Wow! Big news for economic history research. All of the data in the Historical Statistics of the US is now available ungated. Previously you had to pay $6 per table if your library didn't have access
https://t.co/tbZd21Tznz
Many of us are trying to figure out where the AI labor market transition may be going. But that's fundamentally unknowable. So instead of trying to predict the future we can instead look back to try to figure out what may be coming...by reading 19th c english literature 1/
People often claim there are "2 types of people". For this to be true for ANY continuously varying trait, you'd need there to be a bimodal distribution - basically, two separated bumps in the data. Some people claim this is incredibly rare. But is it? We investigated: 🧵
Someone else said:
“Art Nouveau is when it looks made by elves.
Art Deco is when it looks made by dwarves.”
And after looking into it, I think they’re a genius and 100% correct.
Need a way to remember which statistical error is type 1 and which is type 2? Here’s the trick that finally helped me:
In “the boy who cried wolf” the townspeople make type 1 and type 2 errors, in that order.
First they think there’s a wolf when there isn’t one (false positive).
Then they think there’s no wolf when there is one (false negative).
In which Bernanke, Boskin, Furman, Heckman, Hubbard, Stiglitz & over 100 other CEA alums (including yours truly) agree that support for the Current Population Survey is vital. Policymakers need good data to understand the economy and make good policy!
https://t.co/BYmMY7nzvE
We urgently need organizations to sign a letter to avoid dangers to Current Population Survey (source of the #Unemployment rate) if @BLS_gov isn’t adequately funded in FY2025. BLS will cut CPS sample by 5K soon. Please sign here by COB 9/23: https://t.co/6qd1X3g6ly
🚨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: https://t.co/W6J6ME8AsG
🧵1/N