Esther Duflo

Esther Duflo, FBA (French: [dyflo]; born 25 October 1972) is a FrenchAmerican economist,[6] who is the Professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). She is the co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab which was established in 2003.[7] She shared the 2019 Nobel Memorial Prize in Economic Sciences with Abhijit Banerjee and Michael Kremer, "for their experimental approach to alleviating global poverty".[8]

Esther Duflo
Duflo in 2009
Born (1972-10-25) 25 October 1972
NationalityFrench and American[1]
EducationÉcole normale supérieure, Paris (BA)
School for Advanced Studies in the Social Sciences (DEA)
Massachusetts Institute of Technology (PhD)
Spouse(s)Abhijit Banerjee (2015–present)
AwardsNobel Memorial Prize in Economic Sciences (2019)
Princess of Asturias Awards (Social Sciences, 2015)
John von Neumann Award (2013)
Dan David Prize (2013)
John Bates Clark Medal (2010)
Calvó-Armengol International Prize (2010)
Scientific career
FieldsSocial economics
Development economics
InstitutionsMassachusetts Institute of Technology
Doctoral advisorAbhijit Banerjee[2]
Joshua Angrist[2]
Doctoral studentsDean Karlan[3]
Rema Hanna[4]
Nancy Qian[5]

Duflo is a National Bureau of Economic Research (NBER) research associate, a board member of the Bureau for Research and Economic Analysis of Development (BREAD), and director of the Center for Economic and Policy Research's development economics program. Her research focuses on microeconomic issues in developing countries, including household behavior, education, access to finance, health, and policy evaluation. Together with Banerjee, Dean Karlan, Kremer, John A. List, and Sendhil Mullainathan, she has been a driving force in advancing field experiments as an important methodology to discover causal relationships in economics. Together with Banerjee, she wrote Good Economics for Hard Times, published in November 2019.

Early life and education

Duflo was born in 1972 in Paris, the daughter of pediatrician Violaine Duflo and mathematics professor Michel Duflo. During Duflo's childhood, her mother often participated in medical humanitarian projects.[9][10]

After studying in the B/L program of Lycée Henri-IV's Classes préparatoires, Duflo began her undergraduate studies at École normale supérieure in Paris planning to study history, her interest since childhood. In her second year she began considering a career in the civil service or politics. She spent ten months in Moscow starting in 1993. She taught French and worked on a history thesis that described how the Soviet Union "had used the big construction sites, like the Stalingrad tractor factory, for propaganda, and how propaganda requirements changed the actual shape of the projects." In Moscow, she also worked as a research assistant for a French economist connected to the Central Bank of Russia and, separately, for Jeffrey Sachs, an American economist, who was advising the Russian Minister of Finance. The experiences at these research posts led her to conclude that "economics had potential as a lever of action in the world" and she could satisfy academic ambitions while doing "things that mattered".[9]

She finished her degree in history and economics at École Normale Supérieure in 1994, and received a master's degree from DELTA, now the Paris School of Economics, jointly with the School for Advanced Studies in the Social Sciences (EHESS) of the Université Paris Sciences et Lettres (PSL) and the École Normale Supérieure in 1995. Subsequently, she completed a Ph.D. in economics at MIT in 1999, under the joint supervision of Abhijit Banerjee and Joshua Angrist. Her Ph.D. dissertation focused on effects of a natural experiment involving an Indonesian school-expansion program in the 1970s and it provided the conclusive evidence that in a developing country, more education resulted in higher wages.[9] Upon completing her PhD, she was appointed assistant professor of economics at MIT and has been at MIT ever since, aside from a leave at Princeton University in 2001–2002.[11] She was promoted to associate professor (with tenure) in 2002, at 29, making her among the youngest faculty members to be awarded tenure.[9]

Career

After earning her Ph.D in 1999, she was appointed an assistant professor at MIT. At 29, she was the youngest faculty member to hold tenure at MIT.[12]

Duflo and Banerjee have taken a special interest in India since 1997. In 2003, she conducted a trial experiment on teacher absenteeism in 120 schools run by a non-profit group. By encouraging the teachers to photograph themselves with their students each day, she was able to reduce their absenteeism.[9]

In 2003, she co-founded Poverty Action Lab at MIT, which has since conducted over 200 empirical development experiments and trained development practitioners to run randomized controlled trials.[13] The lab has branches in Chennai, India and at the Paris School of Economics.[14] In 2006, together with several colleagues, Duflo conducted another experiment in India. It showed that taped speeches by women were more readily accepted in villages which had experienced women leaders. Duflo became increasingly convinced that communities supporting women candidates could expect economic benefits but experienced difficulty in convincing her peers.[9] Focused on assessing developments addressing social welfare, in 2008 it received the Frontier of Knowledge award for development cooperation.[15][12] Duflo entered in the public sphere in 2013 when she sat in the new Global Development Committee, which advised former US President Barack Obama on issues regarding development aid in poor countries.[16]

