Covid Pandemic Diary Part 1

Last week on Twitter, a writer in France reached out for accurate information about what is going on the US right now with regard to vaccines.

This got me thinking about the value of narratives and true stories. I’m going to chronicle a few of the Covid events experienced by me personally. Myself and the adults in my family are fully vaccinated, so life is starting to feel normal again, even though I still wear masks in many public places. I’d like to write this down in case it is useful and so that I don’t forget it.

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Write Repeat

We at EWED hope that we are creating quality ungated content to make the world a better place. This blog is also a commitment device to write more.

Everyone expects that the only way to get better at running is to run. Not everyone realizes that writing more makes you a better writer.

As a reminder for myself to write, I created an EWED design line in the same store that I posted about yesterday.

Black T-Shirt

Tote bag for all your pens and notebooks.

There a a few other styles and iterations at the store.

The Epsilon Delta Sorority

When I was a first-year graduate student in an economics Ph.D. program, I was taking a class we called Math Econ (taught by Dr. Omar Al-Ubaydli, at the time). I also was lucky to be renting a house along with several other women in the same program. For a few weeks, our group study sessions featured epsilon and delta.

Like many aspiring economists, I had taken Real Analysis at my undergraduate institution to bulk up on math skill and impress the admissions committee.*  

I never had a chance to join a sorority as an undergraduate student. It does look fun to walk around wearing a Greek code that is only fully understood by other members of a club. So, in grad school, I wanted to make shirts for what I called our “epsilon delta sorority”. We had Greek letters and a sisterhood (brotherhood). There are lots of women and men who are in the epsilon delta sorority.

It only took a decade for me to realize my dream. I have created shirts and shipped them to the girls I lived with. So more people can join, I created a store: https://shop.spreadshirt.com/economist-writing-every-day/

Here’s me wearing a t-shirt for women

Here’s a version for men

We have accessories, too. Why not? Life is too short to not put this on a mug. Someone already told me they want to give this to their daughter, so I added kids’ sizes.

I pulled out an old paper from my Math Econ course binder for this post. Here is something I had written for the class:

*If you are looking for an introduction, try Khan Academy. Taking Real Analysis before you get to an economics Ph.D. program is helpful, although not always necessary. Multivariable calculus is more practical than Real Analysis and used on a more routine basis for economists. Some subfields require more formal proofs than others.

The Top Shot Blockchain Phenomenon

Samford Business student Wes Crane writes: Remember when people used to buy and sell physical sports trading cards? Recently the NBA has partnered with Dapper Labs, a company that specializes in blockchain (the same technology used for Bitcoin and Ethereum), to create and sell a digital art form of non-fungible tokens, or “NFT”s, that contain video clips of highlight moments which can be traded online at https://nbatopshot.com.

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Current Research on the Gig Economy – Palagashvili

Online platforms are allowing us to trade used goods more easily than before. Similarly, sites like UpWork and Uber are making it easier to trade small blocks of human labor. Since the gig economy is growing (as documented by Dimitri Koustas), it’s important to understand how it is affecting workers.

Liya Palagashvili of Mercatus has a working paper with Paoula Suarez “Women as Independent Workers in the Gig Economy” examining particularly how the growing opportunities to work on a gig basis has affected women in different ways than men. They note, for example, that (in 2014–2015) 87 percent of independent workers on the Etsy platform were female, while 14 percent of workers on Uber’s platform were female.

Abstract: New technologies and digital platforms have ushered in a rise of gig, freelance, contract, and other types of independent work. Although independent workers and the gig economy as a whole have received plenty of attention, little research has examined the heterogeneity of work characteristics among different independent work opportunities, specifically as it relates to the participation of women in this workforce. Existing data indicate that some digital platforms are more male dominated, whereas others are more female dominated. What accounts for these differences? In this paper, we empirically examine the heterogeneity of work within independent work opportunities in relation to female participation by analyzing work characteristics in the United States from the Occupational Information Network (O*Net) database that reflect greater temporal flexibility, which has been shown to vary across occupations and to attract more female workers. Our findings suggest that women in the independent work context do self-select into the types of independent work jobs that reflect greater temporal flexibility, as is the case for women working in traditional employment. However, our findings also reveal that the way in which the existing literature measures temporal flexibility in traditional work settings may not be the same as the way it is measured in the context of independent work. We discuss the implications of our findings for public policy and labor laws. (emphasis mine)

Current Research on the Gig Economy – Koustas

Dmitri Koustas of U. Chicago has a forthcoming paper “Is New Platform Work Different than Other Freelancing?”

Abstract: The rise of freelance work in the online platform economy (OPE) has received considerable media and policy attention in recent years, but freelance work is by no means a new phenomenon. In this paper, we draw on I.R.S. tax records to identify instances when workers begin doing online platform work versus other freelance/independent contractor “gig” work for firms. We find gig work occurs around major reductions in outside income, and document usage over the lifecycle. Our results provide suggestive evidence on motivations for entering into each type of work. (emphasis mine)

His work was cited in the LA Times last year

people take on this work primarily because they’ve lost a job or some of their income — and particularly for younger workers, app-based services have been significantly more lucrative than more traditional side hustles.

