Reposted by Adam KaporDavid Slichter @davidslichter.bsky.social · 05/05/2026(1/n) Holding the coursework constant but changing whether there's a diploma has no effect on wages: www.jstor.org/stable/10.10...jstor.org The Signaling Value of a High School Diploma on JSTOR Damon Clark, Paco Martorell, The Signaling Value of a High School Diploma, Journal of Political Economy, Vol. 122, No. 2 (April 2014), pp. 282-318 28016
Adam Kapor @adamkapor.bsky.social · 27/04/2026”Middlebrow” is like “neoliberal” in that it‘s mostly pejorative and has four mutually incompatible meanings 030
Adam Kapor @adamkapor.bsky.social · 10/04/2026Much credit is due to people who invent new IV strategies, but instruments (and more broadly, “research designs”) that are named after people are always somewhat suspect 110
Adam Kapor @adamkapor.bsky.social · 09/02/2026I did not like the implication that you don’t have to learn Bayes rule 121
Reposted by Adam KaporAnna Stansbury @annastansbury.bsky.social · 07/02/2026The other outcome that I've seen - when there are so many As students at the very top can't distinguish themselves through their classwork. Going really deep on a class and writing a truly superb paper won't change grade --> increased incentive to distinguish through extra curriculars. 2256
Adam Kapor @adamkapor.bsky.social · 31/01/2026Nash-in-Nash bargaining implies the existence of Rubinstein-in-Rubinstein bargaining: the parties exchange alternating offers that must be confirmed via email 050
Reposted by Adam Kapormtsw @mtsw.bsky.social · 02/12/2025I think filling the top ranks of our education system with people who got there in part by abusing a system designed to help disabled people will select morally deficient people for leadership positions in our society and is worth taking steps to avoid bsky.app/profile/padr... 5950920
Reposted by Adam KaporShiv Ramdas Mens Rice Activist @nameshiv.bsky.social · 10/11/2025ok so now I understand why Shaheen and gang were so desperate to end the shutdown 7635142
Reposted by Adam KaporVictor Ray @victorerikray.bsky.social · 09/11/2025If they cave, it reinforces my sense that the real problem with the democrats is not “wokeness,” but the fact that they don’t stand for anything and are willing to fight for nothing. It’s worse than being useless; it is collaboration. 515242
Adam Kapor @adamkapor.bsky.social · 04/11/2025Q: How many applied microeconomists does it take to change a light bulb? A: Exploiting a unique natural experiment in which the Earth’s orbit and rotation induce plausibly exogenous variation across time and place in the availability of a close substitute to light bulbs, we find 031
Adam Kapor @adamkapor.bsky.social · 03/11/2025My name is Ozymandias, King of Kings. Just a gentle reminder to look on my works at your earliest convenience. Thanks!! 061
Adam Kapor @adamkapor.bsky.social · 11/10/2025I used to be nonplussed when people did this but now I’m nonplussed 080
Adam Kapor @adamkapor.bsky.social · 08/10/2025Job market candidate: “Other papers have found high labor-market returns to studying economics, but no one has looked at subfields. My JMP estimates the returns to microeconomic theory.” Interviewer: “Do you look at mechanisms?” 030
Adam Kapor @adamkapor.bsky.social · 26/07/2025I used to joke that computer science would also catch a lot of “critique” if there were “computer scientists” on cable TV and in government, many of whom were merely undergrad CS majors with business careers, arguing that “the algorithm is efficient” therefore efforts to improve things won’t work 191
Reposted by Adam KaporDoug Mack @douglasmack.bsky.social · 08/06/2025not the main issue here but i'd really appreciate it if democratic politicians spoke out in support of big-city life and culture with the same energy and reverence that all politicians have for small towns los angeles is "real america" and so are all the other big cities the president hates 367278125826
Reposted by Adam KaporDani Rodrik @drodrik.bsky.social · 23/05/2025Three things made the US a rich and powerful nation: the rule of law, its science & innovation system, and openness to foreign talent. Remarkable how Trump has taken a sledgehammer to all three. No enemy of this country could do more. 296113453719
Reposted by Adam KaporFilipe Campante @filipecampante.bsky.social · 22/05/2025This is the stuff of authoritarian regimes. There isn't even the pretense that this is anything but persecution, unbound by law. 8374117
Adam Kapor @adamkapor.bsky.social · 08/05/2025Modeling the conclave? You’ll need cardinal utilities 79612
Adam Kapor @adamkapor.bsky.social · 09/04/2025How come in academia “no one understands” means “I personally don’t understand” but “I don’t understand” means “you don’t understand”? 040
Reposted by Adam KaporConor Lamb @conorlambpa.bsky.social · 27/03/2025To anyone who is not clear: The First Amendment protected Rumeysa Ozturk when she published her op-ed. The same way it has protected me. Rule of law means that we should be treated equally. 334223144493
