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Abhijit Banerjee

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Abhijit Banerjee
Abhijit Banerjee
Sriya Sarkar · CC BY 4.0 · source
NameAbhijit Banerjee
CaptionBanerjee in 2019
Birth date21 February 1961
Birth placeMumbai, Maharashtra, India
NationalityAmerican
InstitutionMassachusetts Institute of Technology
FieldDevelopment economics
Alma materUniversity of Calcutta (BSc), Jawaharlal Nehru University (MA), Harvard University (PhD)
Doctoral advisorEric Maskin
InfluencesAmartya Sen
AwardsNobel Memorial Prize in Economic Sciences (2019)
SpouseEsther Duflo (m. 2015)

Abhijit Banerjee is a prominent economist renowned for his pioneering work in development economics. He is a professor at the Massachusetts Institute of Technology and a co-founder of the Abdul Latif Jameel Poverty Action Lab. In 2019, he was awarded the Nobel Memorial Prize in Economic Sciences jointly with Esther Duflo and Michael Kremer for their experimental approach to alleviating global poverty.

Early Life and Education

Born in Mumbai to economist parents, his early life was steeped in academic discourse. He completed his undergraduate studies in economics at Presidency College, Kolkata, which is part of the University of Calcutta. He then pursued a master's degree at the Jawaharlal Nehru University in New Delhi. For his doctoral studies, he moved to the United States, earning a PhD from Harvard University under the supervision of future Nobel laureate Eric Maskin. His dissertation work laid the groundwork for his future research into the mechanisms of poverty.

Career

After completing his doctorate, he began his academic career as an assistant professor at Princeton University. He later joined the faculty at the Massachusetts Institute of Technology, where he has remained a central figure. At MIT, he co-founded the Abdul Latif Jameel Poverty Action Lab with his colleagues Esther Duflo and Sendhil Mullainathan. He has also served as a research associate at the National Bureau of Economic Research and has been a visiting professor at institutions like the Paris School of Economics. His career is distinguished by a commitment to applying rigorous field experiments to economic policy.

Research and Contributions

His research revolutionized development economics by championing the use of randomized controlled trials to test the effectiveness of social policies. Key areas of study include improving educational outcomes in schools in India and Kenya, enhancing preventive healthcare uptake, and evaluating microfinance programs. He co-authored the influential book Poor Economics with Esther Duflo, which synthesizes findings from numerous field experiments. His work with the Abdul Latif Jameel Poverty Action Lab has provided actionable evidence to governments and NGOs worldwide, influencing programs related to vaccination, deworming, and agricultural technology adoption.

Awards and Honors

His most prestigious recognition is the 2019 Nobel Memorial Prize in Economic Sciences, shared with Esther Duflo and Michael Kremer. He is also a fellow of the American Academy of Arts and Sciences and the Econometric Society. He received the Infosys Prize in the social sciences category. His work has been recognized with honorary doctorates from several universities, and he was awarded the Bernhard Harms Prize from the Kiel Institute for the World Economy.

Personal Life

He is married to fellow economist and Nobel co-laureate Esther Duflo; the couple have two children. He holds American citizenship. Beyond his academic work, he has been a vocal commentator on economic policy in India, often writing for publications like the Indian Express. His intellectual lineage is deeply connected to the tradition of Amartya Sen and the Capability Approach.

Category:American economists Category:Nobel laureates in Economics Category:Massachusetts Institute of Technology faculty