Reposted by Paul Madsen
🚨 New working paper alert 🚨
We study IRS officials' personal investments in stocks, their profitability, and relation to future tax enforcement. We use disclosure forms made public by @wsj.com and construct a transaction-level dataset, matching 5,249 transactions across five years to databases. 🧵 ->
We study IRS officials' personal investments in stocks, their profitability, and relation to future tax enforcement. We use disclosure forms made public by @wsj.com and construct a transaction-level dataset, matching 5,249 transactions across five years to databases. 🧵 ->
IRS Officials' Stock Holdings and Corporate Tax Outcomes
We investigate the information content of personal stock trades by IRS officials. We collect transaction-level data on over five thousand IRS officials' persona
papers.ssrn.com
May 21, 2025 at 11:21 PM
🚨 New working paper alert 🚨
We study IRS officials' personal investments in stocks, their profitability, and relation to future tax enforcement. We use disclosure forms made public by @wsj.com and construct a transaction-level dataset, matching 5,249 transactions across five years to databases. 🧵 ->
We study IRS officials' personal investments in stocks, their profitability, and relation to future tax enforcement. We use disclosure forms made public by @wsj.com and construct a transaction-level dataset, matching 5,249 transactions across five years to databases. 🧵 ->
Universities Deserve Special Standing - The Atlantic
May 3, 2025 at 4:18 PM
Universities Deserve Special Standing - The Atlantic
Reposted by Paul Madsen
The lesson of the "China shock" isn't actually about trade. It's about how hard it is for workers and communities to adapt to rapid economic changes. Now Trump is trying to reshape the global economy overnight, with potentially devastating consequences.
#EconSky
www.nytimes.com/2025/04/11/b...
#EconSky
www.nytimes.com/2025/04/11/b...
The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned. (Gift Article)
Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.
www.nytimes.com
April 11, 2025 at 3:33 PM
The lesson of the "China shock" isn't actually about trade. It's about how hard it is for workers and communities to adapt to rapid economic changes. Now Trump is trying to reshape the global economy overnight, with potentially devastating consequences.
#EconSky
www.nytimes.com/2025/04/11/b...
#EconSky
www.nytimes.com/2025/04/11/b...
Reposted by Paul Madsen
I’ve long used FiveThirtyEight’s interactive “Hack Your Way To Scientific Glory” to illustrate the idea of p-hacking when I teach statistics. But ABC/Disney killed the site earlier this month :(
So I made my own with #rstats and Observable and #QuartoPub ! stats.andrewheiss.com/hack-your-way/
So I made my own with #rstats and Observable and #QuartoPub ! stats.andrewheiss.com/hack-your-way/
March 20, 2025 at 6:30 PM
I’ve long used FiveThirtyEight’s interactive “Hack Your Way To Scientific Glory” to illustrate the idea of p-hacking when I teach statistics. But ABC/Disney killed the site earlier this month :(
So I made my own with #rstats and Observable and #QuartoPub ! stats.andrewheiss.com/hack-your-way/
So I made my own with #rstats and Observable and #QuartoPub ! stats.andrewheiss.com/hack-your-way/
Reposted by Paul Madsen
Theodor Geisel aka
Dr. Seuss, was the chief editorial cartoonist for a New York newspaper during the Second World War. Drawn over 80 years ago, yet still is relevant today.
Dr. Seuss, was the chief editorial cartoonist for a New York newspaper during the Second World War. Drawn over 80 years ago, yet still is relevant today.
March 14, 2025 at 10:40 PM
Theodor Geisel aka
Dr. Seuss, was the chief editorial cartoonist for a New York newspaper during the Second World War. Drawn over 80 years ago, yet still is relevant today.
Dr. Seuss, was the chief editorial cartoonist for a New York newspaper during the Second World War. Drawn over 80 years ago, yet still is relevant today.
Reposted by Paul Madsen
ProPublica looked into science grants that Ted Cruz's team flagged as "radical" and "neo-Marxist" and, uh.
This would be good comedy if it didn't matter so much www.propublica.org/article/ted-...
This would be good comedy if it didn't matter so much www.propublica.org/article/ted-...
March 3, 2025 at 3:45 AM
ProPublica looked into science grants that Ted Cruz's team flagged as "radical" and "neo-Marxist" and, uh.
This would be good comedy if it didn't matter so much www.propublica.org/article/ted-...
This would be good comedy if it didn't matter so much www.propublica.org/article/ted-...
Dean Karlan is a hero. This is tragic.
