Luis Garicano 🇪🇺🇺🇦 @lugaricano@respublicae.eu

Let's be clear: we are losing. We are losing because we are not prioritizing helping Ukraine.
The West needs to recommit to this war. It is not only about saving Ukrainians from the darkest future but to avoid having a huge security problem on Europe's borders in the next decades.
https://www.ft.com/content/09e8ee14-a665-4644-8ec5-5972070463ad

🐦🔗: https://nitter.cz/lugaricano/status/1724418745446084833#m

[2023-11-14 13:27 UTC]

A great JMP by
https://nitter.cz/_LukasFreund_
.
Why has between firm inequality increased?
Lukas´s answer (THREAD): increasing specialization has increased complementarities between workers´ skills, hence seggregation of workers in firms, increasing by 40% between firm ineq.

🐦🔗: https://nitter.cz/lugaricano/status/1724435548775800949#m

[2023-11-14 14:34 UTC]

R to @lugaricano: Motivating fact: increase in wage inequality betwen firms found in many countries. Since the skill of workers is accounted for, some researchers argue this must be related to "institutional" (eg. way bargaining works) factors. An alternative theory fits the facts well.

🐦🔗: https://nitter.cz/lugaricano/status/1724435551401443453#m

[2023-11-14 14:34 UTC]

R to @lugaricano: To provide this answer, Lukas proceeds as follows:
1) Develops a model of team production,
2) Embeds in a search model,
3) Takes it to German Panel data to measure complementarity.

🐦🔗: https://nitter.cz/lugaricano/status/1724435554123555198#m

[2023-11-14 14:34 UTC]

R to @lugaricano: Why does complementarity result from specialization?
- I make one full chair you make another one: our skills are additive. How good you are does not affect my productivity.
- We each make half a chair: if I am a bad artisan you are good- chair is bad. You care how good I am.

🐦🔗: https://nitter.cz/lugaricano/status/1724435556447240547#m

[2023-11-14 14:34 UTC]

R to @lugaricano: Argument then is that:
1) Specialization increases.
2) Complementarities increases as a result.
3) Sorting of workers in firms increases.
4) Inequality between firms increases.

🐦🔗: https://nitter.cz/lugaricano/status/1724435558909317172#m

[2023-11-14 14:34 UTC]

R to @lugaricano: Key input in identification is the observation that we can measure how complementary are the skills of two workers by looking at how complementary are the wages (how the wage of one increases with the skill of the other).
Findings tell a pretty clear story

🐦🔗: https://nitter.cz/lugaricano/status/1724435561438499090#m

[2023-11-14 14:34 UTC]

R to @lugaricano: Complementarity has doubled between 1990s and 2010s

🐦🔗: https://nitter.cz/lugaricano/status/1724435563585892605#m

[2023-11-14 14:34 UTC]

R to @lugaricano: Assortative matching between workers (seggregation by types in firms) has increased

🐦🔗: https://nitter.cz/lugaricano/status/1724435565951488176#m

[2023-11-14 14:34 UTC]

R to @lugaricano: The model matches well the increase in the between firm change in wage inequality.

🐦🔗: https://nitter.cz/lugaricano/status/1724435568413516116#m

[2023-11-14 14:34 UTC]

R to @lugaricano: Take a look at Lukas´s work. I think you will find it fascinating.
https://sites.google.com/site/lukasfreundeconomics/home

🐦🔗: https://nitter.cz/lugaricano/status/1724435571076985298#m

[2023-11-14 14:34 UTC]

RT by @lugaricano: BREAKING:

IDF releases evidence of weapons and tunnel entrance inside Rantisi Hospital in Gaza!

IDF spokesman Rear Adm. Daniel Hagari says the Navy's elite Shayetet 13 commando unit and the 401st Armored Brigade raided Gaza City's Rantisi Hospital, where Hamas operatives were holed up.

IDF also believes that some of the Israeli hostages were kept in Rantisi Hospital for some time.

🐦🔗: https://nitter.cz/Natsecjeff/status/1724154411826720784#m

[2023-11-13 19:56 UTC]

RT by @lugaricano: The Spanish PM has decided to amnesty Catalan separatists in order to stay in power. That includes ignoring the Russian role in the separatist movement... https://www.politico.eu/article/protests-mount-in-spain-against-sanchezs-amnesty-deal/

🐦🔗: https://nitter.cz/anneapplebaum/status/1724164160877891675#m

[2023-11-13 20:35 UTC]

Europe must take the hardest possible measures against Iran if it is confirmed that it has tried to assessinate a Spanish politician, ex-vicepresident of the European Parliament.
<p>
https://nitter.cz/POLITICOEurope/status/1724109819219501483#m
</p>

🐦🔗: https://nitter.cz/lugaricano/status/1724113450341929003#m

[2023-11-13 17:14 UTC]

RT by @lugaricano: El debate de investidura marcará el inicio de la ruptura del pacto constitucional. Se visualizará el final del consenso que permitió el nacimiento de la Constitución de 1978. No será una ruptura estruendosa sino gradual que provocará una lenta decadencia económica.

🐦🔗: https://nitter.cz/MarianoGuindal/status/1724016100847804811#m

[2023-11-13 10:47 UTC]

Juan Luis Cebrián, founding editor-in-chief of
https://nitter.cz/elpais
, today, in El País:
"The deal between PSOE and Junts to form a government reveals the lack of rationality in a party that led the democratic transformation in Spain but has put an end to the constitutional consensus"
https://elpais.com/opinion/2023-11-13/disculpa-a-la-traicion-premio-a-la-culpa.html

🐦🔗: https://nitter.cz/lugaricano/status/1724020099391123862#m

[2023-11-13 11:03 UTC]

Do you want to understand the current mess in Spain, with interim PM Sanchez willing to trade the rule of law in exchange for 7 votes? Read this Politico Playbook explainer.
https://www.politico.eu/newsletter/brussels-playbook/spain-on-edge-as-amnesty-deal-sparks-fury/#spain-on-edge

🐦🔗: https://nitter.cz/lugaricano/status/1723990967542264303#m

[2023-11-13 09:07 UTC]

FOMO markets: individuals would prefer others not to use a particular product (e.g. TikTok), in which case they themselves would not use it. But given the others use it they feel compelled to use the product even if it makes them collectively worse off.
https://cepr.org/voxeu/columns/product-market-traps-case-social-media

🐦🔗: https://nitter.cz/lugaricano/status/1723993114925310321#m

[2023-11-13 09:16 UTC]

RT by @lugaricano: “Enfrentar a los españoles tendrá consecuencias. Las concesiones a extremistas dividirán profundamente a nuestra sociedad y comprometerán la integridad del poder judicial, socavando la confianza ciudadana y la estabilidad democrática”

Por ⁦@lugaricano: https://www.elmundo.es/economia/actualidad-economica/2023/11/12/654e5f7ae9cf4a77498b45cb.html

🐦🔗: https://nitter.cz/JorgeBustos1/status/1723606585031712794#m

[2023-11-12 07:40 UTC]

RT by @lugaricano: Our next session at #CERditchley asks "Will the EU's green industrial strategy work?" with @lugaricano, @juhreka13, @Shahinvallee &amp; @jzettelmeyer, chaired by @JohnSpringford

🐦🔗: https://nitter.cz/CER_EU/status/1723303753493762114#m

[2023-11-11 11:36 UTC]