@b_pecoraro @richpriz Thanks for clarifying. I haven’t thought about it much, but my instinct is that it’s the public-vs-private margin that matters (not C-vs-passthru). The market cap of private Cs is not common knowledge. So if there is an exclusion by biz type, I’d expect private Cs to be excluded.
@goodmanl I don’t think that’s quite right. People see concentration of resources and imagine a world with the same output but everything is (magically?) distributed equally per capita. If we had that system instead of capitalism, then… [insert utopian outcome here]
@corbinlmiller No, it can be common knowledge that you’re being sarcastic and the joke could still work brilliantly. Trolling doesn’t work if it’s common knowledge that you’re trolling. That’s a failed trolling attempt.
#EconTwitter Office of Tax Analysis at Treasury is hiring RAs; this is a wonderful opportunity for budding economists. You have the chance to work with world-class economists on important problems using the best data available! And as a bonus, the culture is supportive and fun.
@goodmanl Leaning yes. I’d love to live in a world where tipping is rare. Tips exhibit racial bias (probably other biases too). Need a coordinated move to get to the new equilibrium.
New #FEDSNote shows Census data understated the increase in unemp. benefits in 2020 - particularly among low-income families. As a result, official poverty rates were overstated by about 2 pct. points, and corrected poverty reached a 6-decade low: https://t.co/30Vvd5FZqw
New work analyzing the returns to Army service in the 90s and 00s and how they vary by race with @greenberg_k@AdamIsen1@corbinlmiller@Richwpatt is just accepted at the QJE: https://t.co/Vz65jEJs2B 🧵👇1/9
After 5 yrs of iterating on math, simulations, writing, we updated our working paper on clustering. Lots of time working on single formulation that captures intermediate cases, simple after-the-fact, math matches intuition. https://t.co/N7brc2z0Th