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Adam A. Millsap Profile picture
@AA_Millsap
Jul 24, 2019 • 3 tweets • 2 min read • Read on X
Interesting new paper on #gentrification #housing2019 1/3 cdn.theatlantic.com/assets/media/f… Image
#Gentrification may actually complement moving-to-opportunity type programs "Overall, we find that many original residents, including the most disadvantaged, are able to remain in gentrifying neighborhoods and share in any neighborhood improvements." 2/3 Image
Whole paper is interesting and to me it further reinforces notion that cash subsidies for housing is better policy than building #PublicHousing that locks people in certain neighborhoods 3/3

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More from @AA_Millsap

Adam A. Millsap Profile picture
Oct 5, 2020
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
2/n Creative destruction-"In this process, as the norm, firms, including large firms, do not remain the same for long, as they are continuously replaced by new entrants." Yet some large firms remain large for decades e.g. @ATT, @Nestle . How pervasive is this & why does it occur?
3/n Paper considers 3 reasons: 1)Regulatory capture - "large business enterprises exploit the regulatory process to their advantage by, among other ways, erecting regulatory barriers to entry." as explained by Stigler and Petlzman
Read 14 tweets
Adam A. Millsap Profile picture
Sep 3, 2020
Here's a crazy thought: Has anyone ever considered that @amazon's dominance is due to the fact that it delivers things accurately and on time at a rate that exceeds their competitors? Because that is my experience.
I'm glad so many agree! To add some context, 2 recent events inspired this. My wife was missing 4 items from a recent Bath&Body works order but she had to call them after a couple days to confirm they made mistake & could ship in another package or provide refund. She took refund
She ordered something from Disney for a trip planned for next yr. Item comes to Arlington, VA but then inexplicably gets sent to MA. She gets on phone with USPS after an hour and they say not sure why that happened, but don't worry, it's coming back. So we'll see.
Read 4 tweets
Adam A. Millsap Profile picture
Jul 10, 2019
There are plenty of high-quality studies that find that a higher #MinimumWage reduces employment opportunities for lower-skilled workers & has other adverse effects. @andrewvandam ignores them all in this inaccurate piece in @washingtonpost --thread washingtonpost.com/business/2019/…
reduces job growth jhr.uwpress.org/content/51/2/5…
significant negative effects on employment and income growth when raised during a downturn sciencedirect.com/science/articl…
Read 10 tweets
Adam A. Millsap Profile picture
Mar 9, 2018
Total nonfarm payroll employment increased by 313,000 in Feb. & the unemployment rate was unchanged at 4.1%...Employment rose in construction, retail trade, professional & business services, manufacturing, financial activities, & mining. bls.gov/news.release/e… #JobsReport
Total age 25-54 (prime age) Labor Force Participation rate on upward trend back to pre-recession level Image
female 25-54 LFP rate has nearly reached pre-recession level #JobsReport Image
Read 5 tweets

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