Lightnews — Scholar-powered news

Michel Grosz @michelgrosz.bsky.social · 26d

The FTC is hiring Statisticians in the Bureau of Economics!

This is a great opportunity for seniors or recent grads interested in antitrust and consumer protection economics, and applied microeconomics research.

Come work with me! Happy to answer any questions.

www.usajobs.gov/job/845835200

STATISTICIAN

The Bureau of Economics seeks candidates for the position of Statistician. Statisticians work directly with BE staff economists to (1) provide economic analysis in support of antitrust and consumer pr...

www.usajobs.gov

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CJ Libassi @clibassi.bsky.social · Jun 30

New at @pseocoalition.bsky.social, @julia-turner.bsky.social & I have a new report on grad school debt & earnings over the medium term. For some key professional fields (🩺⚖️🦷💊🐾), we show the varied patterns both within & across areas of study, looking at the first decade of earnings after graduation

Scatter plot comparing median program debt (x-axis, $50k-$300k) vs 10-year cumulative earnings (y-axis, $0.5M-$2M) for professional programs. Medicine MD programs (pink squares) cluster in upper right with high debt ($150k-$250k) and high earnings ($1.4M-$1.8M). Law programs (blue circles) cluster in the bottom left corner with lower debt and lower earnings, though some elite programs show medicine-level earnings and somewhat higher debt than other law schools. Veterinary Medicine (green diamonds), Dentistry (plus signs) and Pharmacy (X marks) are distributed across middle ranges of earnings, but across wide ranges of the distribution of debt, with almost all pharmacy programs having lower debt than almost all dentistry programs. Physical therapy and veterinary programs have law-like earnings (between half a million and a million over 10 years), and while PT has law-like debt as well, veterinary debt is generally much higher and closer to medical school.

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Joshua Goodman @joshua-goodman.com · May 30

For those interested in education policy and the economics of education, I've put together 4 starter packs:

Faculty and researchers 1: go.bsky.app/GHJzy4L
Faculty and researchers 2: go.bsky.app/TeqwuKM
PhD students & postdocs: go.bsky.app/FUjWT5E
Journalists and writers: go.bsky.app/3XhYmo3

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Michel Grosz @michelgrosz.bsky.social · May 9

We estimate that since 2009 the Great Recession accounts for:

-19-32% of the rise in undergrad student debt
-10-25% of the rise in student loan defaults

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Michel Grosz @michelgrosz.bsky.social · May 9

Excited to share this new Philly Fed working paper with Tomas Monarrez:

We study how the Great Recession affected college enrollment, student loan borrowing, repayment, and default.

papers.ssrn.com/sol3/papers....

The Effect of the Great Recession on Student Loan Borrowing and Repayment

We study the long-term effect of the Great Recession on federal student loan borrowing and repayment. Using detailed longitudinal data on federal student loan b

papers.ssrn.com

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Michel Grosz @michelgrosz.bsky.social · Apr 18

Sorry I missed it! Next time…

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CJ Libassi @clibassi.bsky.social · Jan 17

There's lots more in the report to dig into, so take a look! This is work with @michelgrosz.bsky.social, Sophie McGuinness, @jdmatsudaira.bsky.social, and Raj Darolia, and you can find the full report and data, along with other OCE releases, here: sites.ed.gov/ous/office-o...

OCE Staff Working Papers | Office of the Under Secretary

sites.ed.gov

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Michel Grosz @michelgrosz.bsky.social · Jan 17

Really exciting to have this work on graduate borrowing out. See @clibassi.bsky.social thread with the excellent summary…and better yet take a look at the underlying data!

CJ Libassi @clibassi.bsky.social · Jan 17

Wanted to highlight a new report we have just released at the Office of the Chief Economist at ED: "An Overview of Graduate Borrowing and Outcomes." Below are a few graphs that might entice you to read more. First: distributions of annual borrowing for top 25 credentials in terms of annual volume

A stacked density plot showing distribution of annual graduate program borrowing in 2019 across different programs. Professional programs like dentistry and medicine have highest borrowing ($80k-120k), while master's programs in education and business typically borrow much less ($20k-40k). Programs ordered by average borrowing amount.

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Michel Grosz @michelgrosz.bsky.social · Dec 13

And here’s a link to the FTC ReportFraud website: reportfraud.ftc.gov

Report Fraud

Protect your community by reporting fraud, scams, and bad business practices

reportfraud.ftc.gov

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Michel Grosz @michelgrosz.bsky.social · Dec 13

Here’s a link to the paper: pubsonline.informs.org/doi/abs/10.1...

Amplifying Consumers’ Voice: The Federal Trade Commission’s Report Fraud Website Redesign | Marketing Science

pubsonline.informs.org

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Michel Grosz @michelgrosz.bsky.social · Dec 13

My paper with Devesh Raval is now out at Marketing Science!

We find that when the FTC redesigned its complaint website:

-Complaints increased by 40%,

-included more useful and detailed information

-increased most for older consumers and those with less tech savvy

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Reposted by Michel Grosz

Megan Stevenson @meganstevenson.bsky.social · Dec 9

Can anyone recommend papers that compare RCT and quasi experimental estimates for the same research question?
#econsky

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Andrew Foote @afoote-econ.bsky.social · Dec 2

Today, we released our first Quarterly Workforce Indicator Highlights!
content.govdelivery.com/accounts/USC...

