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Finance and Econ From the Web: Night lights measure growth, why are rates so low, are bankers liberals or conservatives….

September 19, 2018 Bilal 0

I thought I’d have a separate “Best Of the Web” devoted to economics and finance. Below I’ve found 30 articles and academic papers on macro and finance. Some are easy reads and others are denser, but I’ve summarised each one. Oh, if you come across anything interesting that I’ve  missed, then flag it to me and I’ll include it in my next list.  Enjoy! North and South Korea at night , 1992 vs 2008

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Teachers Are Moonlighting As Instagram Influencers To Make Ends Meet

September 5, 2018 Bilal 0

Teachers Are Moonlighting As Instagram Influencers To Make Ends Meet https://ift.tt/2PVyJOe Lixia Guo / BuzzFeed News If you saw Amy Groesbeck during school hours, you’d think she’s just your typical third-grade teacher. But when the 33-year-old goes home each evening, that’s when her second job begins. She pulls out her iPad and logs into Instagram — where she has more than 90,000 followers. “I lock myself in the office and spend at least six hours a day working on products and creating images to post on Instagram and things like that,” she told BuzzFeed News. “It really is a second […]

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Top of the Class: The Importance of Ordinal Rank — by Richard Murphy, Felix Weinhardt

September 4, 2018 Bilal 0

Top of the Class: The Importance of Ordinal Rank — by Richard Murphy, Felix Weinhardt https://ift.tt/2PYYxcx Top of the Class: The Importance of Ordinal Rank NBER Working Paper No. 24958 Issued in August 2018 NBER Program(s):Children, Economics of Education This paper establishes a new fact about educational production: ordinal academic rank during primary school has long-run impacts that are independent from underlying ability. Using data on the universe of English school students, we exploit naturally occurring differences in achievement distributions across primary school classes to estimate the impact of class rank conditional on relative achievement. We find large effects on […]

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When Investor Incentives and Consumer Interests Diverge: Private Equity in Higher Education — by Charlie Eaton, Sabrina Howell, Constantine Yannelis

September 4, 2018 Bilal 0

When Investor Incentives and Consumer Interests Diverge: Private Equity in Higher Education — by Charlie Eaton, Sabrina Howell, Constantine Yannelis https://ift.tt/2LUyhg0 When Investor Incentives and Consumer Interests Diverge: Private Equity in Higher Education NBER Working Paper No. 24976 Issued in August 2018 NBER Program(s):Corporate Finance, Economics of Education, Labor Studies, Productivity, Innovation, and Entrepreneurship This paper uses private equity buyouts to study a transition from lower- to higher-powered profit-maximizing incentives in higher education, a sector heavily dependent on government subsidy. Private equity owners have especially high-powered incentives to maximize profits. In a subsidized industry, this could intensify focus on capturing […]