Sunday, April 22, 2012

Economics thought of the day #2

"I don't think a Bayesian model is the right way to think about the impact of the pope."
From Imran Rasul's labor seminar a couple of weeks ago, in which he made the case that papal visits (or, more precisely, one papal visit to Brazil in which related issues were highlighted) result in transitory positive shocks to fertility (the paper does not yet seem to be up on his research page).

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