Favorites October 14th 2021
Noah Smith 🐇@Noahpinion
We need to have variant-specific boosters every year like for flu vaccines.
Bob Wachter @Bob_Wachter
Must-read thread on the likeliest Covid end-game. Bottom line: an ongoing state w/ approx 40-100k deaths/yr in US, about double the toll of flu. A tragic new societal burden, yet probably not bad enough to lead to the super-high vax/booster & mask rates that might drive it down. https://t.co/Gq0gtVoVsb
7:15 AM · Oct 14, 2021
12 Reposts · 67 Likes
Here's the linked thread with more details, we're going to need to get better at making effective boosters manufactured and distributed each year.
Graph Crimes@GraphCrimes
7:36 AM · Oct 13, 2021
5.7K Reposts · 101K Likes
There's a lot going on here
Justin Wolfers@JustinWolfers
Everything is adorable about watching Guido Imbens' kids interview him after winning the Nobel. Utterly delightful to see Guido's love for his kids shine through in every moment, even as they grill him as hard as you might imagine @Susan_Athey's kids would
youtu.be
Stanford economist and Nobel laureate Guido Imbens discusses his work with his kids
2:37 AM · Oct 14, 2021
36 Reposts · 200 Likes
His eldest described an idea for an experiment that now I want to know the results of!
Samuel Hammond 🌐🏛@hamandcheese
New study using Norwegian administrative data finds earnings elasticities from tax incentives are 70% lower than structural models predict because of information frictions.
Relevant to the debate over the CTC's / EITC's phase-in.
dropbox.com/s/msqaqfp0amzn…
Andreas R. Kostol @AndreasKostol
Comparing people receiving the letter to those not receiving it allows us to estimate the earnings elasticity /w without information. We find that the earrings elasticity doubled from 0.06 to 0.15 due to the information treatment. 5/8
5:03 PM · Oct 14, 2021
12 Reposts · 54 Likes
Shorter: making your policy complicated makes it less effective because people don't understand it.
Noah Smith 🐇@Noahpinion
Is store theft increasing because Amazon makes it easy to fence stolen goods?
Sam D'Amico @sdamico
@Noahpinion I didn’t realize how easy it was to sell stuff on Amazon — think that may have supplanted the higher friction old way of sending any electronics stolen from cars abroad via a shipping container and selling at electronics markets. https://t.co/5CCCRc7vdF
5:23 PM · Oct 14, 2021
19 Reposts · 108 Likes
Yglesias has a whole article about how Amazon doesn't negatively impact labor markets it enters. But the frictionless marketplace does have downsides, they're just, unexpected.
NBER@nberpubs
Night lights data reveal a significant negative impact of the US-China tariff war that was highly skewed across locations within China, from Davin Chor and Bingjing Li nber.org/papers/w29349
5:00 PM · Oct 14, 2021
24 Reposts · 53 Likes
When they say "night lights" they mean that literally. What an interesting way of investigating economic outcomes.
