2019 Nobel Prize for Economics is won by three CEPR Fellows
This year’s Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to three CEPR Fellows: Abhijit Banerjee, Esther Duflo and Michael Kremer, for their experimental approach to alleviating global poverty. The Royal Swedish Academy of Sciences noted:
“The research conducted by this year’s Laureates has considerably improved our ability to fight global poverty. In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research.”
Abhijit Vinayak Bnerjee was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology. In 2003 he founded the Abdul Latif Jameel Poverty Action Lab (J-PAL), along with Esther Duflo and Sendhil Mullainathan, and he remains one of the lab’s directors. Banerjee is a past president of the Bureau for the Research in the Economic Analysis of Development, a Research Associate of the NBER, a CEPR research fellow, International Research Fellow of the Kiel Institute, a fellow of the American Academy of Arts and Sciences and the Econometric Society, and has been a Guggenheim Fellow and an Alfred P. Sloan Fellow and a winner of the Infosys prize. He is the author of a large number of articles and four books, including Poor Economics (www.pooreconomics.com), which won the Goldman Sachs Business Book of the Year. He is the editor of three more books and has directed two documentary films. He also served on the U.N. Secretary-General’s High-level Panel of Eminent Persons on the Post-2015 Development Agenda.
Banerjee joined CEPR’s Development Economics research programme as a Fellow when it was created in 2006.
Abhijit's CEPR Discussion Papers can be found here. They include:
- DP13892 The Entertaining Way to Behavioral Change: Fighting HIV with MTV
- DP13981 The Efficient Deployment of Police Resources: Theory and New Evidence from a Randomized Drunk Driving Crackdown in India
- DP11193 Can Iron-Fortified Salt Control Anemia? Evidence from Two Experiments in Rural Bihar
Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics in the Department of Economics at the Massachusetts Institute of Technology and a co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab (J-PAL). In her research, she seeks to understand the economic lives of the poor, with the aim to help design and evaluate social policies. She has worked on health, education, financial inclusion, environment and governance. Professor Esther Duflo’s first degrees were in history and economics from Ecole Normale Superieure, Paris. She subsequently received a Ph.D. in Economics from MIT in 1999. Duflo has received numerous academic honors and prizes including the Princess of Asturias Award for Social Sciences (2015), the A.SK Social Science Award (2015), Infosys Prize (2014), the David N. Kershaw Award (2011), a John Bates Clark Medal (2010), and a MacArthur “Genius Grant” Fellowship (2009). With Abhijit Banerjee, she wrote Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty, which won the Financial Times and Goldman Sachs Business Book of the Year Award in 2011 and has been translated into more than 17 languages. Duflo is the Editor of the American Economic Review, a member of the National Academy of Sciences and a Corresponding Fellow of the British Academy.
Together with Robin Burgess, she set up CEPR’s research programme in Development Economics in 2006 and served as Programme Director until 2015. She remains a CEPR Fellow in both the Development Economics and Public Economics programme areas, which she joined in 2000. In May 2019, she was also featured in CEPR’s joint initiative on Women in Economics with UBS as a leader in Economics, having made a major impact in her field.
Esther's CEPR Discussion Papers can be found here, including:
- DP11881 The Economist as Plumber
- DP11761 E-governance, Accountability, and Leakage in Public Programs: Experimental Evidence from a Financial Management Reform in India
- DP11123 Field Experiments on Discrimination
- Improved cooking stoves in India: Evaluating long-run impacts
- Job placement and displacement: Evidence from a randomised experiment
Michael Kremer is the Gates Professor of Developing Societies in the Department of Economics at Harvard University. He is a Fellow of the American Academy of Arts and Sciences, a recipient of a MacArthur Fellowship and a Presidential Faculty Fellowship, and was named a Young Global Leader by the World Economic Forum. Kremer’s recent research examines education, health, water, and agriculture in developing countries. He has been named as one of Scientific American’s 50 researchers of the year, and has won awards for his work on health economics, agricultural economics, and on Latin America. He helped develop the advance market commitment (AMC) for vaccines to stimulate private investment in vaccine research and the distribution of vaccines for diseases in the developing world. In the fall of 2010 he became the founding Scientific Director of Development Innovation Ventures (DIV) at USAID. Dr. Kremer received his PhD in Economics from Harvard University. He is a member of the board of Precision Agriculture for Development.
Kremer joined CEPR’s Development Economics research programme as a Fellow when it was created in 2006.
Michael's CEPR Discussion Papers can be found here and include:
- DP13443 Using RCTs to Estimate Long-Run Impacts in Development Economics
- DP13241 Worst-Case Bounds on R&D and Pricing Distortions: Theory and Disturbing Conclusions if Consumer Values Follow the World Income Distribution
- DP11523 Borrowing Requirements, Credit Access, and Adverse Selection: Evidence from Kenya
- Using global demand calibrations to evaluate policy
- Vaccines, drugs, and Zipf distributions
- Mass deworming: Development’s best buy