Why Dean Karlan, Chief Economist of USAID resigned yesterday:
"I was ready to rebuild from wherever we ended up to identify the most effective programs, figure out how to get them back in place, and to recommend new awards.
But I received no response. Zero engagement."
www.npr.org/sections/goa...
"I was ready to rebuild from wherever we ended up to identify the most effective programs, figure out how to get them back in place, and to recommend new awards.
But I received no response. Zero engagement."
www.npr.org/sections/goa...
Why Dean Karlan, chief economist of USAID, resigned on Tuesday
He was hired in 2022 so the aid agency could get 'more bang for our buck' with its projects. He tried to reach out to help in the rebuilding of the agency. On Tuesday he tendered his resignation.
www.npr.org
February 28, 2025 at 12:58 AM
Dean Karlan is a hero. This is tragic.
Reposted by Paul Madsen
Seeing Chip Carter's beautiful eulogy is reminding me of a fancy-people thing that I never learned until well into adulthood.
Chip is a nickname for a guy named after his dad.
Skip is a nickname for a guy named after his grandfather.
Trip is a nickname for a guy named after his dad AND grandfather.
Chip is a nickname for a guy named after his dad.
Skip is a nickname for a guy named after his grandfather.
Trip is a nickname for a guy named after his dad AND grandfather.
January 9, 2025 at 5:33 PM
Seeing Chip Carter's beautiful eulogy is reminding me of a fancy-people thing that I never learned until well into adulthood.
Chip is a nickname for a guy named after his dad.
Skip is a nickname for a guy named after his grandfather.
Trip is a nickname for a guy named after his dad AND grandfather.
Chip is a nickname for a guy named after his dad.
Skip is a nickname for a guy named after his grandfather.
Trip is a nickname for a guy named after his dad AND grandfather.
Reposted by Paul Madsen
"The most recent data indicates that abortion bans come at the cost of more than 36,000 residents per quarter...more for single-person households...also suggestive evidence of impacts for states that were hostile towards abortion in ways other than having total bans." www.nber.org/papers/w3332...
Are People Fleeing States with Abortion Bans?
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
January 6, 2025 at 3:20 PM
"The most recent data indicates that abortion bans come at the cost of more than 36,000 residents per quarter...more for single-person households...also suggestive evidence of impacts for states that were hostile towards abortion in ways other than having total bans." www.nber.org/papers/w3332...
Reposted by Paul Madsen
New paper out from our NSF Collaborative grant testing the widely used minimal group paradigm across multiple racial groups in the US! Overall, minimal group effects hold, but exploratory analyses show stronger effects with older kids and White kids. #psychology
www.sciencedirect.com/science/auth...
www.sciencedirect.com/science/auth...
www.sciencedirect.com
December 29, 2024 at 11:24 PM
New paper out from our NSF Collaborative grant testing the widely used minimal group paradigm across multiple racial groups in the US! Overall, minimal group effects hold, but exploratory analyses show stronger effects with older kids and White kids. #psychology
www.sciencedirect.com/science/auth...
www.sciencedirect.com/science/auth...
Reposted by Paul Madsen
One of my absolute favorite studies on family background influence on income is this paper by Björklund, Linddahl, and Lindquist (2010).
Finding: FB influence extends way beyond that of socioeconomic factors. Rearing styles really matter!
#sociology #econsky
www.degruyter.com/document/doi...
Finding: FB influence extends way beyond that of socioeconomic factors. Rearing styles really matter!
#sociology #econsky
www.degruyter.com/document/doi...
What More Than Parental Income, Education and Occupation? An Exploration of What Swedish Siblings Get from Their Parents
Sibling correlations are broader measures of the impact of family and community influences on individual outcomes than intergenerational correlations. Estimates of such correlations in income show tha...
www.degruyter.com
December 15, 2024 at 7:41 AM
One of my absolute favorite studies on family background influence on income is this paper by Björklund, Linddahl, and Lindquist (2010).
Finding: FB influence extends way beyond that of socioeconomic factors. Rearing styles really matter!
#sociology #econsky
www.degruyter.com/document/doi...
Finding: FB influence extends way beyond that of socioeconomic factors. Rearing styles really matter!
#sociology #econsky
www.degruyter.com/document/doi...
Reposted by Paul Madsen
Our recent paper, in ASR: While many sociologists assume that people turn to their “strong ties” when they need a confidant, people are actually as likely to avoid as to talk to their closest friends and family.
doi.org/10.1177/0003...
1/
doi.org/10.1177/0003...
