Retracted!!
Forthcoming JF by Yale profs is a rip-off of LRM paper
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Shame shame shame bla bla but their career is uneffected, AS from MIT will continue inviting them to present at NBER (and won't invite LRMs who are honest but because of the corrupted system only manage to publish in lower ranked journals) etc. So what if there is shame? This bad and corrupt system will continue. I am getting tenure soon and can't wait to check out.
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This example highlights that:
1) HRMs just choose to ignore prior research by non-HRMs. Either they know of its existence and don't cite it or they simply fail to search properly. Either possibility is equally reprehensible.
2) Conditional on quality, HRMs have an incredibly higher probability of being given the benefit of the doubt at top journals. Editors and referees are to blame for this.
Until we don't fix this, the game is rigged.This
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While it is somewhat unusual for people to post under their real names here, we felt it was important to set the record straight.
Our failure to cite Kim, O'Connor, Norwood, and Shen (2019 Economic Bulletin, KONS) in our paper is the result of an early literature review. The anonymous allegations that we copied KONS or that we were told of KONS and strategically chose not to cite it are false. The prosaic reality is that we did not know about the existence of KONS until this week when this forum thread was brought to our attention. We conducted our main literature review in 2018, which is why we missed the KONS paper, which was first posted to SSRN in January 2019. We have detailed documentation of communication dating back to 2018 describing our hypotheses, empirical strategy, literature review, results, etc., and we have already contacted our Editor to express our willingness to share documentation.
This is one of those cases where an important topic (in this case gender and housing) gets worked on independently by multiple research teams at around the same time. We're grateful to Sean O'Connor, one of the authors of KONS, for reaching out to us and confirming that he and his coauthors do not support the allegations in this thread.
Our paper is not yet in print, and we have modified our paper to cite KONS. We have always cited other related work on demographic differences in housing markets that we found during our literature review, and indeed there are other papers already on gender and housing.
We think the KONS paper is a great piece of research, and we believe both papers make important contributions. KONS use Zillow deeds data and focus on gender differences in transaction prices and mortgages loan terms. We use both CoreLogic deeds and listings data and focus on gender differences in returns due to market timing and negotiated discounts relative to the initial listing price. We also show that gender gaps close in tight markets when bilateral negotiations are replaced with quasi-auctions.
It is our responsibility to conduct continuous, up-to-date literature reviews. The earlier version of our paper failed to give KONS credit for their work, and we have directly contacted the authors of that paper to apologize for our omission.
We will end our response here. If you have questions, you are welcome to contact us directly via email.
Kelly and Paul -
While it is somewhat unusual for people to post under their real names here, we felt it was important to set the record straight.
Our failure to cite Kim, O'Connor, Norwood, and Shen (2019 Economic Bulletin, KONS) in our paper is the result of an early literature review. The anonymous allegations that we copied KONS or that we were told of KONS and strategically chose not to cite it are false. The prosaic reality is that we did not know about the existence of KONS until this week when this forum thread was brought to our attention. We conducted our main literature review in 2018, which is why we missed the KONS paper, which was first posted to SSRN in January 2019. We have detailed documentation of communication dating back to 2018 describing our hypotheses, empirical strategy, literature review, results, etc., and we have already contacted our Editor to express our willingness to share documentation.
This is one of those cases where an important topic (in this case gender and housing) gets worked on independently by multiple research teams at around the same time. We're grateful to Sean O'Connor, one of the authors of KONS, for reaching out to us and confirming that he and his coauthors do not support the allegations in this thread.
Our paper is not yet in print, and we have modified our paper to cite KONS. We have always cited other related work on demographic differences in housing markets that we found during our literature review, and indeed there are other papers already on gender and housing.
We think the KONS paper is a great piece of research, and we believe both papers make important contributions. KONS use Zillow deeds data and focus on gender differences in transaction prices and mortgages loan terms. We use both CoreLogic deeds and listings data and focus on gender differences in returns due to market timing and negotiated discounts relative to the initial listing price. We also show that gender gaps close in tight markets when bilateral negotiations are replaced with quasi-auctions.
