If you were behind a Rawlsian veil of ignorance, would you choose a society that -
has a child allowance/payment to alleviate child poverty
OR
forgives the loans the most educated/highly paid people in society took out to pay for their advanced schooling?
It is regrettable that many Western commentators repeated Putin’s narrative that the problem came from an aggressive NATO expansion aimed at encircling Russia.
Time for a reset of narratives. Here are some simple insights, informed by our work on the game theory of alliances. 🧵
I come across the following reasoning often: The effect of X1 on Y and of X2 on Y should be >0. Thus, I'm going to estimate a diff-in-diff where the hypothesis is that X1*X2 has a positive effect on Y. What's the shortest, most intuitive way to explain the flaw in this logic?
Here's a look at the #AmericasTransportationAwards MAASTO region winners.
@MoDOT_KC — Kansas City Divergabout Project
The design means better traffic flow & less congestion, increasing safety. The improved capacity reduces delays, letting people get where they're going faster.
Economists: policies have tradeoffs. I would like to see what these tradeoffs are
Practitioners: NO
E: I have spent 2-3 years gathering data to show-
P: NO NONONOOOOO
E: But, if you just look at-
P: NO! nO No NO
E:
P: .......NOPE
E: 😪
20 years ago today (!), I defended my dissertation. To celebrate this anniversary, let me offer up 10 thoughts/opinions about being a PhD student and 10 about being an advisor. #phdlife#AcademicTwiiter#PhdChat
I have finally completed the creation of a national dataset of property transactions (Zillow Ztrax) merged with HMDA (Home Mortgage Disclosure Act) homebuyer data for 1995-2016. This is a great dataset to observe the income and race of people moving into neighborhoods. 1/2
As requested, slower graphs! Also added a graph on collider bias, the webpage explanation helps there.
These graphs are intended to show what standard causal inference methods actually *do* to data, and how they work.
This is what controlling for a binary variable looks like:
Just added to my website: A list of econ of crime conferences, & conferences that typically include multiple sessions dedicated to this field. If you're looking for feedback on crime-related econ research, these are the places to submit your work!
https://t.co/ti8YaWnoo5
The grad-school me, who spent months of his youth in moldering archives doing this by hand, weeps silently. But wow, what an amazing tool. (HT @hpostel)
Today seems like a good day to share newsworthy facts that surprise no one. In that vein: CA's metros have some of the highest rents, but build fewer apts than predicted, based on rent levels. Shocking, right?