Best of #econtwitter - Week of October 11, 2020

Oct 11, 2020

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.

Happy Nobel Prize’s day eve!

Paper summaries

R. Jisung Park@rjisungpark

My coauthors @abehrer, @JoshuaSGoodman & I are excited to share our new paper, published today in Nature Human Behavior (@NatureHumBehav) “Learning is Inhibited by Heat Exposure, Both Internationally and Within the United States.”

3:32 PM · Oct 5, 2020

94 Reposts · 261 Likes

Ben Golub@ben_golub

Many thanks for sharing this, @sinanaral and @rodrikdani. Paper here bengolub.net/papers/naivele…, and tl;dr version here bengolub.net/papers/naivele… and an even shorter version below. 1/

Dani Rodrik @rodrikdani

Important result from ⁦@ben_golub⁩ and Matt Jackson, as reported in ⁦@sinanaral⁩’s book Hype Machine. https://t.co/VJtoiOcMP5

7:55 PM · Oct 11, 2020

35 Reposts · 152 Likes

^clear summary and seems potentially very relevant to current trends

John Grigsby@JohnRGrigsby

This was great fun to write with superb coauthors (incl. @Ahu_Yildirmaz). We study the patterns of nominal wage adjustments using administrative payroll data from @ADP in order to shed light on questions principally surrounding wage rigidity. Thread 👇

AEA Journals @AEAjournals

Forthcoming in the AER: "Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data" by John Grigsby, Erik Hurst, and Ahu Yildirmaz. https://t.co/EEzNioQV8U

7:15 PM · Oct 9, 2020

9 Reposts · 64 Likes

Matthew Yglesias@mattyglesias

Cool paper on the impact of TV ads: a) They work! b) Efficacy is higher downballot than in presidential races c) Little evidence of diminishing returns d) Good evidence that early ad spending is largely wasted because ad effects fade out

Chris Warshaw @cwarshaw

Excited to share new work w/ @johnmsides & @vavreck on "The Effect of Television Advertising in U.S. Elections." Using battery of data & 2 research designs, we show that broadcast ads have much larger effects in down-ballot races than in presidential ones. https://t.co/moBc9jFK6D https://t.co/xHyOyTy7VP

6:19 PM · Oct 5, 2020

41 Reposts · 169 Likes

scott cunningham@causalinf

Hugely important new paper forthcoming at Restat by Yotem Shem-Tov, at Berkeley. In some jurisdictions, if an offense has multiple offenders, and neither can afford a lawyer, they’ll be seemingly or explicitly randomly assigned to either public defender or a private attorney 1/n

8:47 PM · Oct 5, 2020

71 Reposts · 152 Likes

Adam A. Millsap@AA_Millsap

1/n Is Schumpeter's creative destruction occuring? Mara Faccio & John McConnell of @PurdueKrannert take a long-view look in new paper. Thread with some highlights nber.org/papers/w27871 #Growth #economy

1:35 AM · Oct 5, 2020

12 Reposts · 24 Likes

Pieter Gautier@pietgautier

Accepted in JET: sciencedirect.com/science/articl… (with Jim Albrecht, @xmingcai1 , Susan Vroman). In models where workers apply to one job per period and search is directed (the terms of trade are determined ex ante), the equilibrium is typically socially efficient. But .... 1/6

sciencedirect.com

Multiple applications, competing mechanisms, and market power

11:25 AM · Oct 6, 2020

3 Reposts · 20 Likes

Florian Ederer@florianederer

A (lifelong) dream come true: my co-authors & I wrote a paper with an Oxford comma! "Common Ownership, Competition, and Top Management Incentives" proposes & tests a mechanism through which common ownership affects firm behavior & product market outcomes. florianederer.github.io/common_ownersh…

11:33 AM · Oct 5, 2020

46 Reposts · 233 Likes

Andreas Hagemann@hagmnn

New paper: "Inference with a single treated cluster" Thread: (1/12) TLDR A mild restriction on some but not all heterogeneity allows inference in research designs with a finite number of heterogeneous clusters where only a single cluster received treatment. This includes DID.

9:49 PM · Oct 8, 2020

53 Reposts · 221 Likes

Dean Eckles@deaneckles

Large effects of personalized social cues in advertising. What is the effect of showing one or more friends' names who like an ad? Using a very large field experiment on WeChat, @ShanhHuang et al. find that showing a single friend liking an ad increased CTR by 34%!

1:13 PM · Oct 9, 2020

22 Reposts · 72 Likes

Economics profession navel-gazing

Beatrice Cherrier@Undercoverhist

Current fire chat with AERe editor Esther Duflo: “The limitation is not the page number. I could publish 20 papers in an issue if I had them, and we've gone from 4 to 10 issues a year. The limitation is the referees. You are hard on each other.”

CSWEP @AEACSWEP

Fireside Chats with Journal Editors. The first one is tomorrow with @jenniferdoleac and @erinhengel interviewing Esther Duflo about the @AEAjournals AER. Register here: https://t.co/rU7QPoaXAO

3:28 PM · Oct 8, 2020

42 Reposts · 232 Likes

^got a lot of attention; see also

Paul Novosad@paulnovosad

As some econ researchers move toward a lab model, norms need to be updated. e.g. coauthor thresholds, author order. Should we just copy the sciences' model? If you were designing a system from scratch, what would it look like? 🧵

8:00 PM · Oct 4, 2020

14 Reposts · 83 Likes

Christopher A. Neilson@ChrisANeilson

5:22 PM · Oct 4, 2020

56 Reposts · 596 Likes

Kevin DeLuca 📈@cantstopkevin

Was thinking about it some more, and have a question for #econTwitter: what is the most important thing you learned in econ that IS NOT covered in econ 101? I'm genuinely curious hmu 📈

3:49 PM · Oct 5, 2020

2 Reposts · 19 Likes

Paul Goldsmith-Pinkham@paulgp

Talk went well and I appreciate all the suggestions people gave. Here's a link to my slides if people are interested (we're in the middle of revising our draft and should have a new draft posted soon!): dropbox.com/s/wg3y7bjhs1zm…

Paul Goldsmith-Pinkham @paulgp

I will be presenting on gender in economics and finance (in academia) tomorrow, and will be discussing my work with Anusha Chari, as well as others' work. I have a few papers I'm going to discuss in detail, but want to make sure to not miss good ones. Do folks have suggestions? https://t.co/otocr6fd9C

3:36 PM · Oct 9, 2020

11 Reposts · 35 Likes

Daniele Tavani@danieletavani

#EconTwitter, for fun: What’s the most hilariously destructive comment you ever got at a #seminar? I think for me it’s “not everything is wrong with your paper.” 😂

3:19 PM · Oct 5, 2020

8 Reposts · 110 Likes