This is also why universal demand subsidies in rich countries are immoral.

Eine Senkung des ⛽️ Preises für alle durch eine zeitlich befristete Aussetzung der Energiesteuer ist die schlechteste aller bisher diskutierten Optionen. Das ist eine Hilfe mit der Gießkanne, auch für Menschen, die den höheren Preis verkraften können. Es reduziert den Anreiz…

Subsidize demand meme First panel: I just need to subsidize demand Second panel: guy lying in bed “I just need to subsidize demand” Third panel: home prices go up -> people get angry -> subsidize demand Fourth panel: man coming in asking “bro are you okay?” — everything is black chaos “yes I just need to subsidize demand”

Live footage of German politicians

I stedet for at sænke afgift på benzin (5 mia. kr.) kunne staten:
- Halvere prisen på offentlig transport (5 mia. kr.) eller
- Give 33.000 lavindkomst-familier med langt til arbejde en gratis elbil (5 mia. kr.)

Forskellen er, at billigere benzin ikke løser energikrisen. #dkpol

Iran-Krieg - Trump fordert Beteiligung der NATO in der Straße von Hormus und droht andernfalls mit "sehr schlechter Zukunft" für das Bündnis US-Präsident Trump hat die NATO aufgefordert, die USA dabei zu unterstützen, die Straße von Hormus wieder für die Schifffahrt zu öffnen. Andernfalls drohe der NATO eine - wie er der "Financial Times" ...

Nun will Trump also die Europäer in seinen Krieg hineinziehen, den er ja nach eigener Aussage bereits gewonnen hat, und doht dafür erneut mit dem Ende der NATO. Die Konsequenz muss sein: Beschleunigter Ausbau regenerativer Energien und rascher Aufbau europäischer Verteidigungsstrukturen.

It's fascinating to me that Sweden, once global pariah for flouting lockdown consensus, seems to have come out better than even its Scandinavian neighbours

You are correct, it is indeed the personality test Finnish conscripts take!

Maybe I should've labeled it "Socio-emotional trait", or left out masculinity from the table... But the Finnish Defence Forces did measure it in the 80's and 90's!

Gerechte Erbschaftssteuer: Fairness gibt es nicht Die einen erben, andere nicht. Das ist ungerecht und daran ist nur schwer etwas zu ändern. Aber wie wäre es, Erbschaften als Einkommen zu besteuern?

Die einen erben, andere nicht. Das ist ungerecht und daran ist nur schwer etwas zu ändern. Aber wie wäre es, Erbschaften als Einkommen zu besteuern?

Are female economists treated differently than males in academic seminars?

These authors wanted to know whether gender shapes how scholars are treated when presenting research.

So they built a massive dataset of 2,000+ economics seminars, job talks, and conference presentations from 2019–2023...

For absolutely no reason, let me remind people of this banger of a paper by @caroartc.bsky.social

doi.org/10.1016/j.jp...

Dessa resultat pekar på en intressant motsättning i den akademiska världen, där studenterna vill ha svensk undervisning, medan den akademiska personalen föredrar engelska för att internationalisera omgivningen, vilket har tydliga fördelar inom forskningen. Mycket intressant.

New WP: “University as a Melting Pot: Long-term Effects of Internationalization”

Debates on international students often focus on capacity constraints, funding, or competition.

In the paper, I show that the main effects of internationalization on natives are not academic or economic, but social.

Examining the One Laptop Per Child program in Peruvian rural primary schools finds no significant effects on academic performance but some evidence of negative ones on grade progression, from Cueto, Beuermann, Cristia, Malamud, and Pardo www.nber.org/papers/w34495

Wow. This is the paper I have been waiting for. Mobile apps are brain rot, with meaningfully bad economic consequences for those who overuse them.

Very exciting JMP on teacher value added — beyond test scores and into socio-emotional value added.

Ps. If you are interested on how dating or breaking up with the boss affects earnings – I have a paper on that too!

Jerry Montonen Jerry Montonen

Shortly about me – I’m a PhD candidate at @AaltoUniversity interested in labor economics and the economics of education. Read more about me and my research here: sites.google.com/view/jerrymo... (11/11)

🏛️Policymakers interested in the later-life outcomes of students should increasingly pay attention to fostering socio-emotional skills in schools. (10/N)

In conclusion, a changing labor market in recent decades has made socio-emotional skills increasingly valuable in the labor market. I show that teachers play key roles in shaping these skills, in addition to their effect on academic skills. (9/N)

Next, I correlate teacher observables with value-added in all three dimensions to explain what predicts high value-added teachers. I find that the university institution the teacher has graduated from correlates with value-added, suggesting that we might be able to train better teachers. (8/N)

This effect size is twice that of test score value-added (0.6%), showing that variation in teacher effects on socio-emotional skills is relatively more important for later-life earnings than variation in teacher effects on academic skills. (7/N)

💰Next, I look at how these effects carry over to the labor market. I find that one standard deviation higher conscientiousness value-added teachers raise labor market earnings between ages 30-35 by 1.2%! (6/N)

You might ask: do the same teachers who raise academic skills also raise socio-emotional skills? No! The within-teacher correlation of test score value-added and conscientiousness or extroversion value-added is close to zero, suggesting that these effects are almost orthogonal to each other (5/N)

Using data from a personality test taken by Finnish men, I estimate that one standard deviation higher conscientiousness value-added teachers increase student conscientiousness by 0.067 standard deviations. The estimate for extroversion is 0.073 sd's and 0.175 sd's for test score value-added. (4/N)

To answer this, I employ a teacher value-added approach and estimate teacher effects on two measures of socio-emotional skills: Conscientiousness and Extroversion, in addition to the classic test score value-added. (3/N)

Socio-emotional skills are increasingly important determinants of labor market outcomes, but what role can teachers play in shaping these skills? (2/N)

🚀 I’m excited to share that I’m on the #EconSky job market this year! In my #EconJMP, I study how teachers in Finnish upper secondary schools impact students’ socio-emotional skills – and the labor market returns of these effects! (🧵, 1/N)