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dlmillimet.bsky.social
ᴅᴀɴɪᴇʟ ᴍɪʟʟɪᴍᴇᴛ ✡️☮️❤️
@dlmillimet.bsky.social

Robert H. & Nancy Dedman Trustee Prof of Econ at @SMU, husband, son, proud papa, baseball junkie, animal enthusiast, proudly woke.

http://people.smu.edu/dmillimet/

https://dlm-econometrics.blogspot.com/

Economics 56%
Mathematics 13%
Pinned
Mabel has passed her probationary period and is now officially Associate Chair of @smueconomics.bsky.social 🎉

That sounds like so much effort 😂

If I recall the mission statement is spot on for what John, Marc, and I have discussed. Maybe you’ll let us join the board and run a practioners corner?!

Yeah. And the key point we also remind users is that for FE to remove heterogeneity not only must the attribute be time invariant but the return to the attribute must also be. With data that spans the onset of analytics and the ever changing analytics, this clearly has changed what “ability” matters

But … it’s not diff in diff?!?
Thanks, John. Marc and I thought this was an important paper to write. It was an issue that has long bothered both of us. Hopefully it helps applied peeps think a bit more carefully about their model.

Thanks, John! 🙏
When fixed effects aren't fixed...

Important work by @dlmillimet.bsky.social and Marc Bellemare that should influence econometric practice.

onlinelibrary.wiley.com/doi/10.1111/...
On the (Mis) Use of the Fixed Effects Estimator
Data that span multiple units and time periods allow controlling for time-invariant heterogeneity correlated with the covariates. While researchers can do this in different ways, the fixed effects es...
onlinelibrary.wiley.com

Is it a win + noise?

Lurking in the background! No classical measurement error for the win.

lol
The following is REAL footage from Portland, 2025. Viewer discretion is advised.
The following is REAL footage from Portland, 2025. Viewer discretion is advised.

Reposted by Richard S.J. Tol

You love staggered DID?! You wanna bet your life on it? 😂

👏👏👏
1/ #NaturalExperiments are increasingly being used to answer #clinicalquestions, like how does treatment X affect disease outcome Y.

Recent review by Lizzie Bair and me in NEJM Evidence covers examples and best practices for these types of studies:

evidence.nejm.org/doi/full/10....
Natural Experiments to Inform Clinical Practice
Natural experiments refer to events or practices that result in similar individuals receiving different services or interventions for arbitrary reasons. In the clinical context, researchers may wis...
evidence.nejm.org

Reposted by Daniel L. Millimet

When treating one person might affect others, there's an explosion of possible ways to quantify these effects.

Which of these are relevant to applied problems — like choosing a policy governing treatment?

This is the jumping off point for this new short paper:
arxiv.org/abs/2507.14391
Policy relevance of causal quantities in networks
In settings where units' outcomes are affected by others' treatments, there has been a proliferation of ways to quantify effects of treatments on outcomes. Here we describe how many proposed estimands...
arxiv.org

Reposted by Daniel L. Millimet

Reposted by Daniel L. Millimet

🐎@SMU GIVING DAY - ECONOMICS✌️

The economics department runs the largest major at Dedman College and actively produces high-quality research in many fields.

This year, you can directly donate to the Economics Department in SMU's Giving Day campaign!

givingday.smu.edu/campaigns/de...
Department of Economics - SMU Giving Day
The Department of Economics is the largest in the Dedman College of Humanities and Sciences, serving nearly 700 majors, 70 minors and 60 graduate students.
givingday.smu.edu

Reposted by Daniel L. Millimet

In emails that began arriving late Monday, senior leaders across the Department of Health and Human Services were put on administrative leave and offered reassignment to remote locations at the Indian Health Service as other employees began receiving layoff notices.
Massive layoffs, purge of leadership underway at U.S. health agencies
The move comes after Secretary Robert F. Kennedy Jr.’s announcement of a sweeping reduction of the Department of Health and Human Services.
www.washingtonpost.com

Reposted by Daniel L. Millimet

Just read this truly lovely history of the fixed effects estimator, a concept I've repeatedly taught and used but never knew the origins of.

(Also helps me justify never using random effects!)

Thanks to Marc Bellemare and @dlmillimet.bsky.social for writing it.

www.aeaweb.org/articles?id=...

Reposted by Daniel L. Millimet

link 📈🤖
Partial Identification of Binary Choice Models with Misreported Outcomes () This paper provides partial identification of various binary choice models
with misreported dependent variables. We propose two distinct approaches by
exploiting different instrumental variables respectively. In t

Reposted by Daniel L. Millimet

Excited to be in London next week for the @escoeorg.bsky.social Conference 2025
Will participate in a special session about Inequality Across Households on Wednesday :)
Looking forward to presenting, but also to finally meeting prof @dlmillimet.bsky.social in person!
ESCoE Conference 2025 - ESCoE
ESCoE will hold its annual conference on 21 - 23 May 2025 at King’s Business School, King’s College London.
www.escoe.ac.uk

Reposted by Daniel L. Millimet

The Bureau of Labor Statistics is cutting back its collection of data on consumer prices, raising questions about the reliability of federal economic statistics under President Trump. #EconSky
www.nytimes.com/2025/06/04/b...
U.S. Is Trimming Back Its Collection of Consumer Price Data
www.nytimes.com

Reposted by Daniel L. Millimet

"Anne was a remarkable person and culinary talent," the network said of its late star.
Food Network Star Anne Burrell Dead At 55
"Anne was a remarkable person and culinary talent," the network said of its late star.
www.huffpost.com

Reposted by Daniel L. Millimet

Defense Secretary Pete Hegseth has given an unusual level of authority on the Israel-Iran tensions to Gen. Erik Kurilla, who is known as “The Gorilla.”
Hegseth defers to general on Pentagon’s plans for Iran
U.S. Central Command chief Gen. Erik Kurilla is overruling other top Pentagon officials.
www.politico.com

Reposted by Daniel L. Millimet

With this vote, Congress makes ICE the highest-funded fed law enforcement agency in history, w/ more $$ per year at its disposal over the next four years than the FBI, DEA, ATF, US Marshals, and Bureau of Prisons combined
Read @vermontgmg.bsky.social
www.doomsdayscenario.co/p/four-fears...
Four Fears about ICE, Trump's New Masked Monster
We're about to pour $200 billion into immigration enforcement—it's a terrible idea, sure, but understanding *specifically* why is important.
www.doomsdayscenario.co

As someone who was just in Europe for a conference … GET SOME AC! 😂 it was brutal

More like murder-suicide in the end since tariffs just screw us

*combined* 😳
With this vote, Congress makes ICE the highest-funded fed law enforcement agency in history, w/ more $$ per year at its disposal over the next four years than the FBI, DEA, ATF, US Marshals, and Bureau of Prisons combined
Read @vermontgmg.bsky.social
www.doomsdayscenario.co/p/four-fears...
Four Fears about ICE, Trump's New Masked Monster
We're about to pour $200 billion into immigration enforcement—it's a terrible idea, sure, but understanding *specifically* why is important.
www.doomsdayscenario.co

Reposted by Daniel L. Millimet

“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

~ George Orwell, 1984

#econsky

A cool and important example of the importance of measurement error and the interesting research that can be done by taking the problem seriously.

doi.org/10.1111/joie...
Revisiting the Omitted Price Bias in the Estimation of Production Functions
The lack of information on quantities presents significant challenges for estimating production functions. As shown by Klette and Griliches in 1996, deflating nominal variables using aggregate price ...
doi.org