Discover and read the best of Twitter Threads about #econtwitter

Most recents (24)

We have been building homes in rural Haiti over the last year and have completed 8 of 15. In the recent earth quake, these homes survived. I’m just starting a gofundme so we can begin the next 7. I committed myself to share it by EOD. #tweet100 gofund.me/fe3a9846
2/ Check out the link! It’s the first time I’ve ever run such a drive so if anyone has experience or feedback I’d love to hear it. The project origins: At the beginning of the pandemic lockdowns in spring 2020 our family first had to adjust to the shock to our own lives..
3/ but as we adjusted to the change our next thought was our friends at @MPM_Haiti mpmhaiti.org. Years ago, when I was first wondering how to go about charitable giving my friend @matt_belcher said I should talk to his friend Christian, who co-founded the charity..
Read 47 tweets
💡New paper (with the fantastic @BellaRen19 & @ME_Schweitzer @Wharton) examining the role of social motives in spreading misinformation/conspiracy theories.

Paper: tinyurl.com/4mch6mk9

Short🧵with results
#EconTwitter @DG_Rand @Sander_vdLinden @GordPennycook @jayvanbavel
1/n
2/N

Great research analyzing the dissimination of misinformation & what to do about it has been produced by @DG_Rand @Sander_vdLinden @GordPennycook @jayvanbavel... et al. (& their teams)

They show how pervasive misinfo spread is & how people reason at the individual level.
3/N

Here, we are interested in the *collective* dimension of misinfo spread. We focus on social motives (e.g., feeling of belongingness, norms etc.) as a motivating mechanism to spread conspiracy theories (CT).

Understanding these social dynamics is important. And challenging.
Read 9 tweets
Economist Bob Lucas said“Once you start thinking about (growth), it’s hard to think about anything else.” Here is my list of 20 favorite books on the global economy, why some nations are rich, others not. Suggestions, criticisms welcome #EconTwitter #HistoryTwitter #PolicyTwitter
1.The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics by @bill_easterly. An ex-@WorldBank economist asks the question what causes the growth and what traps countries into poverty?
amazon.com/Elusive-Quest-…
2.The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000 by Paul Kennedy. Great power ascendency [inevitably?] leads to military overstretch and decline
amazon.com/Rise-Fall-Grea…
Read 21 tweets
I'm sad and annoyed that my community is humiliating and ridiculing someone who has a deficient understanding of econometrics and was not modest about it. This is not the #EconTwitter I know and love.

A rope: 1/n
I can understand that it's frustrating for @Jabaluck and colleagues to pull of an amazing study and then have to deal with confident but wrong takes. I also understand getting impatient with them and clapping back a little at some point. But: 2/n
1. Losing our patience is not something to be proud of. *We are teachers.* We shouldn't kick down to people who don't get it. Even if they're obstinate about it: Others are watching. Humiliating people is distasteful, ineffective, and a partial mission failure. 3/n
Read 7 tweets
🚨New working paper🚨estimating the effect of #ecig taxes on teens authored with @JCMecon, @Courtemanche_CJ, @AboukRahi, @sammsafford, @AFriedmanPhD Dhaval Dave, Joe Sabia, and Bo Feng. #EconTwitter🧵

Paper: cheps.sdsu.edu/docs/e-cig-tax…
Press Release: bit.ly/38rm9B1

1/13
Most scientists believe #ecigs are safer than #cigarettes.

Regulating #ecigs such as with taxes therefore restricts access to a reduced-risk consumer product.

#Ecig taxes may reduce #ecig use, but they could also increase the use of more lethal forms of #nicotine.

2/13
31 states have enacted #ecig taxes, often with the stated goal of “protecting kids.”

The federal government is considering setting a federal #ecig tax at the same rate as the #cigarette tax.