Duflo is an NBER research associate,[17] a board member of the Bureau for Research and Economic Analysis of Development (BREAD),[18] and director of the Center for Economic and Policy Research's development economics program where she serves as both a board member and a director.[19][12]

She was the founding editor of the American Economic Journal: Applied Economics, editor of The American Economic Review, and a co-editor of The Review of Economics and Statistics and the Journal of Development Economics. Also, she is a member of the editorial committee of the Annual Review of Economics and a member of the Human Capital Research Programme within the International Growth Centre.[14]

She writes a monthly column for Libération, a French daily newspaper.[20]

She was the main speaker at the first Bocconi Lecture of Bocconi University in 2010,[21] followed in 2011 by Caroline Hoxby.

Personal life

Duflo is married to MIT professor Abhijit Banerjee; the couple have two children.[22][23] Banerjee was a joint supervisor of Duflo's Ph.D. in economics at MIT in 1999.[9]

Publications

Books

In April 2011, she released her book Poor Economics, co-authored with Banerjee. It documents their 15 years of experience in conducting randomized control trials to alleviate poverty.[24] The book has received a very positive acclaim. Nobel Laureate Amartya Sen called it "a marvelously insightful book by the two outstanding researchers on the real nature of poverty."[25][26]

  • Banerjee, Abhijit V.; Duflo, Esther (2019). Good Economics for Hard Times: Better Answers to Our Biggest Problems. PublicAffairs. ISBN 978-1-61039-950-0.
  • Banerjee, Abhijit Vinayak; Duflo, Esther, eds. (2017). Handbook of Field Experiments, Volume 1. North–Holland (an imprint of Elsevier). ISBN 9780444633248.
  • Banerjee, Abhijit V.; Duflo, Esther (2011). Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. New York: PublicAffairs. ISBN 9781610390408.
  • Banerjee, Abhijit Vinayak; Duflo, Esther, eds. (2017). Handbook of Field Experiments, Volume 2. North–Holland (an imprint of Elsevier). ISBN 9780444640116.
  • Duflo, Ester (2010). Le Développment Humain (Lutter contre la pauvreté, volume 1 (in French). Paris: Le Seuil. ISBN 978-2021014747.
  • Duflo, Ester (2010). Le Développment Humain (Lutter contre la pauvreté, volume 2 (in French). Paris: Le Seuil. ISBN 978-2021011876.
  • Duflo, Ester (2009). Expérience, science et lutter contre la pauvreté (in French). Paris: Fayard. ISBN 978-2818500071.

Papers

Duflo has published numerous papers, receiving 6,200 citations in 2017. Most of them have appeared in the top five economic journals.[14]

Awards

Nobel prize in economic sciences

Esther Duflo was awarded the Nobel Prize in Economics in 2019 along with her two co-researchers Abhijit Banerjee and Michael Kremer "for their experimental approach to alleviating global poverty". Duflo is the youngest person (at age 46) and the second woman to win this award (after Elinor Ostrom in 2009).[27][28][29]

The press release from the Royal Swedish Academy of Sciences noted: "Their experimental research methods now entirely dominate development economics."[8][30] The Nobel committee commented:

"Banerjee, Duflo and their co-authors concluded that students appeared to learn nothing from additional days at school. Neither did spending on textbooks seem to boost learning, even though the schools in Kenya lacked many essential inputs. Moreover, in the Indian context Banerjee and Duflo intended to study, many children appeared to learn little: in results from field tests in the city of Vadodara fewer than one in five third-grade students could correctly answer first-grade curriculum math test questions.[30]
"In response to such findings, Banerjee, Duflo and co-authors argued that efforts to get more children into school must be complemented by reforms to improve school quality."[30]

Responding by telephone to the Royal Swedish Academy of Sciences, Duflo explained that she received the prize "at an extremely opportune and important time" and hoped that it would "inspire many, many other women to continue working and many other men to give them the respect that they deserve like every single human being."[31] She also revealed that she wanted to use the award as a "megaphone" in her fighting efforts to tackle poverty and to improve children's education.[32]

French President Emmanuel Macron offered his congratulations: "Esther Duflo's magnificent Nobel Prize is a reminder that French economists are currently among the best in the world and shows that research in that field can have concrete impact on human welfare."[33]

Much of the discussion related to the prize shared by Duflo and her co-laureates focused on their influential use of randomized control trials in designing their experiments.[34] Summarizing the research approach which she had utilized along with Banerjee and Kremer, Duflo said simply, "Our goal is to make sure that the fight against poverty is based on scientific evidence."[35]

