Luis Garicano 🇪🇺🇺🇦 @lugaricano@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
R to @lugaricano: It is true that the relative employment and wages for non-college grads has been increasing post-pandemic relative to college (Autor et al, Nov 2023). The reversal cuts 40% of the large previous increase in the wage premium of better paid workers.
🐦🔗: https://nitter.cz/lugaricano/status/1746285063170412660#m
[2024-01-13 21:36 UTC]
R to @lugaricano: But that is not the main return to college!
The non-monetary (specially health!) payoff is more significant.
"Deaths of despair, morbidity, and emotional distress continue to rise in the United States, largely borne by those without a college degree" (Case and Deaton, 2022)
🐦🔗: https://nitter.cz/lugaricano/status/1746285065879904373#m
[2024-01-13 21:36 UTC]
R to @lugaricano: How large is the difference? Olfson et al (2021) find that death rates of despair(suicide, poisoning, chronic liver disease) in US adults are double for HS grads than College grads.
Columns: N. People/Person-years at risk/N who died from deaths of despair/Death per 100,000 person-year/Adjusted hazard ratio.
🐦🔗: https://nitter.cz/lugaricano/status/1746285068639723632#m
[2024-01-13 21:36 UTC]
R to @lugaricano: For instance, suicide rates:
High-school: 38.9 per 100,000 in 2014 (p<0.05).
College: 16.9 per 100,000 in 2014;
🐦🔗: https://nitter.cz/lugaricano/status/1746285071084999062#m
[2024-01-13 21:36 UTC]
R to @lugaricano: This is causing a staggering and growing gap in all-cause mortality (more than double) between college and non college educated Americans. (Source: Case and Deaton (2022) as above)
🐦🔗: https://nitter.cz/lugaricano/status/1746285074998342130#m
[2024-01-13 21:36 UTC]
R to @lugaricano: Obviously, these enormous differences in mortality are just the tip of the iceberg.
Below these stunning mortality data there is a world of difference in alcoholism, drug addiction, job attachment, life satisfaction, diet, smoking.
🐦🔗: https://nitter.cz/lugaricano/status/1746285077611393328#m
[2024-01-13 21:36 UTC]
R to @lugaricano: For instance, smoking
🐦🔗: https://nitter.cz/lugaricano/status/1746285079746207898#m
[2024-01-13 21:36 UTC]
R to @lugaricano: Is this causal? A large literature tries to figure that out (see e.g. Mountjoy and Hickma, 2021). But the share of people attending has not been changing sufficiently to explain away these trends.
If you can, go to College. Just choose wisely your major!
https://www.dropbox.com/s/gyhfhfqphv1m3eu/Mountjoy_Hickman_The_Returns_to_Colleges.pdf?dl=0
🐦🔗: https://nitter.cz/lugaricano/status/1746285082392871389#m
[2024-01-13 21:36 UTC]
Congratulations!
https://nitter.cz/HyunSongShin
is exactly the right person for this job.
And thanks to Claudio Borio for all his original and insightful work on the the banking system's role in financial cycles, which has had so much impact on creating better financial regulation.
<p>
https://nitter.cz/tracyalloway/status/1745808460485210355#m
</p>
🐦🔗: https://nitter.cz/lugaricano/status/1746169330251817011#m
[2024-01-13 13:56 UTC]
Applications open for
https://nitter.cz/UChicago
price theory summer camp for PhD students.
Reasons to attend:
1. Kevin Murphy is, by far, the best teacher I have ever encountered.
2. Most applied economics (from Trade to Spatial, from Macro to labour) is applied Price Theory, not the Real-Analysis-heavy or the GT centered stuff in most first year sequences. Being deeply familiar with it will be a life-long advantage.
https://bfi.uchicago.edu/event/2024-price-theory-summer-camp/?utm_source=Becker+Friedman+Institute+Research+News+and+Events&utm_campaign=b6b1ff09de-EMAIL_CAMPAIGN_2017_09_11_COPY_01&utm_medium=email&utm_term=0_7f1ecbcee5-b6b1ff09de-329941173
🐦🔗: https://nitter.cz/lugaricano/status/1745850575407759544#m
[2024-01-12 16:49 UTC]
RT by @lugaricano: I think the strikes might turn the Houthi threat into a manageable irritant.
W/drawal of the BEHSHAD is key. Without it the Houthis are essentially firing blind into sealanes (partic if their shore radars have been hit badly).