3/13
Read 13 tweets
Hey econtwitter, protip: don't ban swathes of honest discourse if you don't want people to go to anonymous forums
one guy tweeted out "riots are bad, don't defund the police" and econtwitter started a petition against him, tried to ruin his life, tried to get him fired from multiple positions

There were a lot of people who I thought were reasonable that signed that petition
Let's read the controversial tweets that were worthy of being unpersoned one more time

Read 5 tweets
A summary thread and musings on Allen and Wrigley's theory of early pre-industrial urbanization in Britain. 1/ #econhist #EconTwitter #twitterstorians Image
Most pre-industrial societies were caught in a devastating low-level equilibrium trap: they had small cities (in absolute and relative terms) and unproductive agriculture (low crop yields and labor efficiency). 2/
To expand the cities and get more labor into industry, farms needed to become more productive—e.g. investment, land use optimization, crop experimentation, etc. for raising yields. 3/
Read 26 tweets
THREAD+NEWSLETTER: Urban demand, NOT agrarian capitalism, drove city growth in early modern Britain. 1/

If you enjoy this, please share! I rely primarily on word of mouth for spreading the good word. daviskedrosky.substack.com/p/london-calli… #EconTwitter #econhist
A classic view of British industrialization, dating back to Marx, holds that autonomous change in agriculture—enclosures, private property, large farms—increased worker productivity, supplying the growing cities with labor, food, and raw materials 2/
Crafts and Harley (2004), for example, find that French-style peasant farming would have had a significant "deindustrializing" effect by lowering urban employment.

The implication: capitalist farming permits city growth and explains British structural transformation. 3/
Read 8 tweets
Anyway, you guys get the idea. It's a Town Hall. Join in the discussion.

Here are some hashtags and other nonsense.

#FedTownHall #FedChair #K12EconEd #EconTwitter #TeachEcon #teachertwitter #finance #financialliteracy #econhistory #FedHistory

@federalreserve
@jeromehpowell
I mean, expect absolutely nothing, but here ya go
Of course they are. This dog and pony show is for kids and teachers by the way. This is what propaganda looks like.
Read 4 tweets
Why cities drove change in pre-industrial British agriculture, A THREAD (and newsletter daviskedrosky.substack.com/p/london-calli…): #EconTwitter #econhist

I've recently been privileged to join in some fun discussions with @pseudoerasmus and @antonhowes on the path of British development. 1/7
Pseudo, following Robert Allen and E. A. Wrigley, has been strongly emphasizing his argument that autonomous development in British trade and manufacturing provoked productive responses by farmers, allowing for structural transformation. 2/7

Anton has made similar arguments in his blog, emphasizing the role of a growing London in promoting specialization by comparative advantage in the English countryside. 3/7 antonhowes.substack.com/p/age-of-inven… Image
Read 7 tweets
A new memo from our AEA ad hoc committee on the job market has been posted. Happily, there is continued evidence of a major rebound in the demand for PhD economists. Summary w/ graphs follows... 1/7
#EconTwitter #EconJobMarket @AEAInformation @JOE_listings @EconSpark @AEACSWEP
As of 2021-07-30, the # of job openings on JOE for full-time academic jobs in the US is up 58.5% compared to same time in 2020 and is even up 25.6% compared to this time in 2019 (which was pre-COVID). #EconTwitter #EconJobMarket 2/7 Image
The # of job openings on JOE for full-time academic jobs outside the US is up 87.7% relative to 2020 and up 26.9% compared to 2019. #EconTwitter #EconJobMarket 3/7 Image
Read 7 tweets
The Industrial Revolution was NOT caused by institutional reforms. A THREAD (and a newsletter): #econhist #EconTwitter

Acemoglu and Robinson, in *Why Nations Fail*, argue that the Glorious Revolution created "inclusive institutions" that started British industrialization. 1/4
Their claims are premised on the notion that Glorious Revolution made Parliament an open-access institution where wealth-holders could constrain the monarchy and protect their property rights.

