Best of #econtwitter - Week of October 9, 2022 [3/3]
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 three of three.
Paper summaries
Nathan Wilmers@natewilmers
Since 1980, the defining fact of US labor markets has been rising inequality.
In a new @PNASNews, @AeppliClem and I show that inequality has stopped rising for a decade (c.2012).
But many of the drivers of rising inequality have persisted. What gives?
pnas.org/doi/10.1073/pn…
7:53 PM · Oct 3, 2022
155 Reposts · 437 Likes
Nathan Wilmers@natewilmers
Quick details: inequality trends are messy, so we pulled together all the data we could: CPS-ORG, ASEC, ACS, OES, LEHD, W-2s, Glassdoor. Hourly, weekly, annual earnings; variance, percentile ratios, income shares.
All tell a similar story: stalling out or declining inequality.
7:53 PM · Oct 3, 2022
5 Reposts · 22 Likes
Fatih Guvenen@fatihguvenen
Updates on the Global Income Dynamics (now GRID!) Project:
1. New #NBER Working Paper with @PistaferriLuigi and @glviolante.
We present global trends on income inequality and income dynamics using data from GRID Database: nber.org/papers/w30524
@nberpubs #econtwitter
3:41 PM · Oct 3, 2022
56 Reposts · 210 Likes
Elio Nimier-David@ElioNimier
Very happy to see our paper on Inequality & Earnings Dynamics in France getting published! 🎉
We study (local and national) inequality + income mobility since 1991. We discuss major labor market reforms including: minimum wage, workweek reduction & payroll tax cuts
A 🧵:
Quantitative Economics @qe_editors
Why did labor earnings inequality increase in most countries but France? F.Kramarz, @ElioNimier & @thomasdelemott1 analyze major labor reforms and provide new evidence on inequality, earnings dynamics and geographic disparities in France since 1991 https://t.co/QWC3GiYGrY https://t.co/wDb6TY2N8D
5:07 PM · Oct 7, 2022
7 Reposts · 51 Likes
Erin Cottle Hunt@CottleErin
My paper "Social security and risk sharing: the role of economic mobility across generations" co-authored with Frank Caliendo (USU) was recently published at ITAX 🧵 1/5
rdcu.be/cVGwi
rdcu.be
Social security and risk sharing: the role of economic mobility across generations
5:59 PM · Oct 5, 2022
2 Reposts · 21 Likes
Ulrich Schetter@ulrich_schetter
Excited to share a WP that proposes a structural ranking of countries by their distance to the technological frontier based on comparative advantage. The ranking provides information that is fundamentally different from GDP/cap.🧵 1/n
@HarvardGrwthLab
growthlab.cid.harvard.edu/publications/m…
10:32 AM · Oct 6, 2022
36 Reposts · 111 Likes
Corinne Low@femonomics
~12 years after I first started the project, I'm relieved to have the two halves of my job market paper on "reproductive capital" both accepted at journals!! A dating experiment showing men rate older women lower (pic) at JOLE and a matching model and simulation at the JPE 🧵
5:00 PM · Oct 6, 2022
79 Reposts · 490 Likes
More: fertility-income; ECB objective; test vs. non-test VA; ESRD Treatment Choice model; ILO definitions; stochastic choice
Interesting discussions
Jason Furman@jasonfurman
I worry that a lot of people misapply what they learned (or mislearned) about economic efficiency and deadweight loss. It is a very useful concept--but also limited and can be misapplied, especially related to distributional issues.
Here's how I taught it in Ec10 today. A 🧵.
2:09 AM · Oct 4, 2022
45 Reposts · 294 Likes
^“obvious”, or, is it
Ivan Werning@IvanWerning
Would be good to have some data facts on this.
In the presence of externalities, equilibria may not be efficient without coordinated interventions, requirements or incentives. We have nothing in place for this. Should we?
Andrew Gelman et al. @StatModeling
(Now that faculty aren’t coming into the office anymore) Will universities ever recover? https://t.co/1CFKH93IVm
2:27 PM · Oct 6, 2022
9 Reposts · 66 Likes
David Evans@DaveEvansPhD
If you were going to give one piece of advice to an early career researcher on how to do research that influences policy, what would it be?
1:55 PM · Oct 4, 2022
97 Reposts · 418 Likes
Shawn Donnan@sdonnan
I have a teen-age son who is studying economics for the first time.
What's the best book out there that will get him excited about economics and take it beyond the dull Econ101 territory full of formulas and curves that he is encountering now?
3:07 PM · Oct 7, 2022
149 Reposts · 1.04K Likes
Brian Albrecht@BrianCAlbrecht
please remember to check your childrens candy for poison this halloween season. i just found MWG in my daughters butterfinger
3:34 AM · Oct 7, 2022
76 Reposts · 900 Likes