And this wd reduce the threat ships face considerably
🐦🔗: https://nitter.cz/DominickGDonald/status/1745774182640517398#m
[2024-01-12 11:46 UTC]
Econ theorists: paper utilizes preference orderings to arrive at the pseudo welfare theorem-- seems to create direct bridges to Econ Theory
https://nitter.cz/search?q=%23econtwitter
<p>
https://nitter.cz/AndrewYNg/status/1745516258697863259#m
</p>
🐦🔗: https://nitter.cz/lugaricano/status/1745519064477225238#m
[2024-01-11 18:52 UTC]
El nombre del nuevo ministro de asuntos exteriores es una buena noticia para España. El español (de Argentina) es su segunda lengua, y siempre ha sido un gran amigo de España.
¡Enhorabuena Stéphane!
<p>
https://nitter.cz/steph_sejourne/status/1745517974373470510#m
</p>
🐦🔗: https://nitter.cz/lugaricano/status/1745521809993122249#m
[2024-01-11 19:03 UTC]
The biggest shock - to me - since Russia invaded Ukraine is the EU. It gave in to Greek shipping oligarchs who lobbied against a low G7 price cap and who continue to sell their oil tankers (blue) to Putin for his shadow fleet (grey). Narrow commercial interests dominate the EU...
🐦🔗: https://nitter.cz/RobinBrooksIIF/status/1745496161035723176#m
[2024-01-11 17:21 UTC]
RT by @lugaricano: Con la Legislación Actual, 2 Trabajadores:
- Uno trabaja toda su vida percibiendo SMI
- Otro trabaja hasta 52 años al SMI y después recibe el subsidio Mayores 52 años
➡️Trabajador con subsidio recibirá Pensión 25% más alta que trabajador que trabaja siempre, ¿es esto Razonable?
🐦🔗: https://nitter.cz/conderuiz/status/1745145502285410653#m
[2024-01-10 18:08 UTC]
RT by @lugaricano: Would a new Trump Presidency lead to a Europe-Russia war?
Politico reports:
"[European Commissioner] Breton told the following anecdote: “Back to 2020, January. We are sitting with Ursula von der Leyen, myself, Phil Hogan and the president of the United States of America. We were in Davos. And Donald Trump said to Ursula, ‘you need to understand that if Europe is under attack we will never come to help you and to support you, and by the way NATO is dead, and we will leave, we will quit NATO.’ It was the president of the United States of America — he may come back.” Breton added: “That was a big wake up call … So now more than ever, we know that we are on our own, of course.”"
=> consistent with public statements by John Bolton that Trump would've pulled the U.S. out of NATO had he won the 2020 election.
=> consistent with the U.S. Congress having approved a bill in December 2023 preventing the President from withdrawing the U.S. from NATO without Senate approval or an act of Congress.
=> however, under a Trump Presidency, as commander-in-chief, Trump would not need to formally withdraw to destroy NATO. He could simply refuse to come to the aid of Allies under attack. It would violate America's word, but it couldn't be prevented.
=> not sure we've seen much of a wake-up call anywhere. The Russian invasion of Ukraine has been a wake-up call in parts of Europe. But not all of it. Serious public talk by top military leaders in Western Europe that we may end up being at war with Russia started only a few months ago. Serious public talk by top *political* leaders in Western Europe on that same topic hasn't even started yet.
=> the next U.S. President will be inaugurated in 12 months' time. That's the time Europe has. 12 months.
🐦🔗: https://nitter.cz/EHunterChristie/status/1745034090456219861#m
[2024-01-10 10:45 UTC]
Bravo! Congratulations M. Attal!
<p>
https://nitter.cz/PedderSophie/status/1744684590847967232#m
</p>
🐦🔗: https://nitter.cz/lugaricano/status/1744690554326180076#m
[2024-01-09 12:00 UTC]
RT by @lugaricano: Meten consolidado sociedades que no controlan. Lo dicen las ccaa. No hay NADA que hacer.
🐦🔗: https://nitter.cz/egonzalez314/status/1744708170633658848#m
[2024-01-09 13:10 UTC]
RT by @lugaricano: Excellent analysis of the new EU fiscal rules.
🐦🔗: https://nitter.cz/HansGruener/status/1744662919176949845#m
[2024-01-09 10:10 UTC]
Triste que el Sr. Sánchez permita a un partido marginal, con el 2% de los diputados, imponer su visión desquiciada a todo el país.
<p>
https://nitter.cz/toniroldanm/status/1744597469244109013#m
</p>
🐦🔗: https://nitter.cz/lugaricano/status/1744665619897733377#m
[2024-01-09 10:21 UTC]
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