1/
December 4, 2024 at 4:42 PM
Our recent paper, in ASR: While many sociologists assume that people turn to their “strong ties” when they need a confidant, people are actually as likely to avoid as to talk to their closest friends and family.
doi.org/10.1177/0003...
1/
doi.org/10.1177/0003...
1/
Reposted by Paul Madsen
The end of development #economics
Ravi Kanbur sees the distinction between development economics and economics in general as being increasingly untenable and indeed unnecessary. #2024inReview #EconSky 📈📉
cepr.org/voxeu/column...
Ravi Kanbur sees the distinction between development economics and economics in general as being increasingly untenable and indeed unnecessary. #2024inReview #EconSky 📈📉
cepr.org/voxeu/column...
December 24, 2024 at 11:11 AM
The end of development #economics
Ravi Kanbur sees the distinction between development economics and economics in general as being increasingly untenable and indeed unnecessary. #2024inReview #EconSky 📈📉
cepr.org/voxeu/column...
Ravi Kanbur sees the distinction between development economics and economics in general as being increasingly untenable and indeed unnecessary. #2024inReview #EconSky 📈📉
cepr.org/voxeu/column...
Reposted by Paul Madsen
You may have heard that it took a long time for penicillin to be scaled up.
What about other antibiotics? How long did it take for them to be mass produced and introduced clinically, after they were discovered?
I created a visualization of this here:
What about other antibiotics? How long did it take for them to be mass produced and introduced clinically, after they were discovered?
I created a visualization of this here:
December 23, 2024 at 10:44 AM
You may have heard that it took a long time for penicillin to be scaled up.
What about other antibiotics? How long did it take for them to be mass produced and introduced clinically, after they were discovered?
I created a visualization of this here:
What about other antibiotics? How long did it take for them to be mass produced and introduced clinically, after they were discovered?
I created a visualization of this here:
Reposted by Paul Madsen
My recent paper update got a fair amount of attention on here and so I decided to make a thread!
The paper studies recruitment at major US and European multinationals to quantify the salience of hiring discrimination in access to top jobs and identify its source…🧵
(1/N)
The paper studies recruitment at major US and European multinationals to quantify the salience of hiring discrimination in access to top jobs and identify its source…🧵
(1/N)
December 1, 2024 at 1:19 AM
My recent paper update got a fair amount of attention on here and so I decided to make a thread!
The paper studies recruitment at major US and European multinationals to quantify the salience of hiring discrimination in access to top jobs and identify its source…🧵
(1/N)
The paper studies recruitment at major US and European multinationals to quantify the salience of hiring discrimination in access to top jobs and identify its source…🧵
(1/N)
Reposted by Paul Madsen
Happy h-index+1 day to me and all of you who celebrate!*
*"When a measure becomes a target, it ceases to be a good measure." journals.plos.org/plosone/arti...
*"When a measure becomes a target, it ceases to be a good measure." journals.plos.org/plosone/arti...
The h-index is no longer an effective correlate of scientific reputation
The impact of individual scientists is commonly quantified using citation-based measures. The most common such measure is the h-index. A scientist’s h-index affects hiring, promotion, and funding deci...
journals.plos.org
December 13, 2024 at 12:13 PM
Happy h-index+1 day to me and all of you who celebrate!*
*"When a measure becomes a target, it ceases to be a good measure." journals.plos.org/plosone/arti...
*"When a measure becomes a target, it ceases to be a good measure." journals.plos.org/plosone/arti...
Reposted by Paul Madsen
Only 3 of the 14 original results reported as statistically significant were successfully replicated, with an average replication effect size of 2.9% of the original estimates.
TWO POINT NINE PERCENT
papers.ssrn.com/sol3/papers....
TWO POINT NINE PERCENT
papers.ssrn.com/sol3/papers....
Do experimental asset market results replicate? High-powered preregistered replications of 17 claims
Experimental asset markets provide a controlled approach to studying financial markets. We attempt to replicate 17 key results from four prominent studies, coll
papers.ssrn.com
December 12, 2024 at 1:43 PM
Only 3 of the 14 original results reported as statistically significant were successfully replicated, with an average replication effect size of 2.9% of the original estimates.
TWO POINT NINE PERCENT
papers.ssrn.com/sol3/papers....
TWO POINT NINE PERCENT
papers.ssrn.com/sol3/papers....
Reposted by Paul Madsen
There is a widespread notion that men are more ambitious than women.
But this new paper finds no significant gender differences in goal setting or goal pursuit suggesting that gender disparities in educational or professional contexts stem from other factors.
papers.ssrn.com/sol3/papers....
