[HN Gopher] Of Scarface and the Nobel - The Double Life of Mariel
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       Of Scarface and the Nobel - The Double Life of Mariel
        
       Author : smollett
       Score  : 14 points
       Date   : 2021-10-17 22:30 UTC (1 days ago)
        
 (HTM) web link (adamtooze.com)
 (TXT) w3m dump (adamtooze.com)
        
       | huitzitziltzin wrote:
       | 2000+ words to say... not very much at all, whether about natural
       | experiments in general or this one in particular. This is not the
       | place to look for an explanation of this year's economics Nobel
       | (or "Nobel", as you prefer).
       | 
       | It is _very hard_ to say something definitive and causal about
       | the effects of immigration on wages. It is extremely difficult to
       | say which way the causal relationships run. You can easily tell
       | yourself stories which  "explain" effects in any direction.
       | 
       | A situation in which several tens of thousands of low-wage
       | workers are added _plausibly at random_ to Miami is about as good
       | as it gets. (Or: if you have a better setting in mind, tell me
       | and let 's publish something in the American Economic Review!)
       | 
       | Card himself would not say that his study is perfect or that it
       | should be the last word on the topic. If you have a better
       | setting, he would be the first to welcome your paper on the
       | topic.
       | 
       | Look elsewhere than this post if you want to understand the
       | recent Nobel Prize. The Nobel Committee prepares a beginner's
       | backgrounder on the topic available here:
       | https://www.nobelprize.org/prizes/economic-sciences/2021/pop...
       | 
       | And for more thorough coverage at a higher level, try their
       | scientific background here:
       | https://www.nobelprize.org/uploads/2021/10/advanced-economic...
        
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       (page generated 2021-10-18 23:01 UTC)