📢now forthcoming in ECMA!
The Class Gap in Career Progression: Evidence from US Academia
Class is rarely a focus of research or DEI in elite US occupations.
Evidence suggests it should be: we find a large class gap in at least one occupation - tenure-track academia...🧵
A bird's-eye view of a former Auschwitz II-Birkenau camp showing a wide dirt pathway flanked by parallel rows of barbed-wire fences. Groups of visitors walk along the path, surrounded by the remnants of brick structures and barracks, now reduced to foundations. Green grass contrasts with the somber history of the site, as the path leads toward a guard tower in the distance.
Auschwitz was at the end of a process. We must remember that it did not start from gas chambers.
This hatred gradually developed: from ideas, words, stereotypes & prejudice through legal exclusion, dehumanization & escalating violence... to systematic and industrial murder.
Auschwitz took time.
🏆 @felixrusche.bsky.social has received the 2025 Schmölders Foundation Prize!
Together with @yuliaevsyukova.bsky.social & @econmill.bsky.social, they were awarded for their paper "LinkedOut? A Field Experiment on Discrimination in Job Network Formation."
🎉 Congrats, Felix!
Join us online Tues, 10/7, 6:30pm (in-person RSVPS are full) – AI and the Future of Work – feat. @dacemoglumit.bsky.social, @pkrugman.bsky.social, Danielle Li, @zey.bsky.social & @sgreenhouse.bsky.social – reserve now: www.gc.cuny.edu/events/ai-an... @stone-lis.bsky.social @cuny.edu #AI #jobs
Demand for human-generated, trust-certified internet content is skyrocketing.
There is a major business opportunity, in *every* country, for media firms to meet this rising demand with innovation.
Fascinating new experiment by @filipecampante.bsky.social et al.—> filipecampante.org/wp-content/u...
🎉 Cue the confetti, ...
CDSE doctoral graduate @felixrusche.bsky.social has been awarded the FBK-IRVAPP Best Paper Award 2025 for his research showing how access to media can serve as a transformative tool in advancing gender equality. Congratulations, Felix! 👏 (1/2)
Thank you so much @mircotonin.bsky.social! I am very honoured to receive the award.
Forthcoming in AER: Insights: "The Consumer Welfare Effects of Online Ads: Evidence from a 9-Year Experiment" by Erik Brynjolfsson, Avinash Collis, Daniel Deisenroth, Haritz Garro, Daley Kutzman, Asad Liaqat, and Nils Wernerfelt. www.aeaweb.org/articles?id=...
Graph of the actual DAX stock market index and media-reported DAX, 2017-2024. The performance of stock markets often appears worse in the daily news than it actually is. This column argues that this negative news bias arises from two factors: (1) journalists tend to focus on major events, and (2) the daily performance of stock market indices is negatively skewed. It shows that about half of the negativity bias in news can be explained by the distribution of stock returns, even when the negative reporting bias is not explicitly present. Media consumers should be aware of the big news bias and look beyond the daily news cycle to stay informed.
The performance of stock markets often appears worse in the daily news than it actually is because of 2 main factors: journalists tend to focus on major events, and the daily performance of indices is negatively skewed.
Antonio Ciccone, @felixrusche.bsky.social
cepr.org/voxeu/column...
#EconSky
Please find the paper and short summaries on my website: felixrusche.github.io
We are happy about any feedback.
If progress is characterised by many small, incremental improvements with few yet larger setbacks, news reporting will focus on the latter. We also generalise these findings to other indices.
The remaining half is explained by a focus on large events in combination with negative skewness in daily changes. As such, we quantify what Rosling et al., @hannahritchie.bsky.social, and @ourworldindata.org have argued for in the past:
We decompose this 20-point difference by simulating news reporting with and without negative reporting bias. We find that even when muting the negative reporting bias half of the gap remains.
ZDF journalists mention daily changes in Germany’s DAX on 29% of days. While the DAX increased by a daily avg. of 4 index points from 2017-24, it fell by 10 points when mentioned on the news and increased by 10 points when not mentioned. Adding this up results in the above figure.
A case in point is Germany’s most-watched nightly news – the ZDF heute Journal. The nightly news include a 1:30 min segment reporting economic and financial news from the stock market in Frankfurt.
To motivate: From 2017 to 2024, the main national stock market indices rose in the US and the five largest European economies. Yet, the average daily performance of all six indices turns from positive to negative when weighted by coverage of the countries’ ten most-read outlets.
Do the media focus on the negative? If so, why? We study this in the context of stock market reporting and identify and quantify an overlooked bias. A thread:
Once again, I must stress that there is a pretty obvious answer to this madness, which is to have a big, fat tariff on US oligarchs and their multinationals!
gabrielzucman.substack.com/p/americas-o...
"Very thrilled to share my new working paper on..."
www.cesifo.org/en/publicati...
www.cesifo.org/en/publicati...
The world's richest man stole food from the world's poorest children. Now they are beginning to die
www.nytimes.com/interactive/...
More high-quality evidence that the world is not blind to race... absent intervention, there is not equality of opportunity.
academic.oup.com/qje/article-...
Economists often use models that show firm discrimination cannot withstand market competition. The discriminating firm is unprofitable. But what happens when it’s consumers that have discriminatory preferences? In this case, the market doesn’t solve the problem. A 🧵 www.nber.org/papers/w33547
NEW: The actions of Trump and Vance in recent weeks highlight something under-appreciated.
The American right is now ideologically closer to countries like Russia, Turkey and in some senses China, than to the rest of the west (even the conservative west).
My column: www.ft.com/content/3046...
Barring any last minute change, the 25% tariffs on Mexico and Canada are going into effect tomorrow
What should these countries (and, tomorrow, the European Union) do? 🧵
It has been weirdly quiet on social media ever since the Institute4Replication dropped its first two of 15 reports about the questionable research practices of Asad Islam-GDRI and scores of his collaborators. Here is my take on what we know and need to know.
a-ortmann.medium.com/the-asad-isl...
If you don't pay close attention to German politics, you don't know how much of a political earthquake it is to see a _CDU_ leader making this kind of statement.
New data from Facebook reveals interesting patterns of cross-gender social ties around the world, from Michael Bailey, Drew M. Johnston, Theresa Kuchler, Ayush Kumar, and Johannes Stroebel https://www.nber.org/papers/w33480
🚨CfP: 5th Discrimination & Diversity Workshop, 2-3 Jun '25
Keynotes by Alexander Cappelen & Claudia Olivetti,
Sessions on LGBTQ+ (chaired by Billur Aksoy), Gender (Pamela Campa), AI (Andreas Leibbrandt), Environment (Katrin Millock) and Migration (@jeromevalette.bsky.social)
Deadline: 17 Mar '25