It is our responsibility to conduct continuous, up-to-date literature reviews. The earlier version of our paper failed to give KONS credit for their work, and we have directly contacted the authors of that paper to apologize for our omission.
We will end our response here. If you have questions, you are welcome to contact us directly via email.
Kelly and PaulIs this real?
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Is this real?
repost I think. the authors seem to spend a lot of time on EJMR
characterizing it as "the earlier version of our paper failed to give KONS credit for their work" is a funny way to phrase "the earlier version of our paper made no new contribution to the literature and only seemed interesting by omission"
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Paul,
I am sorry, but this is just not true.
We talked about the KONS paper at the Yale-RFS conference in January 2020. That was more than two years ago.
You gave your presentation in the morning (I think Paola was the discussant), and in the break we started talking about your paper.
We talked about how this was a crowded area. E.g., you mentioned JS at the Chicago Fed who has a similar paper looking at wealth---I was curious about whether your effects hold when you control for his results---and we talked about the Oklahoma paper as well. As I best remember it, you were clearly aware of this paper. I remember, because you adviced me to look at how the Zillow data compares with the CoreLogic data.
I am just so sad and really disappointed. I used to look up to you.The authors must respond to this update. It (and the 2020 references) directly contradict their story.
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What I find surprising is that KONS didn't say anything until now. You can't accuse Kelly and Paul of hiding the paper and submitting it without anybody knowing. Clearly, KONS must have seen the paper presented somewhere. Why didn't they say anything? At least, they should have asked Kelly and Paul to cite their paper.
they know there is no hope to beat JF AE and HRM
They even presented the paper in Oklahoma!!!!
This is crazy! Paul and Kelly literally presented their paper at Oklahoma, and they still claim that they didn't know about the other paper. Just astonishing...
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While it is somewhat unusual for people to post under their real names here, we felt it was important to set the record straight.
Our failure to cite Kim, O'Connor, Norwood, and Shen (2019 Economic Bulletin, KONS) in our paper is the result of an early literature review. The anonymous allegations that we copied KONS or that we were told of KONS and strategically chose not to cite it are false. The prosaic reality is that we did not know about the existence of KONS until this week when this forum thread was brought to our attention. We conducted our main literature review in 2018, which is why we missed the KONS paper, which was first posted to SSRN in January 2019. We have detailed documentation of communication dating back to 2018 describing our hypotheses, empirical strategy, literature review, results, etc., and we have already contacted our Editor to express our willingness to share documentation.
This is one of those cases where an important topic (in this case gender and housing) gets worked on independently by multiple research teams at around the same time. We're grateful to Sean O'Connor, one of the authors of KONS, for reaching out to us and confirming that he and his coauthors do not support the allegations in this thread.
Our paper is not yet in print, and we have modified our paper to cite KONS. We have always cited other related work on demographic differences in housing markets that we found during our literature review, and indeed there are other papers already on gender and housing.
We think the KONS paper is a great piece of research, and we believe both papers make important contributions. KONS use Zillow deeds data and focus on gender differences in transaction prices and mortgages loan terms. We use both CoreLogic deeds and listings data and focus on gender differences in returns due to market timing and negotiated discounts relative to the initial listing price. We also show that gender gaps close in tight markets when bilateral negotiations are replaced with quasi-auctions.
It is our responsibility to conduct continuous, up-to-date literature reviews. The earlier version of our paper failed to give KONS credit for their work, and we have directly contacted the authors of that paper to apologize for our omission.
We will end our response here. If you have questions, you are welcome to contact us directly via email.
Kelly and Paul -
While it is somewhat unusual for people to post under their real names here, we felt it was important to set the record straight...
The prosaic reality is that we did not know about the existence of KONS until this week....
Kelly and Paul
The "prosaic reality" will be a prozac reality soon.