|Institution|| Stanford University |
University of California, Berkeley
University School of Milwaukee
|Alma mater||Harvard University (AB, AM, PhD)|
|Awards|| MacArthur Fellowship (2012)|
John Bates Clark Medal (2013)
Infosys Prize (2020)
|Information at IDEAS / RePEc|
Nadarajan "Raj" Chetty (born August 4, 1979) is an Indian-born American economist and the William A. Ackman Professor of Public Economics at Harvard University.Some of Chetty's recent papers have studied equality of opportunity in the United States and the long-term impact of teachers on students' performance. Offered tenure at the age of 28, Chetty became one of the youngest tenured faculty in the history of Harvard's economics department. He is a recipient of the John Bates Clark Medal and a 2012 MacArthur Fellow. Currently, he is also an advisory editor of the Journal of Public Economics . In 2020, he was awarded the Infosys Prize in Economics, the highest monetary award recognizing achievements in science and research, in India.
Raj Chetty was born in New Delhi, India and lived there until the age of nine.His family immigrated to the United States in 1988. Chetty graduated from University School of Milwaukee in 1997 and earned his AB from Harvard University in 2000. He continued at Harvard to earn his PhD in 2003 with a thesis titled Consumption commitments, risk preferences, and optimal unemployment insurance. As a sophomore in college, Chetty was told by his mentor Martin Feldstein to pursue his own ideas after proposing a counterintuitive idea that higher interest rates sometimes lead to higher investment.
In 2003, at the age of 23, Chetty became an assistant professor of economics at the University of California, Berkeley, becoming a tenured associate professor there at 27.In 2009, Chetty returned to Harvard, where he was the Bloomberg Professor of Economics and the director of the Lab for Economic Applications and Policy. In 2015, Chetty moved to Stanford, where he became a professor in the Economics Department. In June 2018, Raj Chetty's frequent coauthor John Friedman announced that Chetty will be returning to Harvard. In July of the same year, he became a Founding Director of Opportunity Insights with John Friedman and Nathaniel Hendren.
In 2011 with John Friedman and Jonah Rockoff, Chetty found that test-score based value-added measures are not substantially biased by unobserved student characteristics and that the students of high value-added teachers have markedly better outcomes later in life.Drawing on these findings, Chetty testified in the landmark case Vergara v. California in support of the plaintiffs’ key points: that teacher quality has a direct impact on students’ achievements and that the current dismissal and seniority statutes have disparate impact on minority and low-income students.
Chetty is also known for research showing that economic mobility varies enormously within the United Statesand for work on the optimal level of unemployment benefits.
In 2008, The Economist and The New York Times listed Chetty as one of the top eight young economists in the world.Chetty is among the most cited young economists in the world. In 2010, he received the Young Labor Economist Award from the Institute for the Study of Labor for his paper "Moral Hazard Versus Liquidity and Optimal Unemployment Insurance" in the Journal of Political Economy.
In 2012, he was one of 23 fellows to receive $500,000 over the following five years from the John D. and Catherine T. MacArthur Foundation as a recipient of one of the Foundation's Genius Grants.
Chetty was the recipient of the 2013 John Bates Clark Medal, awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge."
Chetty was awarded the Padma Shri, an award for distinguished service in any field, by the Government of India in 2015.
George Mason University economist Tyler Cowen described Chetty in 2017 as "the single most influential economist in the world today."
Research by Chetty was covered by The New York Times ,The Atlantic , Our World in Data, and Vox .
In 2018, he was elected a member of the National Academy of Sciences.
In 2019, he received an Andrew Carnegie Fellowship, awarded by the Carnegie Corporation of New York.
In December 2020, he received the Infosys Prize for Social Sciences – Economics "for his pioneering research on identifying barriers to economic opportunity and for developing solutions to help people escape from poverty towards better life outcomes."
Frank Hyneman Knight was an American economist who spent most of his career at the University of Chicago, where he became one of the founders of the Chicago School. Nobel laureates Milton Friedman, George Stigler and James M. Buchanan were all students of Knight at Chicago. Ronald Coase said that Knight, without teaching him, was a major influence on his thinking. F.A. Hayek considered Knight to be one of the major figures in preserving and promoting classical liberal thought in the twentieth century. Paul Samuelson named Knight as one of the several "American saints in economics" born after 1860.
Martin Stuart Feldstein was an American economist. He was the George F. Baker Professor of Economics at Harvard University and the president emeritus of the National Bureau of Economic Research (NBER). He served as president and chief executive officer of the NBER from 1978 to 2008. From 1982 to 1984, Feldstein served as chairman of the Council of Economic Advisers and as chief economic advisor to President Ronald Reagan. Feldstein was also a member of the Washington-based financial advisory body the Group of Thirty from 2003.
Richard Barry Freeman is an economist. The Herbert Ascherman Professor of Economics at Harvard University and Co-Director of the Labor and Worklife Program at Harvard Law School, Freeman is also Senior Research Fellow on Labour Markets at the Centre for Economic Performance, part of the London School of Economics, funded by the Economic and Social Research Council, the UK's public body funding social science. Freeman directs the Science and Engineering Workforce Project (SEWP) at the National Bureau of Economic Research (NBER), a network focused on the economics of science, technical, engineering, and IT labor which has received major long-term support from the Sloan Foundation.
