🎉 Excited to share that our paper "Personal Financial Advice and Portfolio Quality" has been conditionally accepted at the Review of Finance! Many thanks to my co-authors, Olga Balakina, Tobin Hanspal, Andreas Hackethal and Dr. Dominique Lammer!

📝New SAFE Working Paper No. 459 "Macroprudential Policies and Homeownership" by @claesbackman.bsky.social 👉Find it via papers.ssrn.com/sol3/papers.... #EconSky #Homeownership #YoHo

This paper shows that homophily in #socialnetwork affects stock market participation. Denser, homogenous networks boost participation, especially among wealthier individuals, while social influence is more significant for lower-income groups. Read: papers.ssrn.com/sol3/papers....

Beyond excited to say that our paper on amortization payments and borrowing has just been accepted at the Review of Financial Studies! Very grateful to my co-authors, Peter van Santen and Patrick Moran, and to the editor and referees who helped to significantly improve the paper.

Great thread here

I have moved my open textbook on inequality research to a new address: https://maxkasy.github.io/inequalityresearch/ (The textbook has not been updated recently, but hopefully is still useful.)

This is a really cool (and concerning) paper. Makes me if the equilibrium outcome going to be more gatekeeping and name-checking at journals?

Very happy to see our paper on interest-only mortgages and house prices in the Journal of Urban Economics! From 2003 to 2006, Danish house prices increased by 60 percent, in a robust regulatory design that limits housing speculation. This was a larger increase than in the US, Spain, or Ireland!

The greatest poet of our, or any, generation

Just a reminder that @gmcd.bsky.social and @kylefbutts.bsky.social have made an incredible public good describing how to use data.table and fixest to encourage moving from Stata to R! stata2r.github.io

Gender norms are extremely persistent and constrain women's life opportunities, especially so in poor countries. In my Job Market Paper, I show that grassroots media are an effective policy instrument to address gender norms at scale. #EconJMP #EconSky

Today, we have an article in Handelsblatt about our paper on financial advice to family and friends. Giving financial advice to family and friends is risky, and we argue that this leads to generally good advice! www.handelsblatt.com/finanzen/mae...

#LaTeXTip for #beamer: when you want to repeat the exact same slide later during your presentation, label the first slide and use \againframe{originalslide}

I held a class on doing research that I thought I would share. The slides contain writing tips, using ChatGPT, advice for non-native speakers, editing, and my biggest advice: Be hard on the writing, not on yourself. Self-worth is not at stake. claesbackman.github.io/Papers/Claes...

Bluesky academics, lets get to know each other! Quote this & tell me: 1) a project you are working on & 2) an odd idea/theory you aren’t working on but keep thinking about 1) why does the return to housing differ by wealth? 2) why is the stock market participation rate not increasing over time?

Nice way to use AI when making slides: drag a picture of a formula from a paper and ask Claude to give you the latex code: On a mac: use cmd+shift+4 to take a picture. In Windows, use Windows logo key + Shift + S.

Come for the cool paper with insane data, and stay for the workshop that will teach you how to use SQL to handle billions of observations. I miss you in academia, @alemartinello.bsky.social

Me whenever I decide on new projects instead of focusing on finishing my current ones:

Now that everyone is here, does anyone have a book recommendation? Sci-fi, fantasy (recently entitled Broken Earth trilogy) or something history related (I *loved* The Alchemy of Air)?

This is the kind of content I’m here for. For finance, I would add Rational Reminder, especially the episode with John Campbell.

Posting this urban econ / economic geography start pack back up here. Thanks to @tarduno.bsky.social for reminding me! go.bsky.app/DpxtxXn

Here is a very helpful summary by Alex Edman on why papers get rejected at top journals, with examples from editor letters. I especially liked the point that mechanisms are useful if the channels affect the interpretation of the results but not if all mechanisms point in the same direction.

Ok guys here's the point. Diff in Diff is a model based assumption that identifies the ATT (unless you're using random timing of rollouts, but almost noone is). It is model-based because you make assumptions to identify the OUTCOME MODEL in the *absence* of the treatment. 1/

Does money buy happiness? Some may recall findings from an adversarial collaboration that concluded that happiness keeps increasing with log(income) even at high incomes, but not among the unhappiest. I found that "resolution" extremely confusing at the time.> www.pnas.org/doi/10.1073/...

Tomorrow Patrick Moran will talk about our paper at the AREUEA Virtual Seminar. The paper is joint with Peter Van Santen, and studies how debt repayment schedules shape household borrowing, based on a policy reform ending IO mortgages for LTV ratios > 50%. Link: us06web.zoom.us/webinar/regi...

I made a starter pack of academics doing finance research, including finance professors, financial economists, and other economists interested in finance go.bsky.app/944zQWd

On my way to Bergen and NHH! Looking forward to being back in Norway and Bergen again!

What etiquette rules do you have for seminars? Mine are: 1) don’t ask questions if there are only five minutes left. Let the speaker finish! 2) The big discussions of a paper are for after the seminar. The long/tough discussions can wait, especially for junior presenters.

Hello #EconSky! It's time to start posting here too! I'll start by mentioning that I have a website with resources for PhD students on how to do research: sites.google.com/view/claesba.... At the end of my career, I'm sure this will be my claim-to-fame (which is fine for me!).