They hold that this promoted investment and later enabled modern growth. 2/4
But that doesn't fit the facts. Parliament remained elite-dominated, there was no discontinuous change in property rights (which had been secure since the Middle Ages), and the merchants in Parliament used the body to enrich themselves. 3/4
Read 8 tweets
Can changing labor market returns help explain observed trends in cognitive skills in developed countries? Our new @nberpubs WP, with @santiagohermo @SeimSeim and Jesse Shapiro, argues they can.
#EconTwitter @SU_Economics @Brown_Economics
nber.org/papers/w29135
A short thread:
An influential literature in cognitive science has documented substantial gains cognitive skills across birth cohorts in developed countries, known as the "Flynn effect". 1/10
These gains are especially pronounced for "fluid intelligence", a notion of general reasoning skills. In contrast, there are much more muted gains – or even declines – for "crystallized intelligence", typically measured using knowledge assessments such as vocabulary tests. 2/10
Read 12 tweets
Tomorrow is jobs day and everyone wants to know how early cut off of pandemic benefits will affect employment

I can tell you the answer tonight... you won't learn anything tomorrow‼️

no state data are released ‼️

🧵 on evidence from 5 other data sources that *are* by state
TLDR: four data sources point to no significant/detectable effect, one data source finds a decrease in employment. issues with parallel trend assumptions and inference are plentiful though.
1) The BLS releases state-level employment estimates based on the establishment survey two weeks after the national numbers. For July data, have to wait until August 20. Analysis of the June state-level estimates is here. Looks like a noisy zero.
Read 11 tweets
🚨New working paper alert🚨

My first paper coming out of a my recent obsession with vaccination lotteries:
people.ucsc.edu/~jwest1/articl…
Curious about how effective these giveaways were these last couple months? Jeremy West and I attempt to answer this question.
Thread 👇
First, unless you live in a cave, you're surely aware that vaccine hesitancy is a real problem specifically in the US, but also in the first world more generally. This is a map of vaccine hesitancy rates in the US. FYI - "vaccine hesitancy" is "prob or def not getting vaccine".
Well, Ohio decided to gamble on May 12 with a novel policy, the COVID vaccination lottery (what we coin a "CCL" -- conditional cash lottery), offering exclusive admission to a lottery upon getting a first dose of any of the COVID vaccines available in the US.
Read 13 tweets
Excited to share this new journal article, I co-authored with Beiling Yan, that’s now published in Canadian Public Policy (by @utpjournals): utpjournals.press/doi/full/10.31…

#CdnEcon #Econtwitter
...Our goal in this paper was to analyze the potential to increase Canada’s exports and foreign direct investment abroad.

To do so, we constructed a unique administrative dataset @StatCan_eng with detailed information for millions of firms that operated in Canada from 2010-15.
...Our big research challenge: how do you identify “potential” exporters?

In the past, people surveyed firms to ask if they could become future exporters.

But you might worry that approach may be unreliable, if some firms say “yes”, even if they aren’t serious exporters.
Read 13 tweets
(1/11)

Thread about the publication process in Economics. It is inefficient. It probably made sense pre-Internet, but it is clearly antiquated by now.

It may not be the best solution, but I have a proposal. And I'm curious to hear other proposals from #EconTwitter
(2/11)
Let's start with the problem: the typical paper gets published after being rejected by many journals. Authors start aiming higher than expected, and if it doesn't go through, eventually they start "going down" to less selective journals. This is incredibly inefficient.
(3/11)
This sequential process means that a paper may take several years until it is finally accepted, mostly because it is waiting for editors and referees to do their job. So many referee reports and decision letters are a monumental waste of time for the editors and referees.
Read 11 tweets
Working on revising my jmp, I realized I did not see any thread summarizing the 2017 US Economic Census concentration results, released some months ago. I do so here.
#EconTwitter
1/n
Background: There have been many papers documenting an increase in industrial concentration in the US and other developed countries lately. It does not necessarily mean an increase in the market power of large firms, but the trend worried academics and policymakers.
2/n
Here I use publicly available US Economic Census data from 1997-2017. Caveat: I use 5-digit NAICS codes (about 600 sectors), not 6, to get a cleaner comparison over time. Trade-off: a more disaggregated classification might put us closer to concentration in product markets.
3/n
Read 17 tweets
I have a new working paper out on “#Crypto Premium and Jump Risk” with Paolo Santucci de Magistris #EconTwitter Link: ssrn.com/abstract=38891… [1/n]
The paper shows that sudden and large price moves in bitcoin prices (jumps) explain a large portion in the variation in bitcoin returns [2/n]
Study tail-risk in crypto markets is important for at least two reasons 1/ is tail-risk priced similarly to that in equity markets? 2/ to characterize the SDF of the marginal investor and price alternative cryptocurrencies and tokens and do risk-management [3/n]
Read 10 tweets
Millions of people have had federal UI benefits cut off

