I still haven’t wrapped my head around all of this but what is here is certainly, clearly disgusting.

I was reading Nordhaus's famous paper on the price of light the other day and it occurred to me that, even though it's more interesting than 99% of papers in top 5 journals, it could never be published in a top 5 journal because it doesn't have the "right" kind of structure.

At very long last, my and Jan Stuhler’s long-running paper is forthcoming in JPE We illustrate the complexities when interpreting intergenerational mobility trends in relation to policy changes or other shocks. It’s been a love-and-hate relationship journals.uchicago.edu/doi/10.1086/72…

Thread on new wp: measuring forward-looking welfare is challenging due to unobservable factors like state-contingent plans, future beliefs, and preference parameters. This typically requires strong assumptions and fully-spelled out structural model. 1/N nber.org/papers/w32567

Labor productivity and TFP growth in manufacturing have seen a huge slowdown since 2010. What is going on? Danial Lashkari and I find this pattern is pervasive: even the fastest growing industries and largest firms have seen significant growth deceleration. More here:

absolutely incredible scenes in walthamstow where the community has mobilised in massive numbers to protect muslims from a rumoured right-wing fash protest in the area. this is what the real britain looks like! proud of these people!

Forthcoming in AER: Insights: "The Broad Decline in Health and Human Capital of Americans Born after 1947" by Nicholas Reynolds. aeaweb.org/articles?id=10…

Was the Great Stagnation ultimately a human capital problem starting in 1948? bloomberg.com/opinion/articl…

🔔New paper🔔 In the era of AI and rapid Natural Language Processing (NLP) advances, how should economists choose the right NLP model? Our work provides insights focusing on a patent analysis application. With Jeffrey Lin Ina Ganguli 🇺🇦 🌻🪷 Nicholas Reynolds 🧵1/13 nber.org/papers/w32934?…

A comprehensive guide for selecting and applying Natural Language Processing representations of patent text, from Ina Ganguli 🇺🇦 🌻🪷, Jeffrey Lin, Vitaly Meursault, and Nicholas Reynolds nber.org/papers/w32934

@dingding_peng Rafe Meager (they/them) A very useful primer to make researchers aware of the issues. In case of interest here is a paper I wrote on this a while back: onlinelibrary.wiley.com/doi/10.1111/j.…