Edward Paul Lazear was an American economist, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution at Stanford University and the Davies Family Professor of Economics at Stanford Graduate School of Business.
The IZA - Institute of Labor Economics, until 2016 referred to as the Institute of the Study of Labor (IZA), is a private, independent economic research institute and academic network focused on the analysis of global labor markets and headquartered in Bonn, Germany.
Evsey David Domar was a Russian American economist, famous as developer of the Harrod–Domar model.
Claudia Goldin is an American economic historian and labor economist who is currently the Henry Lee Professor of Economics at Harvard University. She is a co-director of the NBER's Gender in the Economy Study Group and was the director of the NBER’s Development of the American Economy program from 1989 to 2017. Goldin's research covers a wide range of topics, including the female labor force, the gender gap in earnings, income inequality, technological change, education, and immigration. Most of her research interprets the present through the lens of the past and explores the origins of current issues of concern. Her recently completed book Career & Family: Women's Century-Long Journey toward Equity will be released October 5, 2021.
John N. Friedman is an economist who currently serves as Professor of Economics, Chair of Economics, and Professor of International and Public Affairs at Brown University. He additionally co-directs Opportunity Insights and is a Research Associate of the National Bureau of Economic Research.
Daniel Selim Hamermesh is a U.S. economist, and Distinguished Scholar at Barnard College, Columbia University, Research Associate at the National Bureau of Economic Research, and Research Fellow at the Institute for the Study of Labor (IZA). Previously he was a Sue Killam Professor in the Foundations of Economics at the University of Texas at Austin and professor of economics at Royal Holloway, University of London.
The Institute for the Study of Labor awards a prize each year for outstanding academic achievement in the field of labor economics. The IZA Prize in Labor Economics has become a highly prestigious science award in international economics, is the only international science prize awarded exclusively to labor economists and is considered the most important award in labor economics worldwide. The prize was established in 2002 and is awarded annually through a nomination process and decided upon by the IZA Prize Committee, which consists of internationally renowned labor economists. As a part of the prize, all IZA Prize Laureates contribute a volume as an overview of their most significant findings to the IZA Prize in Labor Economics Series published by Oxford University Press.
Emmanuel Saez is a French, naturalized American economist who is Professor of Economics at the University of California, Berkeley. His work, done with Thomas Piketty and Gabriel Zucman, includes tracking the incomes of the poor, middle class and rich around the world. Their work shows that top earners in the United States have taken an increasingly larger share of overall income over the last three decades, with almost as much inequality as before the Great Depression. He recommends much higher (marginal) taxes on the rich, up to 70% or 90%. He received the John Bates Clark Medal in 2009, a MacArthur "Genius" Fellowship in 2010, and an honorary degree from Harvard University in 2019.
Harry Joseph Holzer is an American economist, educator and public policy analyst.
Francine Dee Blau is an American economist and professor of economics as well as Industrial and Labor Relations at Cornell University. In 2010, Blau was the first woman to receive the IZA Prize in Labor Economics for her "seminal contributions to the economic analysis of labor market inequality." She was awarded the 2017 Jacob Mincer Award by the Society of Labor Economists in recognition of lifetime of contributions to the field of labor economics.
David H. Autor is an American economist and professor of economics at the Massachusetts Institute of Technology (MIT), where he also acts as co-director of the School Effectiveness and Inequality Initiative. Although Autor has contributed to a variety of fields in economics his research generally focuses on topics from labor economics.
Gary Sheldon Fields is an American economist, the John P. Windmuller Professor of International and Comparative Labor and Professor of Economics at Cornell University. Fields' has performed extensive research in labor economics and development economics, in particular labor mobility, which was rewarded with the IZA Prize in Labor Economics in 2014.
Klaus Felix Zimmermann is a German economist and emeritus professor of economics at Bonn University. Additionally, he is an honorary professor at Maastricht University, the Free University of Berlin and the Renmin University of China as well as president of the Global Labor Organization. His research interests include population, labour, development and migration, with Zimmermann being among the leading economists on the topic of migration.
Ragui A. Assaad is an Egyptian economist and Professor of Planning and Public Affairs at the Humphrey School of Public Affairs. His research interests include labour economics, inequality and the economics of education. He ranks among the most prominent economists of Egypt.
Stefanie Stantcheva is a French economist who is a professor of economics at Harvard University. She is a member of the French Council of Economic Analysis. Her research focuses on public finance—in particular questions of optimal taxation. In 2018, she was selected by The Economist as one of the 8 best young economists of the decade. In 2020, she was awarded the Elaine Bennett Research Prize.
Patrick McGraw Kline is an U.S. American economist and Professor of Economics of the University of California at Berkeley. In 2018, his research was awarded the Sherwin Rosen Prize by the Society of Labor Economists for "outstanding contributions in the field of labor economics". In 2020, he was awarded the prestigious IZA Young Labor Economist Award.
Andrea Weber is an applied labor economist and currently a professor at the Central European University. She is a co-editor of the Journal of Public Economics.