GPT: The text discusses the decomposition of wages throughout individuals lifecycles using the APC (Age-Period-Cohort) panel model and the Heckman-Lochner-Taber (HLT) approach. The Mincer earnings function forms the basis for this analysis, focusing on the relationships between education level, work experience, and wages. However, traditional decompositions face challenges due to collinearity between age, birth year, and current year. Deatons method addresses this by isolating time and cohort effects, allowing for separate analysis. The HLT approach further dissects wage growth, suggesting that as individuals near retirement, wage growth is primarily influenced by the time effect rather than human capital investment. This comprehensive approach aims to better understand wage dynamics over the course of individuals lives, incorporating factors such as education, work experience, age, and cohort effects.

GPT: The guide introduces economic journal RSS subscriptions, detailing various types of feeds and how to import them into Zotero. It covers a range of prestigious journals like AER, Econometrica, and QJE, providing direct RSS links for latest issues, advance access, open access. Additionally, it mentions platforms like Elsevier and CNKI for accessing foreign journals and offers interesting feeds like Zhihu Daily Selection and Terence Tao Blog.

Notes on econometrics, understanding causality, distinguishing between pooled, fixed, and random effects, and STATA operations. Also, personal understanding of mechanism testing, involving discussions on interaction terms.

This article discusses the distinction between the genuine and the counterfeit in anime and manga, and why that distinction matters for understanding utilitarian ways of thinking.

This article explores the essence of academic pursuit through Wang Xiaobo’s works and the spirit of science, emphasizing that the drive for answers stems from curiosity and desire for knowledge, rather than pursuing utility or practicality.

Economic weighting and scoring methods: PCA, CRITIC, EWM, COV. Also, some common pitfalls are recorded.

Only the River Flows

GPT Summary: This article explores the application and meaning of convergence in the fields of mathematics, probability theory, and economics. Starting from the concepts of limits and convergence in mathematics, it gradually expands to the Law of Large Numbers and the Central Limit Theorem in probability theory, and finally delves into the convergence effect in economics and the convergence tests and club convergence analysis in econometrics.