Weekend list #19

Do women respond to performance pay differently than men?

Bandiera et al. use a Bayesian hierarchical model to show that we can learn new things about different questions by aggregating evidence we already have.

Superstar firms may have shrunk workers’ share of income

Big companies offer more variety, savings and convenience, but the extra chunk of profits is split among fewer workers. Full paper here (pdf).

Let’s all be Keynesians now

Farmer and Platonov attempt to reinvent the IS-LM model.

Monitoring military expenditure

A SIPRI guide to arms, the universe and everything.

How the economics of the economics profession resists new thinking (video)

Nobel Laureate James Heckman and INET President Rob Johnson discuss an environment that constricts the idea space and reinforces tired orthodoxies.