Best of #econtwitter - Week of September 6, 2020
Welcome readers old and new to this week’s edition of the Best of Econtwitter. Recommendations always welcome over email or on Twitter @just_economics.
New papers
Arpit Gupta@arpitrage
“The small effects of political advertising are small regardless of context, message, sender, or receiver: Evidence from 59 real-time randomized experiments”
Kevin Munger @kmmunger
Incredible paper. Congrats @aecoppock @vavreck @seth_j_hill
Seriously, gold standard work. Causal evidence that varies:
1) treatment content
2) temporal context
3) sample
while holding everything else constant, with a massive sample.
https://t.co/wAKo4HSseZ
9:20 PM · Sep 2, 2020
4 Reposts · 7 Likes
^This, in one figure: (though do note commentary on the statistical power)
Seth J. Hill@seth_j_hill
New work with @aecoppock @vavreck @ScienceAdvances advances.sciencemag.org/content/6/36/e… We find little evidence of heterogeneity in persuasive effects of presidential campaign messages.
advances.sciencemag.org
The small effects of political advertising are small regardless of context, message, sender, or receiver: Evidence from 59 real-time randomized experiments
9:16 PM · Sep 2, 2020
12 Reposts · 43 Likes
Jason Lindo@jasonmlindo
“Stable Income, Stable Family”
@IsaacDSwensen (r) me (r) @krishregmi
An extra $100 in max weekly unemployment insurance benefits ⬇️ divorce among laid off men by 1/3 of a percentage point, or 14% of the extra risk of divorce assoc with their layoffs. 1/n
nber.org/papers/w27753
12:36 PM · Aug 31, 2020
15 Reposts · 50 Likes
Timothy Layton@timothyjlayton
🚨 New paper alert 🚨
"Are All Managed Care Plans Created Equal? Evidence from Random Plan Assignment in Medicaid"
with @MikeGeruso and @jwswallace
nber.org/papers/w27762
nber.org
Are All Managed Care Plans Created Equal? Evidence from Random Plan Assignment in Medicaid
1:23 PM · Aug 31, 2020
58 Reposts · 129 Likes
Arindrajit Dube@arindube
Our @nberpubs WP uses a mover-based event study design to estimate what happens when similar workers from the same original firm land at firms paying different wages & track their separation response (key measure of monopsony). @snaidunl @ihsaanbassier
nber.org/papers/w27755
9:45 PM · Aug 31, 2020
35 Reposts · 133 Likes
John B. Holbein@JohnHolbein1
👮👮👮 search black motorists 3x more than white motorists.
But (!), searches of black motorists don't yield more contraband.
Source (TX): "Racial Disparities in Motor Vehicle Searches Cannot Be Justified by Efficiency"
nber.org/papers/w27761
2:32 PM · Aug 31, 2020
287 Reposts · 693 Likes
Benjamin Marx@benjaminmarx
🚨New paper alert!🚨 bit.ly/31JCiz6
@doquocanh, @GalbiatiRoberto, Miguel Ortiz Serrano and I study discrimination in financial markets in the context of France’s "Dreyfus Affair."
We show that investors can earn excess returns by betting against discriminators (1/8)
bit.ly
Dreyfus_Manuscript.pdf
7:46 AM · Sep 1, 2020
32 Reposts · 102 Likes
Matt Lowe@hmmlowe
Fantastic null effect of contact study in Afghanistan.
Null effects are *especially* important here because the existing contact literature shows signs of publication bias -- i.e. our literature-prior is that contact tends to work, but the pub. bias may have misled us... [1/4]
Yang-Yang Zhou @yangyang_zhou
📢 New working paper w/ @jaylyall_red5. We ask, can prolonged social contact reduce local residents’ prejudice toward internally displaced persons (IDPs) in a conflict setting? #nulleffects #polisciresearch
Link here: https://t.co/sY8FVmX89N
(1/7) https://t.co/l0N0j7gQpX
9:36 PM · Sep 2, 2020
34 Reposts · 117 Likes
Other paper summaries
Tommaso Valletti@TomValletti
Excellent paper on the economics of data just published in the AER (@AEAjournal) by Charles Jones and Chris Tonetti (@StanfordGSB).
Data is non rival and can be used by any firms or people simultaneously, without being diminished. But this can generate privacy concerns.
1/
10:44 AM · Sep 4, 2020
88 Reposts · 243 Likes
Tommaso Porzio@PorzioTommaso
This paper is an absolute must-read for anyone interested in development and misallocation.
It is one of my favorite papers and can be beautifully summarized in one figure, hence a short thread follow.
Key take-away: a lot of misallocation could be poor measurement.
1/N https://t.co/VfyQxf5izN
Jeffrey Bloem @JeffBloem
New in the JPE by Gollin and Udry: "Heterogeneity, Measurement Error, and Misallocation: Evidence from African Agriculture" https://t.co/tMaFaEBXYi
3:24 AM · Sep 2, 2020
58 Reposts · 220 Likes
^Arpit Gupta asks the right question about this whole literature
Michela Giorcelli@M_Giorcelli
Our paper “Scientific Education and Innovation: From Technical Diplomas to University STEM Degrees”, joint work with @BianchiEcon, is coming out in print in the October issue of @jeea. Here’s a summary of the paper. https://t.co/ZLcCXMAQYV
Imran Rasul @ImranRasul3
A blockbuster October issue of @JEEA_News all lined up, covering all areas of economics (macro, applied micro and theory).
