On vocabulary and observation at the ASSA (a little late, but you know what they say…)

As a first-time job market candidate, the annual ASSA meetings every January are stressful and busy and kind of terrible, but as I’ve gone more and more, I’ve realized they’re kind of awesome. My two favorite events are the CSWEP mentoring breakfast and the CU reception, but everywhere you go, you’re running into people you want to have a conversation with, people you haven’t seen in a year or more, people who want to ask you something or share something exciting. I spent most of the weekend hearing about cool papers, having great conversations about economics, and seeing people I care about. I’m a big fan, turns out.

Even if it’s 0 degrees F and we’re all tromping around in the snow that the city won’t clear.

But I digress. One of the other events I was excited for this time around was the T. Schulz memorial lecture put on by the Agricultural and Applied Economics Association. I like ag economists.

The lecture was given by Michael Kremer of Harvard. It wasn’t a traditional lecture in the sense there wasn’t much talk of big ideas or themes. He really just presented a new paper, which was a bit disappointing, but, taken at face value, ultimately interesting.

The paper was trying to ascertain the extent to which asset-collateralized debt would be successful in an experimental setting in East Africa (yes, likely a community that has seen plenty of these interventions). Most of the debt we take on in the US is asset collateralized, if you don’t pay your car loan, they take your car, for instance, but it’s not like that in many other parts of the world. Collateral for loans, especially small loans, often comes in the form of guarantees from family or neighbors, or some cash reserve itself, or sometimes none at all. So, asking whether individuals saw these loan as different is an interesting question if someone is trying to institute them.

Perhaps the most important result is that people were paying back their loans, and not only paying them back, but paying them back early, which Kremer attributed to debt aversion.

As Kremer started in on his preliminary results, the first things I heard were not his interpretation, but rather whispers from all sides around me.

“Neighborhood effects.”

“Peer effects.”

“Why should we think debt aversion is driving this behavior?” There seemed to be a consensus, at least in my part of the audience, that individuals were paying back their debts not because they disliked having debt, per se, but that they thought it made them look bad in the eyes of their neighbors. Some of the first questions following the lecture pertained to the interpretation of the observations.

Two ideas immediately came to my mind during this exchange. The first has to do with quantum physics and how when we observe something, we change it. The second is that many of the whispers around me could be re-interpreted as a discussion of social norms. In the peer effects interpretation, borrowers could see their peers repaying and thus be more likely to repay. And in the social norms sense, borrowers could perceive that having debt is not seen well by the community and thus be more likely to repay. It seems that much of the debate could have been settled by a survey question or two regarding attitudes about debt, social norms around debt, and the perception of debt aversion on a community level. “What percentage of people in this community pay their debts on time?” or “How are people who don’t pay their debts treated in this community?” Or something like that.

It strikes me that the language economists and other social scientists use to explain similar phenomena are often very different. Also, it seems that Kremer could have fairly quickly disabused his critics of their notions had he conducted at least a little surveying on debt aversion and social norms.

Changing perceptions of FGM/C

Sarah Tenoi, a Maasai woman from Kenya, talks about her work to encourage her community to take part in an alternate rite of passage to womanhood in order to end FGM/C. She says that 98% of girls were cut before she started, but now the perception is that 20% of girls go through the alternate, no-cutting ceremony.

It’s a great story and don’t I wish someone had been on hand to implement a rigorous qualitative and quantitative survey with questions on social norms before and afterward.

h/t @Africasacountry

February job listing of the month

I’ve never heard of King Fahd University of Petroleum & Minerals, and the odds are I wouldn’t make it in Saudi Arabia (that whole women not driving thing doesn’t really fly with me), but there are some serious perks to this job for the adventurous economist*:

…Free furnished air-conditioned on-campus housing unit with free essential utilities and maintenance. The appointment includes the following benefits according to the University’s policy: air ticket/s to Dammam on appointment; annual repatriation air ticket/s for up to four persons; assistance with local tuition fees for school-age dependent children; local transportation allowance; two months’ paid summer leave; end-of-service gratuity. The KFUPM campus has a range of facilities including a medical and dental clinic, an extensive library, computing, research and teaching laboratory facilities and a recreation center.

*no comment on whether adventurous economist is an oxymoron.

Standard of living and measuring welfare effects

A few posts caught my eye today by bloggers discussing different, but related topics. All of them suggest that the most measurable outcomes are not necessarily the metrics of policy success or failure we should focus on.

Francisco Toro, at his new blog the Campaign for Boring Development, comments on how microfinance may not raise the incomes of participants, but it does have the potential to increase standards of living.

