🧵on 2SLS w/ ranks Binary treatment W, binary IV Z, continuous Y Ideal causal estimand: rank-LATE (rank-ATE for compliers, see following 🧵 for def) Q: Does 2SLS on rank(Y) estimate rank-LATE under standard IV assumptions (randomized IV+exclusion+monotonicity)? A: No! 1/n

Periodic reminder that if you're not using BibTeX Converter for adding BibTeX entries, you're doing it wrong chatgpt.com/g/g-4edrlrF3V-…

Thrilled to have annapappp present a newly revised (and augmented) version of our paper "Rain Follows the Forest: Land Use Policy, Climate Change, and Adaptation" at the NBER SI on Monday. We look forward to your comments! nber.org/conferences/si…

This is an impressive study on an important policy topic: guaranteed income! I’m seeing many people interpret the results as “negative” or “bad” from an *economic* policy standpoint I don’t think those conclusions are warranted using economic arguments 🧵

🚨Public good alert! 🚨#EconTwitter The public-use NUMIDENT is now available for download with nearly 50 million death records and 25 million claims records (1936-2007)! Link: doi.org/10.3886/E20720… 🧵1/N

Giglio et al on “The Economics of Biodiversity Loss” is an excellent contribution to thinking about the effects of biodiversity on the economy. However, I think it also highlights a key tension between theory and evidence in this field. nber.org/papers/w32678

Long digressive footnotes show great concern for the reader! More than mere concern, in fact. They offer complicity. They are a generous gift of a subplot. An invitation to a more private, quirkier intellectual journey. The best ones contain a map for an entirely new adventure 1/

Every summer women's employment drops sharply, while men’s is stable. Why? School closures for summer break. Just Accepted new paper by Brendan M. Price and Melanie Wasserman zurl.co/2EY3

Live-tweeting Karthik Muralidharan's presentation on state capacity at NEUDC. Simple story of India's economy: - Top 10% drives demand and growth - Next 30-40% in service sector jobs supporting the top 10% - remaining 50% left out, supported by welfare programs Seems suboptimal 1/n

The bacteria in your gut depend on where you are in the social network. And the microbes within us treat our social networks as the extended environment in which they thrive. They can spread from person to person. New #HNL work out today in nature. 1/

Super excited to publicly launch "All Day TA", a product Joshua Gans and I have been working on with our team over the last year. Short version: if you teach in spring, you will want to use this! It's the future of higher education. A short thread: 1/x

The ol' JMP getting some attention in The Atlantic

We examine the hypothesis of suicide contagion within in the workplace 🧑‍💼👩‍💼👩‍🏭🧑‍🏭. - Hypothesis: Does the exposure to a coworker's suicide increases an individual's suicide risk? -Data: High-quality admin data from 🇦🇹 -Method: We compare with an event study approach approx.

Fear after police fatalities leads to fewer low-level arrests, but crime rates stay unchanged. Just Accepted new paper by Sungwoo Cho (Sungwoo Cho), Felipe Gonçalves, and Emily Weisburst zurl.co/mxmeK

Just published in Journal of Public Economics: "Between a rock and a hard place: The costs and benefits of expanded unemployment insurance benefits" By Naser Hamdi, Ankit Kalda, & David Sovich sciencedirect.com/science/articl… #econtwitter

Economic inequality has not always been a feature of market economies. I show using new data from pre-industrial Japan, 1637-1872, that the Japanese had managed to keep inequality low for centuries without massive state intervention. How did they do it? 1/n

Quick Stata tip: I've added 43 new tips to my book, bringing the total to 140. You can download "Quick Stata Tips" and the accompanying .do file for free at toddrjones.com/quickstatatips/

This full-time, pre-doc RA position working with labor, public, and education economists in OEMA and the Economics Program at West Point is an excellent opportunity to develop skills and work with a great team. Econ RA Listings otie.hrmdirect.com/employment/job…

Honored to discuss the captivating and polarizing "AI-Powered (Finance) Scholarship" by Novy-Marx+Mihail Velikov, at Tania Babina 🇺🇸 🇺🇦's AI conference yesterday! Thought I'd share my view here 🧵

Around 1.2 million people are hospitalized involuntarily due to mental illness in the US each year. Policymakers are thinking of expanding such programs across the country. We conducted the first study to determine the causal effects of involuntary hospitalization.