Best of #econtwitter - Week of November 29, 2020 (1/2)
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Best of #econtwitter - Week of November 29, 2020 (1/2)
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
I'm happy these results are out, even though they're not what I expected and perhaps hoped for: we find very little impact of a (very good, a priori) psychotherapy program on economic and psychological well-being; but as previously, robust and decently sized impacts of cash.
NBER @nberpubs
We formed an Austrian-Bavarian combo to study the “Minimum Legal Drinking Age (MLDA) and the Social Gradient in Binge Drinking” in Austria (MLDA of 16 as in many European countries), with @AhammerAlex @HallaMartin & Hannah Lachenmaier. tinyurl.com/y2j7fep6 #econtwitter 1/6
^"So much for the idea that lower MLDAs help people to ease into drinking" — see this figure
First paper —> first tweet
"The Gender Pay Gap in the Gig Economy: Evidence from 1mil Uber Drivers” (with Diamond, Hall, List, @pauloyer) is forthcoming at ReStud. Uber pay doesn’t depend on gender, but we find that male Uber drivers make 7% more than female drivers [1/9]
New paper: why don't firms hire away the extra unemployed in recessions?
@SedlacekPe,@ayusufmercan & I argue: since MORE unemployed find jobs, the new jobs they'd fill are congested, accounting for 30-40% of US unemp fluct's.+App's to other macro puzzles.
eml.berkeley.edu/~schoefer/scho…
^commentary: “Important paper alert: with one tweak to an otherwise standard DMP model, you can explain several facts that are seemingly puzzling / proved challenging through the lens of existing work.”
If I had to pick one figure for the paper that tells the "startups are staying private longer", here it is:
Review of Financial Studies @RevOfFinStudies
After several years of research, I'm delighted to announce the publication of: "The Black innovators who elevated the United States: Reassessing the Golden Age of Invention" brook.gs/38VaU5g via @BrookingsInst, w @andreperryedu & Mike Andrews
When we average effects across cohorts, we find that an additional $1000 of Pell eligibility increases the probability of completion by 2-3% for dependent students but find no effects on earnings (tho earnings ests are noisy since they are based on years when DC is small). 4/
Govts around the world are trying school management reforms. In a new paper using a large-scale RCT in India (bit.ly/35WHq50) @singhabhi & I find no evidence of impact from several "best practices"
Yet, the program was scaled up to >600,000 schools (w/ no effect)! 1/
Decomposing global earnings inequality within and between countries:
👉Falling global earnings inequality is due to decreasing between-country inequality, i.e. earnings convergence
👉At the same time, average within-country earnings inequality has increased [4/10]
We often see people staying in depressed labor markets, but it is unclear why. I test to see if exposure to information about strong labor market conditions in other markets induces people to move to those markets. The upshot? Yes, it does!
In brief, I find that mistreating inmates does not have a deterrent effect, but rather increases recidivism.
I compare inmates assigned to new vs old prisons. For inmates assigned to newer prisons, I find that the probability of returning to prison within 1 year is 36% lower
🚨The City Paradox: Skilled Services and Remote Work
\w @AlthoffLukas @sharatganapati @Conor_A_Walsh
We show that remote work jobs are disproportionately in big cities.
As a result, low skill service workers bore the majority of the pandemic’s economic impact.
More 👇🏻
It seems like we have some generalized response issues with phone surveys; which is affecting contact tracing, polling, and the CPS itself.
Getting rid of spam calls may not entirely fix, but would help us regain our phone social capital.
Erin Wolcott @DrErinWolcott
#Econtwitter @john_voorheis and I have a new working paper out! Using newly linked admin data containing more than 150 million parent-child links we document that reductions in prenatal particulate matter (PM) exposure have intergenerational effects!
1/22 The 1970s Stagflation transformed the US economy, but also triggered major changes in macroeconomics. But how have macroeconomists explained stagflation since then? My new paper tries to answer this question by drawing a history of stagflation explanations from 1975 to 2013.
I'm so excited that my paper is out! Main result: I find that when costs of incarceration are internalized by the entity choosing punishment (which is not typical in the US), incarceration is lower, without detectable effects on crime.
Journal of Public Economics @JPubEcon
^this is the kind of (timeseries) diff-in-diff figure you dream about
This is a really interesting paper that could change how I think about climate policy options: mitpressjournals.org/doi/pdf/10.116…
Would be curious to see replies if folks are aware of them.
Matto Mildenberger @mmildenberger
PSA: New version of "Shocks, Frictions, and Inequality in US Business Cycles" with @christianbaye13 @bornecon that looks at the drivers of US business cycles and inequality through the lens of estimated HANK models - estimating variants w/wo cross-sectional data and shocks.
Public goods
🚨 Curious about recent advances on applied micro methods 🤓? I'm sharing a doc that I've put together and that lists a bunch of papers such advances. Suggestions are welcome! 🚨
👉 christinecai.github.io/PublicGoods/ap… 👈
#EconTwitter #PublicGoods #AppliedMicro #Econometrics
Great idea: support group for PhD students in economics - webinar on December 1.
PeacehD @DPeaceh