Matt Yglesias, at Slate, slams the media for misinterpreting (willfully?) the CBO report that says the equivalent of more than 2 million full time (equivalent) jobs will disappear as a result of the ACA. The Plum Line says it’s not a “job-killer,” but people might choose to work fewer hours because now they can afford healthcare. Is that really so bad?

Reading women in 2014

Eight months or so ago, I was reading a book that had been recommended by a friend. It had been written by a white American male, likely in his mid- to late-forties, and was seriously depressing me. It was whiny, narcissistic, vain, boring, and even more frustratingly, almost entirely the same voice, character, and even plot lines as a book I’d just finished.

I don’t even remember what it was, but I put it down and didn’t pick up a book again for a few months. I had a few subsequent conversations with friends about how I wanted to read more women writers, but it didn’t go very far until I happened to read two novels by women while on vacation and came home from Zimbabwe to the #readwomen2014 discussion on twitter.

I found the idea immensely refreshing, and after a few days of thinking, decided to make 2014 my year of reading women. A chat on Saturday with Alyssa Pelish (who occasionally writes for Slate’s Lexicon Valley, among her many other talents) only reinforced my resolve to participate. As a scholar who spends a lot of time focused on gender and women and how to reduce violence and discrimination against women and girls, it felt kind of incredible that I would let such a large part of my leisure time be dominated by male voices. I realize I can’t entirely eliminate male voices from my reading list. One, I’d never get any work done, and two, I’d know very little about what’s going on in the world.

Maybe the latter wouldn’t be so bad…

The #readwomen2014 conversation has produced several fascinating viewpoints both for and against such an exercise. I have a short list of reasons why I’m choosing to engage. For me, it’s about adding new voices, new experiences, new perspectives, and specifically female ones. I could probably embark on a similar experiment to only read writers of color–and perhaps next year I will–but right now, I want female voices and perspectives. On a larger, grander scale, I hope that buying books by women means that I talk about them more, that they get read more, and thus published more, and thus talked about more. I recognize some of the futility of that stance, and that choosing to ignore both other underrepresented groups and men might mean that I miss some good things, but I’m okay with it. A year is not that long and I’m confident I’ll find lots of good books. I have a great list of novels and authors going, mostly thanks to Alyssa and Katina Rogers, but ideas and suggestions are most welcome.

Wish me luck! I’m starting February with Doc: A Novel by Mary Doria Russell.

Also, if you have a minute, take Alyssa’s survey on prepositions.

Note-taking, live-tweeting, and first week of class update

My twitter assignment for my econometrics classes has garnered a bit of attention over the last few weeks. As we had our first assignment, reading Charles Wheelan‘s Naked Statistics, along with the regular assignments, my students interacted with each other,

with Lafayette College communications and library accounts,

with Alison Byerly, president of Lafayette College,

with some of my colleagues, and even with Stata. My favorite post of the week came when a student tweeted at me to ask whether a follow from Stata earned him extra points.

I’ll let you guess what the answer was.

Lafayette College has a social media working group, a relatively informal gathering of social media practitioners on campus, who asked me and another professor to come by and give a short presentation on how we were using twitter in the classroom. Last semester, Chris Phillips had students live-tweet his seminar on Moby Dick, while my assignments are mostly out of class, at least at this point.

A few days later, a colleague tweeted an article on a new psychology paper showing that students process information better, and get more nuance, when they take longhand notes as opposed to typing verbatim a professor’s lecture. While this justifies my reluctance to give out class notes, it also got me thinking about whether live-tweeting would be more like longhand notes or like typing notes. One of the participants in our twitter in the classroom discussion asked Chris whether the students who live-tweeted did better or worse than the others. He didn’t feel he could really make a statement either way (he already knew one of the students, not to mention the statistical power issue with a small sample size), but it’s a question worth asking. Assuming we take the study at face value, does the power of note-taking come with the physical process of writing out letters? Or is there something particularly damaging about typing verbatim that limits processing? And which process does live-tweeting, where you are typing, but have to process and condense information fairly quickly, mimic more closely?

h/t @betsylevyp

Parsing Cost-Benefit Analysis

The more time I spend working on development economics, the more I see the tools of cost-benefit analysis applied to all sorts of regulatory and programmatic concerns. Undertaking a CBA is a skill that was not heavily emphasized in my undergraduate or graduate programs, though we were certainly introduced to it, but seems to be more and more important.

Cass Sunstein, a professor at Harvard, has a piece in the Columbia Law Review on his experience performing and evaluating cost benefit analyses for the US government. As someone knee-deep in a cost benefit analysis with myriad complications, it’s nice to see that the important and interesting questions are hard for everyone else, too.

