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>> In second year economics my prof would have failed me for such a basic conclusion. This is a hilarious comment. You are saying that your economics professo
by huitzitziltzin 5y ago
>> In second year economics my prof would have failed me for such a basic conclusion.
This is a hilarious comment. You are saying that your economics professor would have failed you for making a claim akin to what one of these three Economics Nobel laureates claimed in a very well known, classic article in the labor literature? I'm an economics professor and I would be delighted to see work like this from an undergrad!
>> Now that's a negative effect. He made the assertion of NO negative effects.
What you and later studies have identified is that there may be heterogeneous causal effects across groups. There is a large literature on this topic!
>> if a study is so easily invalidated...
I'm not worried about this. You have not "invalidated" this study with five minutes of thinking!
>>> it's bad data (well, bad methodology from start to finish) because it draws a conclusion based on correlation between immigration and unemployment/wages
1. It is not bad methodology. That is literally what half of the prize which went to Imbens and Angrist is about. This is a methodology which permits making causal claims in the absence of an experiment!
2. It is not drawing a conclusion based on a correlation.
For more information about what they actually did and how it works (and this is a big interesting topic!) you might benefit from the Nobel Foundation's scientific background paper on this prize, here: https://www.nobelprize.org/uploads/2021/10/advanced-economicsciencesprize2021.pdf https://www.nobelprize.org/uploads/2021/10/advanced-economic...
- Mikeb85 5y agoSo an appeal to authority? The same organization that thought a US President that destabilized the middle east and assassinated people via drones deserved the Nobel Peace prize?
- shkkmo 5y agoAs far as I am aware, the Royal Swedish Academy of Sciences has no involvement in the selection of the recipient of the Nobel Peace prize.
- huitzitziltzin 5y agoI'm not sure what point you are trying to make, but you may be under some misapprehension about how the prizes are awarded. The Nobel Peace Prize is awarded by the Nobel Peace Prize Committee, which is appointed by the Norwegian Parliament. They decided Obama was worthy. The Nobel Prize in Economics (or, as everyone is fond of pointing out: "the Sveriges Riksbank Prize in Economic Science in Honor of Alfred Nobel") is awarded by the central bank of Sweden.