Other awards

Duflo was awarded the Elaine Bennett Research Prize by the American Economic Association in 2002, which honours a female economist under 40 who has made outstanding contributions in any field of economic research.[36]

In 2005, the think tank Cercle des économistes awarded her the Best Young French Economist prize.[37]

In May 2008 the United States magazine Foreign Policy named her as one of the top 100 public intellectuals in the world.[38]

In 2009 she was named a MacArthur Foundation Fellow, otherwise known as a "genius" grant.[39] She is also a fellow of American Academy of Arts and Sciences from 2009.[40] On 21 May 2009 she was selected as the first recipient of the Calvó-Armengol International Prize, which she finally received on 4 June 2010. That is awarded every two years to a top young researcher in economics or the social sciences for contributions to the theory and comprehension of the mechanisms of social interaction.[41]

She is a recipient of the 2010 John Bates Clark Medal for economists under 40 who have made the most significant contribution to economic thought and knowledge.[42] In the autumn of 2010, she was named to Fortune magazine's 40 Under 40 list.[43] She received her (first) honorary doctorate from the Université catholique de Louvain, on 2 February 2010.[44]

In 2010, Foreign Policy again named her to its list of top 100 global thinkers.[45] The Economist lists Duflo as one of the top eight young economists in the world.[46]

She was named one of Time magazine's 100 most influential people in the world in April 2011.[47]

In 2012, Duflo was picked by Foreign Policy magazine as one of its Top 100 Global Thinkers.[48]

She shared the 2012 Gerald Loeb Award Honorable Mention for Business Book for Poor Economics with co-author Abhijit Banerjee.[49]

In November 2013, she was honoured as an Officer of the French Order of Merit.[50]

She received the John von Neumann Award by Rajk László College for Advanced Studies in December 2013.

In 2014, she won the Infosys Prize in Social Science-Economics for leading "a major shift in development economics".[26]

She received the 2015 Princess of Asturias Social Sciences award in Spain.[51][52]

In 2015, she received the A.SK Social Sciences Award from the WZB Berlin Social Science Center, one of the world's largest awards in the social sciences which is endowed with US$200,000.[53]

On November 8th, 2019 she received a honorary doctorate from Erasmus University Rotterdam. [54].

