Best of #econtwitter - Week of September 27, 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.
Happy to share our new WP that uses data on 60K Facebook interests of 2 billion people to propose new measures of cultural distances between populations (nber.org/papers/w27827.… and doi.org/10.31235/osf.i…) with
How efficient markets are vs how efficient economists believe they are: our paper looking at more than 600 experimental markets is just accepted at ! We found economists likely believe markets are much more efficients than they are! 1/n papers.ssrn.com/sol3/papers.cf…
Super cool paper by three junior economists, , and , who study one of the most interesting episodes of economic history in post-war Germany: "The Big Sell: Privatizing East Germany’s Economy" cesifo.org/DocDL/cesifo1_…
🚨 Working Paper 🚨: “Did the 1918–19 Influenza Pandemic kill the US Life Insurance Industry?", together with . Short answer: "No" Medium answer: A video 👇 Long answer: papers.ssrn.com/abstract=36978… (Unlike , we can't create an on-location video. We tried!)
What happens when women in introductory economics courses are (randomly) assigned to study groups in which they are in the minority? They are a full 10 percentage points more likely to drop the course. dropbox.com/s/inf6epcepg3w…
This paper is fantastic. My summary: Technology has been killing the mom and pop store for a century. Transport technologies facilitate scale, effectively aiding big business. The death of small business is mechanically the outcome of human preferences and technology.
Forthcoming in AEJ: Applied Economics: "The Economics of Speed: The Electrification of the Streetcar System and the Decline of Mom-and-Pop Stores in Boston, 1885-1905" by Wei You. https://t.co/H59dv9O08c
AEA Journals @AEAjournals
Excited to share my job market paper! I ask: Do voters respond to economic policies, outcomes, or both in the ballot box? Using county-level data on New Deal spending, I show robust effects of economic policy on voting. bit.ly/32Yuomh
Does antitrust matter? Read this! New paper from Tim Besley, Nicola Fontana and Nicola Limodio forthcoming in AER: Insights Firm-level data from 10 million firms, 90 countries, over 10 years. They look at profit margins, and concentration. Results: 1/2
📣📣LIBERTY, SECURITY, AND ACCOUNTABILITY📣📣 ---------The Rise and Fall of Illiberal Democracies--------- With Still hot from the oven! Thread: 👇👇👇 (1/11) gratton.org/papers/Liberty…
My solo paper on why trade unions can survive in markets where labor can free ride on traditional benefits, finally came out in JOLE! journals.uchicago.edu/doi/pdf/10.108… I propose and test a model where union membership acts as legal insurance against allegations. 1/6
Since I just presented part of our paper on "Taking State-Capacity Research to the Field: Insights from Collaborations with Tax Authorities" at the , I'm taking this opportunity to finally tweet a summary of this paper (joint with ): 1/n
Valuable info for Econ PhDs planning to go on the job market in 2020/2021. 🙏for this public service. ▶️Supply side ~stable. ▶️Higher-ed employers expect to contract their demand by >= 50% in median scenario. ▶️Non-ed employer expect to make ~ as many offers as last year.
As part of a big team, and with the help of several institutions, I've been involved in running a small survey on the state of the upcoming job market for new PhD economists. A preliminary report of our measurements can be found here https://t.co/o5jy2xssFZ
Ben Golub @ben_golub
I read great applied JMPs on interesting & timely topics. Here's some writing advice from better scholars/writers than me. Advice I still struggle to follow. Once you have a draft, you've done the hard work: data collection & careful analysis. Now, get your message across!🧵1/n
As the school year kicks off & grad students start signing up to see profs, here are some thoughts about planning your research. To me, the 2 questions PhD students ought to ask themselves: 1. How will this research change people's beliefs? 2. Who are those people?
Hi Econ friends😊 If you are applying for masters or doctoral programs in Economics, please feel free to message me! I will make a group so we can connect: share our questions, insights, events, etc.
What it’s like doing research in government jobs? Check out my short article + some info applies beyond govt. Other early career info Susan Vroman Linda Hooks, co-editor aeaweb.org/content/file?i… 1/N
There are many problems with Difference-in differences design, but many of them can be addressed (or evaluated more clearly) If you follow a rule of 1) stack by event date, 2) insist on "clean controls."
A trivial proposal for improving the refereeing/editorial process: - we run experiments on literally everything (even water supply!), but not on ourselves - shouldn't we run some controlled experiment to test whether our reviewing/publishing process can be improved? 1/n
👇 Valuable summary thread by -- thank you! -- covering papers presented at day 1 of the Economics of AI conference. For day 2, see her separate thread here:
A really fun & thought-provoking past 2 days at the @nberpubs Economics of AI conference Kudos to @avicgoldfarb @joshgans @professor_ajay & @ce_tucker for designing such an innovative virtual conference - it was *almost* as if it wasn't virtual Some key learnings from Day 1:
Katherine Stapleton @KathAStapleton
Top 10 most powerful Economics departments measured by editorial roles at high ranking Econ journals.
A descriptive analysis of the representation and geographic diversity of editors at prestigious economics journals. The current draft of the working paper: https://t.co/6eoXn3yoyO Github Repository: https://t.co/S37KSGEJls
The Geographic Diversity Project @geo_diverse