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An examination of the aggregate labor market impact of unions, the causes of their decline, and their welfare and distributional consequences, from Naoki Aizawa, Hanming Fang, and Katsuhiro Komatsu nber.org/papers/w32793

Jonathan Eaton was an exceptional scholar and a wonderful mentor. Cecilia Fieler and I wrote an intellectual obituary describing his academic work and legacy that was just posted on VoxEU. cepr.org/voxeu/columns/…

This was published 112 years ago #Today [read more, fact check: buff.ly/2w85bUR]

Outstanding essay on the worldwide plummeting birth rates and the coming demographic winter by J. Fernández-Villaverde. The 2023 fertility rates are astonishing, e.g: - South Korea: 0.72 - Colombia and Chile: 1.2 - Argentina and Brazil: 1.4 - Turkey: 1.51 spectator.co.uk/article/the-gl…

Sports betting legalization reduces net investments of households by nearly 14% overall. $1 of sports betting reduces net investment by over $2, increases credit card debt, but has no effect on participation in lotteries or other online gambling outlets. papers.ssrn.com/sol3/papers.cf…

It seems a lot of fake profiles have been created on X to follow people. I have never ever been followed by women in suggestive clothing as has happened recently! It’s obviously a way to artificially boost numbers.

This was such a fun conversation to have - even if it is 50% as fun to listen to, it's worth the listen! (also Aleksander Madry - great podcast title!)

What a fun read, this interview with Nobel Laureate (and my former colleague) Gene Fama. "All of economics is a behavioral science. The difference is whether you think the behavior is rational or irrational." ft.com/content/ec06fe…

Every product builder should be watching the paralympics low key. I have been amazed at the modifications made to events.

What appears simple might mask the mastery required to make it so. A bull by Picasso.

One of my favourite authors! Close your eyes and pick any book. Though, I always start with the first In Zanadu?). You’ll read some books again and again.

The times (in behavioural sciences) they are a-changin'. Recent contributions in cognitive science and economics show a renewed interest in going beyond 'biases' and viewing the sometimes puzzling features of human cognition as solutions to the complex problems we face.

This trend was noticed by Kahneman himself in one of the last interviews he gave.

Amazing!

I'm excited to release a new working paper today. When we paid people ~$20, they were 13pp more likely to take the Covid Booster shot. This guaranteed financial incentive worked better than lottery and charitable incentives in our large, pre-registered field experiment.

Though there are amazing outliers. This is so true. Go to any conference and see people looking at name tag’s and reputation. Top tier, eat together and hang together. It’s all about top five journals and top ten departments!

Is it a generational thing? I have had this experience with two junior co-authors. Gave them an idea, helped execute it, wrote a skeleton draft for the paper and they only had to do the empirical analysis. They had little interest in the project, no desire to improve it. Nothing.

An important judgement. It would have damaged science otherwise.

Brexit is biting in many ways. metro.co.uk/2024/09/11/jam…

The power of a small hand held gadget. In the old days one would sit on a bench in a public place. Wish the people around and maybe have a chat. Now, either someone has ear-pods or are busy texting. No one smiles at each other, talk the weather or simply enjoy the sunshine.