References

  1. "Esther Duflo CV".
  2. Duflo, Esther (1999), Essays in empirical development economics. Ph.D. dissertation, Massachusetts Institute of Technology.
  3. Karlan, Dean S. (2002), Social capital and microfinance. Ph.D. dissertation, Massachusetts Institute of Technology.
  4. Hanna, Rema (2005), Essays in development and environmental economics. Ph.D. dissertation, Massachusetts Institute of Technology.
  5. Qian, Nancy (2005), Three essays on development economics in China. Ph.D. dissertation, Massachusetts Institute of Technology.
  6. "Esther Duflo Short Bio and CV".
  7. Biswas, Soutik (15 October 2019). "The Nobel couple fighting poverty cliches". BBC. Retrieved 16 October 2019.
  8. "The Prize in Economic Sciences 2019" (PDF). Royal Swedish Academy of Sciences: Nobel prize. 14 October 2019. Retrieved 14 October 2019.
  9. "The Poverty Lab". The New Yorker. 17 May 2010. Retrieved 14 October 2019.
  10. Gapper, John (17 March 2012). "Lunch with the FT: Esther Duflo". Financial Times. Retrieved 14 October 2019.
  11. "Esther Duflo – The Abdul Latif Jameel Poverty Action Lab". www.povertyactionlab.org. Retrieved 14 October 2017.
  12. "Esther Duflo". Famous Economists. Retrieved 14 October 2019.
  13. Clement, Douglas (December 2011). "Interview with Esther Duflo". Federal Reserve Bank of Minneapolis. Retrieved 14 October 2019.
  14. "Esther Duflo receives honorary doctorate in November 2019". Erasmus School of Economics. 28 August 2018. Retrieved 14 October 2019.
  15. "BBVA Foundation Frontiers of Knowledge Award Given to J-PAL". J-PAL. 1 December 2008. Retrieved 14 October 2019.
  16. "France's Esther Duflo becomes the youngest ever winner of the Nobel Prize in Economics". Business France. 16 October 2016. Retrieved 25 November 2019.
  17. "NBER Research Associates and Faculty Research Fellows in Economics of Education". www.nber.org. Retrieved 14 October 2017.
  18. BREAD Board of Directors Archived 4 March 2011 at the Wayback Machine
  19. Program Directors in each Program of CEPR Archived 22 June 2011 at the Wayback Machine
  20. Marshall, Jane (11 January 2009). "France: Duflo: economics can change the world". University World News. Retrieved 14 October 2019.
  21. "Bocconi Lecture – Esther Duflo, Professor of Economics, Massachusetts Institute of Technology". 23 June 2010. Retrieved 14 October 2017.
  22. Gapper, John (16 March 2012). "Lunch with the FT: Esther Duflo". Financial Times. Archived from the original on 5 November 2018. Retrieved 28 April 2019.
  23. "Esther's baby". Project Syndicate. 23 March 2012. Archived from the original on 27 November 2015. Retrieved 28 April 2019.
  24. "Poor Economics". www.pooreconomics.com. Retrieved 14 October 2017.
  25. Editorial Review at Amazon.com
  26. "Social Sciences, 2014: Esther Duflo". Infosys Prize. 2014. Retrieved 14 October 2019.
  27. Johnson, Simon; Pollard, Niklas (14 October 2019). "Trio wins economics Nobel for science-based poverty fight". Reuters.
  28. Jagannathan, Meera. "As Esther Duflo wins the Nobel Prize in economics, here's the uphill battle women face in the field". MarketWatch. Retrieved 16 October 2019.
  29. "Meet Esther Duflo, the Second Woman Ever to Win the Nobel Prize in Economics". Fortune. Retrieved 16 October 2019.
  30. "Nobel Prize in Economics won by Banerjee, Duflo and Kremer for fighting poverty". The Guardian. 14 October 2019.
  31. "The Latest: Duflo 'humbled' to win economics Nobel Prize". Times Colonist: The Associated Press. 14 October 2019.
  32. "Esther Duflo: 'Nobel Prize will be a megaphone'". BBC. 15 October 2019. Retrieved 16 October 2019.
  33. "Emmanuel Macron salue le "magnifique Prix Nobel" d'Esther Duflo" (in French). RTL: 5' minutes/AFP. Retrieved 14 October 2019.
  34. Smialek, Jeanna (14 October 2019). "Nobel Economics Prize Goes to Pioneers in Reducing Poverty: Three professors, Abhijit Banerjee and Esther Duflo, both of M.I.T., and Michael Kremer of Harvard, were honored". The New York Times. [A]s the years wore on and the results came in, randomized control trials gained acceptance as a key tool in development research. ‘They provided a way to objectively check if a project has the benefits it says it is going to have,’ said William Easterly, [another development] economist at New York University . . . .
  35. Horsley, Scott; Neuman, Scott (14 October 2019). "3 Win Nobel Prize In Economics For Work In Reducing Poverty". National Public Radio / All Things Considered.
  36. "Announcement for Recipient of the 2002 Elaine Bennett Research Prize". Retrieved 14 October 2017.
  37. "The award for best young economist: The prize history of the Circle of economists". Archived from the original on 2 October 2011. Retrieved 14 October 2017.
  38. "The Top 100 Public Intellectuals: Bios". Foreign Policy. Archived from the original on 25 January 2010. Retrieved 14 October 2017.
  39. "Class of 2009 – MacArthur Foundation". www.macfound.org. Retrieved 14 October 2017.
  40. American Academy of Arts and Sciences Book of Members, 1780–2010 Chapter D page.25
  41. "Prof. Esther Duflo Wins the Inaugural Calvó-Armengol Prize". 20 May 2009. Retrieved 14 October 2017.
  42. "American Economic Association". www.aeaweb.org. Retrieved 14 October 2017.
  43. "40 under 40: My first job". Fortune. Retrieved 15 October 2019.
  44. Inaugural lecture by Esther Duflo at the conferral of her honorary doctorate, Université catholique de Louvain (French). Archived 25 February 2012 at the Wayback Machine
  45. "Foreign Policy Magazine: Top 100 Global Thinkers". Retrieved 14 October 2017.
  46. "International bright young things", The Economist, 30 December 2008
  47. Foroohar, Rana (21 April 2011). "The 2011 Time 100". Time Magazine. Retrieved 14 October 2017 via www.time.com.
  48. "The FP Top 100 Global Thinkers". Foreign Policy. 26 November 2012. Archived from the original on 30 November 2012. Retrieved 28 November 2012.
  49. "UCLA Anderson Announces 2012 Gerald Loeb Award Winners". UCLA Anderson School of Management. 26 June 2012. Archived from the original on 12 April 2019. Retrieved 2 February 2019.
  50. "Décret du 14 novembre 2013 portant promotion et nomination" (in French). JORF. 15 November 2013. Retrieved 14 October 2019.
  51. "Esther Duflo wins Princess of Asturias Social Science prize". euronews.
  52. "Esther Duflo – Laureates". www.fpa.es. Fundación Princesa de Asturias. Retrieved 17 June 2015.
  53. "Esther Duflo is the 2015 A.SK Social Science Award Winner | WZB". www.wzb.eu. Retrieved 16 October 2019.
  54. In november nam zij een eredoctoraat in Economie in ontvangst van de Erasmus Universiteit.
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