But this new paper finds no significant gender differences in goal setting or goal pursuit suggesting that gender disparities in educational or professional contexts stem from other factors.
papers.ssrn.com/sol3/papers....
December 10, 2024 at 11:39 PM
There is a widespread notion that men are more ambitious than women.
But this new paper finds no significant gender differences in goal setting or goal pursuit suggesting that gender disparities in educational or professional contexts stem from other factors.
papers.ssrn.com/sol3/papers....
But this new paper finds no significant gender differences in goal setting or goal pursuit suggesting that gender disparities in educational or professional contexts stem from other factors.
papers.ssrn.com/sol3/papers....
Reposted by Paul Madsen
Denver gave people experiencing homelessness $1k/month. A year later, nearly half had housing.
They also had fewer ER visits, nights spent in a hospital, and jail stays.
The report estimates that this reduction in public service use SAVED the city $589k.
www.businessinsider.com/denver-basic...
They also had fewer ER visits, nights spent in a hospital, and jail stays.
The report estimates that this reduction in public service use SAVED the city $589k.
www.businessinsider.com/denver-basic...
Denver gave people experiencing homelessness $1,000 a month. A year later, nearly half of participants said they had housing.
Participants in Denver's basic-income program reported having more-secure housing, though results were similar in the trial and control groups.
www.businessinsider.com
November 26, 2024 at 12:47 AM
Denver gave people experiencing homelessness $1k/month. A year later, nearly half had housing.
They also had fewer ER visits, nights spent in a hospital, and jail stays.
The report estimates that this reduction in public service use SAVED the city $589k.
www.businessinsider.com/denver-basic...
They also had fewer ER visits, nights spent in a hospital, and jail stays.
The report estimates that this reduction in public service use SAVED the city $589k.
www.businessinsider.com/denver-basic...
Reposted by Paul Madsen
Fascinating paper on where 6000 global elites went to college. Billionaires, CEOs, heads of state, central bankers, etc.
In a word: Harvard.
Fully 10% of global elites went to Harvard. Elite US schools are over-represented (23% IvyPlus), but nobody comes close to Harvard.
🧵
In a word: Harvard.
Fully 10% of global elites went to Harvard. Elite US schools are over-represented (23% IvyPlus), but nobody comes close to Harvard.
🧵
December 6, 2024 at 7:10 PM
Fascinating paper on where 6000 global elites went to college. Billionaires, CEOs, heads of state, central bankers, etc.
In a word: Harvard.
Fully 10% of global elites went to Harvard. Elite US schools are over-represented (23% IvyPlus), but nobody comes close to Harvard.
🧵
In a word: Harvard.
Fully 10% of global elites went to Harvard. Elite US schools are over-represented (23% IvyPlus), but nobody comes close to Harvard.
🧵
Reposted by Paul Madsen
No Modigliani lifecycle for women! We find that the gender wealth gap widens after age 40, and declines for those past retirement age. Check out our new paper in Econ Letters: doi.org/10.1016/j.ec...
December 5, 2024 at 2:58 PM
No Modigliani lifecycle for women! We find that the gender wealth gap widens after age 40, and declines for those past retirement age. Check out our new paper in Econ Letters: doi.org/10.1016/j.ec...
Reposted by Paul Madsen
Few people even know about this; when people are asked in surveys how child mortality has changed the majority says it has stagnated or increased.
If you consider that many don't know about humanity's biggest achievement, then it's not surprising that many are so pessimistic about our future.
If you consider that many don't know about humanity's biggest achievement, then it's not surprising that many are so pessimistic about our future.
November 27, 2024 at 6:18 PM
Few people even know about this; when people are asked in surveys how child mortality has changed the majority says it has stagnated or increased.
If you consider that many don't know about humanity's biggest achievement, then it's not surprising that many are so pessimistic about our future.
If you consider that many don't know about humanity's biggest achievement, then it's not surprising that many are so pessimistic about our future.
Reposted by Paul Madsen
Subjective assessments of culture or 'fit' often have an enormous class bias.
New paper showing how personal interviews often allow employers to discriminate against minorities.
soumitrashukla.github.io/research.html
New paper showing how personal interviews often allow employers to discriminate against minorities.
soumitrashukla.github.io/research.html
November 22, 2024 at 1:46 AM
Subjective assessments of culture or 'fit' often have an enormous class bias.
New paper showing how personal interviews often allow employers to discriminate against minorities.
soumitrashukla.github.io/research.html
New paper showing how personal interviews often allow employers to discriminate against minorities.
soumitrashukla.github.io/research.html