com/image/twitter_name/w_96/ben_golub.jpg)
One of the first papers that I devoured because of a need to know a result in it was by John Conlisk. His writing made it clear why he is remembered for being a great teacher.
To honor his memory, this is a🧵about "Comparative statics for Markov chains"
1/
![Twitter avatar for @UCSDEcon](https://substackcdn.com/image/twitter_name/w_40/UCSDEcon.jpg)
UCSDEcon @UCSDEcon
![Twitter avatar for @MartinBeraja](https://substackcdn.com/image/twitter_name/w_96/MartinBeraja.jpg)
🚨New paper🚨
AI innovation may both entrench modern autocracies and be promoted by them in a sustained manner.
Read on for evidence of such mutually reinforcing relationship in the context of facial recognition AI in China.
A thread 🧵 1/13 @MITEcon #EconTwitter
![Twitter avatar for @nberpubs](https://substackcdn.com/image/twitter_name/w_40/nberpubs.jpg)
NBER @nberpubs
More: UK coal phase out; college decision-making among low-income students; macroeconomics of CTC; Thinking Clearly With Data; standardized testing correlations; labor dynamics with endogenous growth; TLTRO stuff; capital controls
Public goods
![Twitter avatar for @ImranRasul3](https://substackcdn.com/image/twitter_name/w_96/ImranRasul3.jpg)
**NEWS ALERT**
Think the world of academic economists can be organized better?
Have a concrete suggestion of how to do this?
Then read on: the @EEANews has launched a new initiative to fund research proposals on career incentives in economics
eeassoc.org/career-structu…
(1/2)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFEX-SaiWQAA4New.png)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFEX-mg4XwAI9Efk.png)
![Twitter avatar for @ImranRasul3](https://substackcdn.com/image/twitter_name/w_96/ImranRasul3.jpg)
We welcome proposals using applied theory/empirical analysis tackling issues (with concrete policy suggestions) including:
(i) recruitment, promotion & retention of talent
(ii) design of tenure systems
(iii) reforming publications process
(iv) response to rise of teamwork
(2/3)
![Twitter avatar for @mattsclancy](https://substackcdn.com/image/twitter_name/w_96/mattsclancy.jpg)
If you’re an economics job market candidate who wants to introduce yourself and your work to the wider #EconTwitter community, consider tagging in @WelcomeEcon in a reply to your tweet to get retweeted!
![Twitter avatar for @WelcomeEcon](https://substackcdn.com/image/twitter_name/w_40/WelcomeEcon.jpg)
Welcome Economists! @WelcomeEcon
![Twitter avatar for @YannaiGonch](https://substackcdn.com/image/twitter_name/w_96/YannaiGonch.jpg)
Hi #EconTwitter! So great that many JMCs are sharing their JMPs online. And it's now easier than ever to keep track:
-Follow @EconJMP: bot that retweets tweets with #EconJMP or #EconJMC in them
-Follow @EconTheoryJMP: bot that retweets tweets with the above+#Theory in them
Enjoy!
![Twitter avatar for @causalinf](https://substackcdn.com/image/twitter_name/w_96/causalinf.jpg)
. @mattohom1 is an economist at Spotify and he sent me a great deck he made to help people learn more abt tech careers. dropbox.com/s/bmci0ffcfkhx…
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFEWcOzaXsAgNfSr.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFEWcOz3XEAsg6y0.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFEWcOzqXwAILTB4.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFEWcOzpXoAE_xSc.jpg)
^see also: new blog post on “Consulting and Freelancing in Academia”
Interesting discussions
![Twitter avatar for @fabolange](https://substackcdn.com/image/twitter_name/w_96/fabolange.jpg)
#PSA #EconJobMarket Applying for Assistant Prof: think about your field. Most departments divide the files into 4 piles: Applied Micro, Theory, Econometrics, Macro. If your primary is "Microeconomics", your assignment will be more random and/or based on secondary field.
![Twitter avatar for @ben_golub](https://substackcdn.com/image/twitter_name/w_96/ben_golub.jpg)
Formal proof verification is becoming a bigger deal in math. This is an idle thought about how this could play a role in changing the assignment of credit for mathematical advances.
Tl;dr: get paid for proving lemmas on the blockchain.
1/
![Twitter avatar for @AlexJohnLondon](https://substackcdn.com/image/twitter_name/w_96/AlexJohnLondon.jpg)
If you read a paper and you think, “man, this is a good paper” it costs you nothing to email the author and let them know that you appreciate their work. Compliments are rare in #academia but they needn’t be.
^to American (and non-American) readers, have a good Thanksgiving