Stated goal: speed the labor market recovery.

Is it working?

Tldr: It’s going to be really hard to use state employment data to do a good job of answering this question.

Looks like a noisy 0
So far, 26 governors have announced plans to cut off at least some federal benefits. 20 are cutting off all benefits by July 5. This is where we might expect to see the biggest effects.
In those states, over 1 million people had their benefits fully cut off and another 1+ million people lost the supplement by July 5.
Read 17 tweets
Hi, everyone. As I slowly get up to speed on #socialmedia, I thought I'd take a moment to introduce myself: @Stanford Economics Professor, @SIEPR Director, @MIT & @Harvard alum, @NBER Research Associate, @WhiteHouseCEA alum, aspiring #marathoner, and #Boston sports fan.
On this channel, you can expect to hear some of my thoughts on #economicpolicy at the federal, state, and local level in the United States. My hope is to give those with an interest a deeper understanding of gov't policies through a nonpartisan, data-driven lens. #EconTwitter
Until my next post, I'll be training for the @HNLmarathon and hoping the @RedSox stay strong after the all-star break. Stay-tuned, enjoy the summer days, and talk soon!!
Read 3 tweets
On Saturday, I will present my working paper to the 9th @ecineq Meeting. Its my 2nd dissertation chapter on the role of firm competition in wage inequality.

It is my first ECINEQ presentation, so I am honored and excited!

ecineq2021.org/sessions/i7-wa…

#ecineq2021 #econtwitter Image
I link turbulent competition between firms and turbulent dynamics of wage increases, roughly following Marx’ intuition: “The competition between workers is only another form of the competition among capitalists.” (Grundrisse, p. 651 in the 1999 Penguin Edition) Image
The intuition is that the same structural differences between industries which define firm competition, ie. capital structure and cost structure, also define maximum limits to wage increases.

Over time, these manifest in industrial wage inequality. Image
Read 12 tweets
"I fear we are entering a world so “well-informed” about affective polarization, and with Woke concepts so globalized, that at some point the majority of the Democratic economists won’t talk sense ..." @tylercowen marginalrevolution.com/marginalrevolu…
being labeled a Woke economist by Tyler and political by other academic mentors is weird. but, hey, Janet Yellen is a hack now too, so they tell me. in good company. honestly, people like Tyler are the ones polarizing us. doesn't make any sense from what I know of his worldview.
my entire macromom blog from start to now argues how the lack of diversity and inclusion in economics -- on many, many dimensions -- is undermining our economic policies and our science. macromomblog.com kind of obvious. and I learned the argument partly from Tyler.
Read 5 tweets
Lesenswerter Beitrag @stffhaag & Elena Goschin @agora42 über »Rassismus« & Mainstream-VWL & warum Letztere nur wenig davon versteht. ⬇️👉agora42.de/oekonomie-disk… (ht @PluralEcon)

Cc #EconTwitter @PluralEcon_Wien @econ4future_DE @oxi_blog @AchimTruger @eug_de @WOetsch 1/6
Der Beitrag zeigt gut, wie verengt das standard-ökonomische Blick ist. Selbst wenn Ökonom:innen sich mit »Rassismus« beschäftigen, wird das Problem in aller Regel nicht wirklich erfasst. 2/6
Read 7 tweets

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