Quarterly Workforce Indicators: Quarterly Data Highlight

content.govdelivery.com

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Reposted by Michel Grosz

Esteban J. Quiñones, Ph.D. @estebanjq.bsky.social · Dec 2

The American Society of Hispanic Economists (ASHE) is here 🦋🦋🦋

Follow @asheassa.bsky.social ‼️

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CJ Libassi @clibassi.bsky.social · Nov 24

Okay, I made an updated version of the guide "Python Packages for Applied Economists" to reorganize a bit, incorporate suggestions, and put it on Github like a grownup: github.com/clibassi/pyt...

Comments welcome!

GitHub - clibassi/python-packages-for-applied-economists: A curated collection of Python packages for applied economists, organized by functionality to support econometric analysis, data management, v...

A curated collection of Python packages for applied economists, organized by functionality to support econometric analysis, data management, visualization, and specialized tasks. - clibassi/python-...

github.com

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Kevin Shih @kevinshih.bsky.social · Nov 15

#EconSky #EconTwitter UC Davis Economists starter pack is here. Faculty, Alumni, even Ag Econ. Got everyone I could find so far, but surely missing others. Hit me up and I'll add you. Thank @afoote-econ.bsky.social

go.bsky.app/7hAGUoa

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Carl Gergs @cgergs.bsky.social · Nov 19

Hello #EconSky 👋 excited to share my JMP!

❓What are the impacts of offering student finance as a grant or a loan?

In the paper, I...
🎓 Study individual university enrolment, subject choice & career motivations
❗️Explore aggregate outcomes e.g. access to university & the occupational structure
🧵👇

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Kevin Rinz @kevinrinz.bsky.social · Nov 18

It’s WALES submission/registration time again! One of the best days of the late-winter if you’re a labor-adjacent economist around DC - check it out!

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Aaron Sojourner @aaronsojourner.org · Nov 18

Allowing students to use Pell Grants for short-term occupational training:
- increased their use of such training but
- did not benefit their employment or earnings.

Great to see a high-quality evaluation of a promising policy idea. Good to know!
ies.ed.gov/ncee/pubs/20...

Pell Grants are the cornerstone of federal financial aid for students with low income who are
enrolled in postsecondary education. Currently, these grants are available only to those who seek
an initial undergraduate degree or credential requiring at least a typical semester of instruction.
Because these rules may restrict access to programs providing skills needed for new or better jobs,
in 2011 the U.S. Department of Education (ED) began pilots of two experimental expansions to Pell
Grant eligibility. The first experiment allowed income-eligible students with a bachelor’s degree to
obtain Pell Grants for short-term occupational training programs. The second experiment allowed
income-eligible students to obtain Pell Grants for very short-term programs lasting as little as eight
weeks. This report updates earlier results from a rigorous evaluation of the experiments conducted
by ED’s Institute of Education Sciences (IES), adding new information about the experiments’
impacts on labor market success. This fuller picture could help Congress as it considers legislation
to make Pell Grants for short-term occupational training permanent policy.
Key Findings
• Offering Pell Grants for short-term occupational training programs to students with low income who
have a bachelor's degree increased program enrollment and completion by about 20 percentage
points.
• Offering Pell Grants for very short-term occupational training programs increased program
enrollment and completion by about 10 percentage points.
• More than half of students offered experimental Pell Grants used them, receiving an average grant
amount of $1,800; they were just as likely as those not offered the grants to also use federal student
loans.
• Despite boosting program enrollment and completion, offering experimental Pell Grants did not
increase employment or earnings in the medium to long term.

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Santiago Sanchez-Pages @sanpages.bsky.social · Nov 7

He vuelto a actualizar el starter pack de economistas de habla hispana. Ya somos mas de 90. Ideal si acabas de aterrizar o si piensas que Bluesky todavia no ha despegado.
Si quieres añadir tu nombre, no tienes mas que decirlo.
go.bsky.app/8tkeVED

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Santiago Sanchez-Pages @sanpages.bsky.social · Oct 1

He creado este starter pack que reune a economistas de habla hispana en Bluesky para conectarnos mejor.

Si quieres incluirte, solo tienes que decírmelo go.bsky.app/8tkeVED

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Michel Grosz @michelgrosz.bsky.social · Nov 14

🙋

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Kevin Rinz @kevinrinz.bsky.social · Nov 13

Not that econ JMCs need more things to worry about, but there was a very poorly timed hiring freeze in 2017. It came down during flyout season and really threw off the market for people interested in government work. Think about your preferences and alternatives while there’s still time.

Jordan Weissmann @jhweissmann.bsky.social · Nov 13

Elon and Vivek will come up with some wild suggestions for shrinking the government, some of which at least a few Republicans will want to implement via the budget.

But my guess is that most federal workforce cuts are going to come via hiring freezes and attrition.

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Joshua Goodman @joshua-goodman.com · Nov 13

I'm thrilled to see this site building a serious community of researchers, writers and policymakers focused on education policy and economics.

Below are links to 3 Starter Packs I've made to help you connect with such folks.

Please let me know if I've missed you. The volume of requests has been 😮

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David Anderson @dmaanderson.bsky.social · Nov 11

This is a starter pack for #APPAM2024

@appam.bsky.social @donmoyn.bsky.social @davidslusky.bsky.social

If you want on it, please leave a comment and I will add you over the course of the day

go.bsky.app/9o7Jiar

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