The abstract is here, but all 46 pages are worth a read (there’s lots of footnotes, so it goes fast if you ignore them):

Some of the most interesting discussions of cost-benefit analysis focus on exceptionally difficult problems, including catastrophic scenarios, “fat tails,” extreme uncertainty, intergenerational equity, and discounting over long time horizons. As it operates in the actual world of government practice, however, cost-benefit analysis usually does not need to explore the hardest questions, and when it does so, it tends to enlist standardized methods and tools (often captured in public documents that are binding within the executive branch). It is useful to approach cost-benefit analysis not in the abstract but from the bottom up, that is, by anchoring the discussion in specific scenarios involving tradeoffs and valuations. In order to provide an understanding of how cost-benefit analysis actually works, thirty-six stylized scenarios are presented here, alongside an exploration of how they might be handled in practice. A recurring theme is the importance of authoritative documents, which may be altered only after some kind of formal process, one that reflects a form of “government by discussion.” Open issues, including the proper treatment of nonquantifiable values, are also discussed.

A few recent reads

Last summer, I met an old friend for drinks in Boulder. We had once been friends who shared our fiction writing and talked endlessly about the books and short stories we were reading and how we were thinking about writing different characters and story lines. You can imagine my embarrassment when he asked what I was reading and I couldn’t think of a single thing that didn’t have the words “poverty,” “development,” “poor,” “family,” or “gender” in the title. As a result, I started devouring Faulkner, and have been since been making more time for fiction.

Over the winter break, I happened to read two very enjoyable books in quick succession with similar themes: time, memory, writing, sexual oppression and violence, gender, and even some academic inquiry. If I had a literature PhD instead of an economics one, I’d probably write a paper on Ruth Ozeki’s A Tale for the Time Being: A Novel and Margaret Atwood’s The Handmaid’s Tale. One has elements of the Murakami-like magical realism and one is more a dystopian fantasy, but both are excellent reads and highly recommended.

By coincidence, I also happened upon the #readwomen2014 conversation on twitter this morning (h/t @berfrois). I can definitely get behind a great list of women writers. I can’t wait to explore.

I’m still reading the other stuff of course. In fact, I spent Christmas morning before everyone got up with Justice, Gender, And The Family, much to the consternation of my family and friends.

Doesn’t everyone read feminist tracts while waiting to open presents? No? Y’all are missing out.

Development Bloat

Marc F. Bellemare has a piece in Foreign Affairs today on development bloat, or how myriad causes and niche agencies and mission creep are harming the ultimate goal of development, to increase and stabilize incomes for the poor around the world. His argument is that funneling money to secondary needs diverts resources from meeting the basic ones, the ones that,if met, would ultimately lift everyone out of poverty.

Many of the things promoted nowadays by development — breastfeeding, the use of cookstoves, gender equality, environmental sustainability, an independent media, Internet access, and so on — fall into place naturally once people have met their basic needs, such as clean water, plentiful and nutritious food, and found a steady source of income. In other words, many conditions targeted by idealistic development goals arose in wealthier countries as byproducts of higher incomes, and trying to provide them at the same time as more fundamental things puts the cart before the horse.

It’s an excellent, important read and though I’m with Marc on most of his points, gender equality doesn’t belong on this list. Stabilizing incomes is necessary and great and ultimately the goal, but if half of your population (or often more than half of your population) is systematically denied access to those basic needs, it doesn’t matter that much that they’re being “met” on a national- or community-level.

In an extensive review of the literature, Esther Duflo shows that development itself, or higher incomes, does not necessarily lead to gender equality. If it’s something we care about, and I believe that we should, then a dedicated policy infrastructure devoted to improving outcomes for women and girls is necessary to ensure that development works for everyone.

Prof. Fletcher’s Guide to Tweeting in the Classroom

The past few months have been full of new research projects and new ideas for me. I’m exploring sexualized violence among Colombian ex-combatants, obesity during pregnancy, and female labor force participation in the American South. I just got a small grant from Lafayette’s Digital Humanities Mellon Foundation Grant to study the last of these and I couldn’t be more excited.

Teaching-wise, I’m also ramping up the innovation. In particular, I’ve been thinking a lot about how to have my students read and interact more next semester. I’ve settled on twitter. In the past, I’ve asked them to blog, and it’s been fantastic, though I think it works better with smaller classes. This Spring, I’m trying out tweeting to see if I can’t engender some networking skills while focusing on brevity.

Here is Professor Fletcher’s Guide to Twitter for my students, specific to this semester. It includes some assignments and some general guidelines, assuming they either know the basics or can figure them out fairly quickly. Comments, thoughts, ideas, are much appreciated.

Happy New Year!