Some cool evidence from ~37,000 software development projects on github: when a lot of juniors join a project at once relative to the number of seniors, fewer of them successfully get up to speed, apparently because senior staff have limited attention to spend on mentoring
@t_holden Interesting, thanks! I still find myself somewhat skeptical that there’s enough signal in the HF monetary shocks to be super confident about the results of any classic, time-series-style estimate.
I don’t know if American youth sports have gotten too intense, but my childhood soccer team now plays with a giant Amazon logo on their jersey and that does feel like a sign of something.
@arpitrage@eni_iljazi I was always given the impression that at many places PhD programs are mostly amenities for faculty, and that the thing that prevents cuts to the size of PhD programs is the fear that faculty will leave
Forthcoming in AEJ: Applied Economics: "Forward-Looking Labor Supply Responses to Changes in Pension Wealth: Evidence from Germany" by Elisabeth Artmann, Nicola Fuchs-Schündeln, and Giulia Giupponi. https://t.co/jMLyKDG5YT
For the newly relaunched Magazine, I wrote about the complete reshaping of human culture by the Phone, and our weakness before it — and how it reminds me of a canonical A.I. doom scenario. https://t.co/6pxslAPXN0
Reading Hollinghurst and thinking about how if some movie producer had listened to me ~5 years ago and adapted The Strangers Child with Jacob Elordi and Timothee Chalamet, we could both be approximately $1 trillion richer and also have saved Hollywood.