Best of #econtwitter - Week of October 16, 2022 [2/4]

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 four.

Paper summaries

Conor Walsh @Conor_A_Walsh

This is an important paper, and I'm only lately getting to it. It should change how we think about the markup literature, and a host of firm dynamics trends. nber.org/system/files/w… Little thread.

Peter Ganong @p_ganong

“Why Do Borrowers Default on Mortgages?” w/@pascaljnoel Three theories for why: 1) negative equity alone 6% 2) negative life events alone 70% 3) both (“double trigger”) 24% voices.uchicago.edu/noel/files/202… 🧵

QJE @QJEHarvard

Recently accepted by #QJE, “Why Do Borrowers Default on Mortgages?” by Ganong (@p_ganong) and Noel (@pascaljnoel): https://t.co/84pEImGdIN

Tommaso Porzio @PorzioTommaso

A 🧵 on new working paper 👇. Starting point: in low income countries, most firms are small and they produce within city centers, often clustered near the busiest road. We collect new data to understand this location choice and study implications for exposure to pollution 1/

NBER @nberpubs

Ugandan firms locate on the busiest roads for customer visibility, exposing their workers to pollution. This sorting increases profits, but with severe health costs, from @bassi_vittorio, @mattkahn1966, Nancy Lozano Gracia, @PorzioTommaso, and Jeanne Sorin https://t.co/aqRotcoc8E https://t.co/Aq1jo8FIye

^another summary

Bastian Schulz @bsecon

Publication Alert! 🥳 I am happy to report that our paper "Firm Productivity, Wages, and Sorting" with Ben Lochner @iab_news is forthcoming in the Journal of Labor Economics! @SOLE_Labor_Econ #EconTwitter A🧵about our findings (my first). Let’s go. 1/n journals.uchicago.edu/doi/abs/10.108…

journals.uchicago.eduFirm Productivity, Wages, and Sorting | Journal of Labor Economics: Vol 0, No ja

Galo Nuño @NunoGalo

Sovereign debt markets are huge. Treasuries issue bonds at several maturities. Why? Which is the optimal way to do it? We are talking about a lot of money for the taxpayers. A short 🧵 based on a paper with @SakiBigio and @juanpassadore 1/n (n=10)

David Schönholzer @davidfromterra

This is Rose Avenue near San Francisco. A quiet residential neighborhood, it looks like life on either side of the street should be pretty similar. But it turns out that opportunities and access to public goods are dramatically different. What's going on?

Marco G. Palladino @MarcoGPalladin1

🚨NEW WP ALERT🚨 Damien Babet, @OlivierGodechot, and I study the recent dynamics of wage inequality in France. A thread👇 #EconTwitter

Lawrence H. Summers @LHSummers

New BLS paper confirms the takeaways of my work with @juddcramer and @MA_Bolhuis: rent inflation for new tenants leads official residential inflation by about a year. 1/N

bls.govDisentangling Rent Index Differences: Data, Methods, and Scope : U.S. Bureau of Labor Statistics

^more rent inflation discussion: here, here, here, …

Joe Ruggiero @josephjruggiero

Excited to share a new paper “Some for the Price of One: Vote Buying on a Network” with fellow @PUPolitics grad student Perry Carter. In it, we ask: how does social structure affect vote buying electoral strategies? Link: tinyurl.com/6bbfut86

Paul Novosad @paulnovosad

Oh this is interesting. A coordinated multi-site trial of a voter information campaign — in 6 countries! Does information about politician corruption / competence affect voting behavior? Nah.

Matt Clancy @mattsclancy

Long plane ride let me finally read @kaushikcbasu’s excellent Republic of Beliefs, after years of delay. Basic question: why do people follow laws?