I got to (virtually) talk to Dmitri Koustas, who is now a leading expert on gig work, this week. He became interested in the gig economy when he was thinking through a more traditional econ. question of generally how people modulate their labor supply in response to income shocks.

He also has a working paper “Is Gig Work Replacing Traditional Employment? Evidence from Two Decades of Tax Returns”

First half of the Abstract: We examine the universe of tax returns in order to reconcile seemingly contradictory facts about the rise of alternative work arrangements in the United States. Focusing on workers in the “1099 workforce,” we document the share of the workforce with income from alternative, non-employee work arrangements has grown by 1.9 percentage points of the workforce from 2000 to 2016. More than half of this increase occurred over 2013 to 2016 and can be attributed almost entirely to dramatic growth among gigs mediated through online labor platforms. We find that the rise in online platform work for labor is driven by earnings that are secondary and supplemental sources of income. Many of these jobs do not show up in self-employment tax records… (emphasis mine)

R.I.P. Borders

An analytics textbook is usually full of success stories (i.e. XYZ Corp. invested in a data warehouse and everything got better). I decided that my students needed to hear a downer for balance. What better example than Borders?

Borders was a fixture of suburban New Jersey in the 90’s. You could browse books or media and get coffee there. When I asked undergraduates in 2018 if they remember Borders, I learned how far south Borders had expanded (to Nashville, but not to Birmingham).

Never fear. All of my students knew the Kanye West song “All of the Lights”. The lyrics are:

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Blood Clots for You and Me

On April 13, 2021, CDC and FDA recommended a pause in the use of Johnson & Johnson’s Janssen COVID-19 Vaccine. When I first heard that the FDA was pausing the J&J vaccine because of less than 10 blood clots out of millions of patients, I thought I’d really get to the bottom of blood clots and blog about it. Other people (some of them are the kind of doctor that helps people) have already done a pretty good job in the past few days.

First, it is a tragedy that the vaccine is not being give to every male over 50 who wants it. Doing so would free up many thousands of other types of vaccines for young women.

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Facebook Disrupts a Phishing Spy Campaign

Written by Braden Murray, a Samford business school student:

Facebook is a social media platform, with more than one billion users (GCFGlobal.org). Facebook is also a data warehouse, and an analytics powerhouse. The company uses its technology to track user activity and obtain information on preferences. Information is used to update its newsfeed algorithm or sell advertising. Because Facebook monitors users, analysts know how many accounts are inactive or have suspicious activity. The WSJ reports a phishing attempt recently caught by Facebook.

Facebook has reported a security issue affecting the Uyghurs population. The social media company has just taken down multiple accounts connected to China being used online to “spy on journalists and dissidents in the overseas Uyghur Muslim community” (Horwitz). Facebook did not blame the Chinese government. It pinned the hacking on a network that used infected apps created by Chinese companies. Facebook also said the hacking activity happened outside of its social media platform, although the hackers did use Facebook accounts pretending to be members of the Uyghur community. They would send their victims links to the infected apps over Facebook, which is known as social media phishing. However, the only way the malware would download and corrupt the device is if it met the criteria of using Uyghur-language settings. 

Phishing is a crime committed on the internet that causes malware to corrupt a computer system and personal information to be stolen. It is usually conducted through email, text, or over the phone in some cases. A link is sent to the victim from a random source that seems like it could be reliable. If the link is clicked, the hack occurs and corrupts their technological device. The results of phishing include identity theft, financial fraud, and malware. The FBI said phishing was the most popular cybercrime of 2020 and doubled in cases from 114,702 to 241,324 (Tessian). Phishing is a very common occurrence that people need to be aware of in order to avoid consequences. 

Mike Dvilyanski is a Facebook employee who handles cyber threat intelligence. He said he “saw attackers injecting malicious code into the website pages” and how it would “then infect them with specific malware if they met criteria that attackers set up.” After noticing the hacking efforts, Dvilyanski and other coworkers would shut down the accounts. The hacker group was identified by a joint effort of several companies working along with Facebook. The Chinese hacker group called Earth Empuse or Evil Eye posed as journalists in the Uyghur community and other nearby places.

The effort was to shut down as many fraudulent accounts as possible to disrupt the network and decrease the number of successful phishing attacks. This is just one example of the security issues that Facebook encounters and combats using data analytics.

Note by Joy Buchanan: I encounter fraud and phishing attempts regularly on the internet, and usually it doesn’t faze me. Twice in the past year, I have gotten an email to my work address from someone pretending to be the dean of my school. I wasn’t tricked successfully either time, but I found those attacks to be particularly creepy.

Joy’s Cartoon is in a French Textbook

This is my day in the sun. A decade ago, I started ecoNomNomNomics.com. Back then, I knew that my dream job was “economics professor”, but I was years away and also thousands of miles away from where I am now. I have barely updated the site since 2011, but every now and then new people find it. My hope has always been that it would be both helpful and happy.

A French publisher reached out to me and asked for permission to use one of my cartoons in their workbooks that will reach actual French students. I was delighted to say yes.

Allons-y! With their permission, I reproduce the page that has my picture:

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