Advanced articles are here: https://t.co/BOJJryTDnh
Many feature teaching materials in the supp files, that can be easily incorporated into online teaching. https://t.co/3kZzFFU7H2
3:18 PM · Sep 5, 2020
8 Reposts · 37 Likes
Tymon Słoczyński@TymonSloczynski
I am very happy to announce that my paper, "Interpreting OLS Estimands When Treatment Effects Are Heterogeneous: Smaller Groups Get Larger Weights," is forthcoming in @restatjournal. Below, I explain its contribution & implications for applied work.
doi.org/10.1162/rest_a…
1/n
doi.org
MIT Press Journals
4:32 PM · Sep 3, 2020
171 Reposts · 637 Likes
Melinda Mills@melindacmills
Do people have children at the age they want? Or do desires change? Our longitudinal analysis today in @DemographicRes finds ~33% are earlier, ~16% as planned, ~49% later & 50% change desires as they get older @OxfordDemSci
8:35 AM · Sep 1, 2020
23 Reposts · 103 Likes
Joe Hazell@JADHazell
🥳 🥳 🥳
Our paper (with @cogeorg and Matt Elliott) “Systemic Risk Shifting in Financial Networks” was accepted by the Journal of Economic Theory!
🥳 🥳 🥳
Link to latest draft: dropbox.com/s/fzm7opdmjady…
What’s the paper about? \begin{thread}
(1/8)
dropbox.com
Systemic_Risk_Shifting.pdf
4:56 PM · Sep 3, 2020
10 Reposts · 84 Likes
Pseudoerasmus@pseudoerasmus
New EHR article. Structural transformation (from agricultural to industrial to service) in 🇯🇵 over the century 1885-1985: decomposition into demand (consumption changes) & supply factors (productivity). By Fukao & @Saumik78267353 (blog of article in EHR) ehsthelongrun.net/2020/08/31/bau…
Economic History Review @EcHistSocReview
now available on #earlyview by Kyoji Fukao @Hitotsubashi_U & @Saumik78267353 @UniofNewcastle & @iza_bonn https://t.co/p1ouJ7rZs7
3:23 PM · Aug 31, 2020
13 Reposts · 74 Likes
John B. Holbein@JohnHolbein1
My latest (with @cdcrabtree, Kern, and Pfaff) is out today at @PAReview.
We show that public schools discriminate a lot against Muslim and Atheist families.
onlinelibrary.wiley.com/doi/abs/10.111…
2:37 PM · Aug 31, 2020
57 Reposts · 163 Likes
Public goods
Fabio Ghironi@FabioGhironi
Quarterly macro and financial data since 1950 for a large group of countries: ericmonnet.eu/macro-financia… Thank you @MonnetEric and Damien Puy!
ericmonnet.eu
Eric Monnet - Macro-financial dataset (quarterly since 1950)
5:36 AM · Sep 5, 2020
64 Reposts · 168 Likes
Sasha Indarte@SashaIndarte
🔥 job market public good alert 🔥 There's a lot of info to stay on top of during the job market. I created an organizer to keep track of apps, interviews, flyouts (zoom-outs?), reimbursements, and offers. Find it below or on my website
Sasha Indarte @SashaIndarte
🚨Job market public good alert!🚨 Staying organized during the market can make your life a lot easier. The excel file I’ve uploaded here can help keep track of applications, interviews, flyouts, reimbursements, and offers. #econtwitter #econjobmarket
https://t.co/dhZIWfy3xu
9:14 PM · Sep 3, 2020
3 Reposts · 21 Likes
Ralph Lütticke@RalphLuet
As teaching is about the start, I have uploaded very accessible codes that solve the Krusell-Smith model via the two most popular solution methods for heterogenous agent models with aggregate shocks: Perturbation (as in Reiter's work)and MIT shocks (as in @SorryToBeKurt's work).
1:04 PM · Sep 1, 2020
62 Reposts · 271 Likes
⑆Luke Stein⑈@lukestein
If anyone wants a step-by-step tutorial to try this, there’s a nice one from @nchan on YouTube: youtu.be/ALesylse5a0 https://t.co/CsuF6Va1CA
Shengwu Li @ShengwuLi
A lightboard-style setup without the lightboard. All you need is an ipad, a stylus, and OBS. Thanks @rithvikra0 for the idea! #EconTwitter https://t.co/YPPotUZSEe
1:11 AM · Sep 1, 2020
3 Reposts · 15 Likes
Good discussions
Brett@Brett_Matsumot0
Some, but not all, of the usual biases have shifted during the pandemic, so it's not obvious that the overall CPI bias has switched signs. Regardless, a lot of these effects are very short term and will have equal and offsetting effects in the rebound. He identifies 4 causes of
Justin Wolfers @JustinWolfers
My latest @nytimes piece: In normal times the official inflation statistics overstate the rate of inflation. But in this upside-down pandemic economy, the usual biases are reversed, and the official numbers almost certainly understate actual inflation.
https://t.co/Rc5BxzMuKv
10:58 PM · Sep 2, 2020
3 Reposts · 8 Likes
Rocío Madera@elpuntoderocio
(1/11) So... we're trying to do some group-introspection on what we learned from the process of blind-reviewing for the Junior VMACS conf. and getting some stats. In the meantime, I will get the boring implementation details off the way #howthesausageismade:
4:15 PM · Sep 5, 2020
13 Reposts · 53 Likes