Adam Kapor @adamkapor.bsky.social · 18/03/2025Me arguing with economists: the right model is one that captures the key features of the situation for the question at hand. It need not be a competitive model with 1 or 2 “frictions”. The Q “what’s the market failure” is not-even-wrong. Me arguing with non-economists: “what’s the market failure?” 030
Reposted by Adam KaporWill Jennings📉🗳️ @drjennings.bsky.social · 14/03/2025It's fascinating watching Democratic Party politicians who are behaving as if careerism remains a viable strategy with a long-term future under authoritarianism when you are on the losing side. 11500120
Reposted by Adam KaporChris Hayes @chrislhayes.bsky.social · 13/03/2025The institutional Democratic Party is guided by an almost pathological level of conflict avoidance in almost every direction. “What can we do to make the least number of people mad?” is just a bankrupt way to operate. 34507812215087
Reposted by Adam KaporDave Karpf @davekarpf.bsky.social · 13/03/2025SCHUMER (paraphrased): “what President Trump is doing is terrible. We Democrats do not APPROVE of it at all. But we will COLLABORATE with him. Yep, vaguely disapproving collaborators. That’s us. The leadership of the opposition party.” 29712149
Reposted by Adam KaporPeter Bergman @peterbergman.bsky.social · 07/03/2025The farce that this is to protect Jews is beyond offensive and insulting. Cancelling grants, threatening deportation of students based on their speech does not make me feel either safe or supported as a Jew. No admin in my life has made me feel *less* safe. Disgusting. www.ed.gov/about/news/p...ed.govDOJ, HHS, ED, and GSA Announce Initial Cancelation of Grants and Contracts to Columbia University Worth $400 MillionGovernment agencies today announced the immediate cancelation of approximately $400 million in federal funding to Columbia University due to the school’s continued inaction in the face of persistent h... 213143
Adam Kapor @adamkapor.bsky.social · 21/02/2025Michael Sandel: the important things—-life, love, friendship—are not commensurate to dollars. Economists have no account of this truth. Economists: 020
Reposted by Adam KaporKevin M. Kruse @kevinmkruse.bsky.social · 13/02/2025If you live in New York State and think Gov. Kathy Hochul should remove the corrupt mayor of NYC, give her a call or send her a letter. 275140044507
Reposted by Adam KaporTom Scocca @tomscocca.bsky.social · 13/02/2025Anyway here's how it played in the press last time anything went this far, just for reference 21680512398
Adam Kapor @adamkapor.bsky.social · 05/02/2025This is very goodnytimes.comOpinion | There Is No Going BackThe president’s opponents, whoever they are, cannot expect a return to the Constitution as it was. 030
Adam Kapor @adamkapor.bsky.social · 30/01/2025I realize this is not the most pressing issue at the moment, but when did “general equilibrium” come to mean “any type of equilibrium” and partial equilibrium “no price changes at all”? 020
Adam Kapor @adamkapor.bsky.social · 09/01/2025Question for those teaching undergrad IO: how much empirics do you teach 012
Adam Kapor @adamkapor.bsky.social · 09/01/2025Thrilled to announce this friendly reminder at your earliest convenience out of an abundance of caution 010
Adam Kapor @adamkapor.bsky.social · 30/12/2024decision theorists are people who derive utility from axioms 0191
Adam Kapor @adamkapor.bsky.social · 10/12/2024Some correct takes: 1. “Probability is like area” is more intuitive than whatever we tell undergrads about long run frequencies, and 2. The literal definition of a measurable function is *much* more intuitive than saying a r.v. is a variable that “takes” different “realizations” 4271
Adam Kapor @adamkapor.bsky.social · 30/11/2024Writing tip: anticipate readers’ objections. Incomplete: “It’s raining tacos from out of the sky.” Better: “…Tacos. No need to ask why” 020
Adam Kapor @adamkapor.bsky.social · 22/11/2024There will be two kinds of IO talks: the kind that are contestable and the kind where people draw Gumbel shocks before deciding whether to go 0101
Adam Kapor @adamkapor.bsky.social · 22/11/2024I’d go further than this. Seminar norms should match the talk’s contents. For example, if it’s about rational inattention, not only can folks leave, they can make the speaker go through slides in any order 4222
Adam Kapor @adamkapor.bsky.social · 20/11/2024Less is more implies at most one amount where it is what it is 1272
Adam Kapor @adamkapor.bsky.social · 18/11/2024In equilibrium, economists use math. therefore, by economic intuition, math is efficient 3191
Adam Kapor @adamkapor.bsky.social · 16/11/2024Much of what we colloquially call “beliefs” are closer to preferences than to Bayesian beliefs 7484
Adam Kapor @adamkapor.bsky.social · 15/11/2024Does the “model based” vs “design based” distinction make sense outside of the Rubin causal model? 422
Adam Kapor @adamkapor.bsky.social · 11/11/2024People are always complaining about selecting on the dependent variable but honestly it’s worked out great for me 0244
Adam Kapor @adamkapor.bsky.social · 23/09/2023If the data could speak, we would not understand it 180