Economists Awarded for Research on Poverty - page 1
The Nobel Prize for Economics is shared this year by a researcher and two researchers. Abhijit Banerjee, Esther Duflo and Michael Kremer are honored "for their experimental approach to alleviating global poverty". The prize is endowed with around 830,000 euros.
India-born economist Abhijit Banerjee and Esther Duflo are working together at the Massachusetts Institute of Technology (MIT). The American Michael Kremer is Professor of Economics at Harvard University. Duflo is only the second woman to receive a Nobel Prize for Economics. The first was awarded in 2009 by the economist Elinor Ostrom.
All three prizewinners are engaged in field experiments. They should help to underpin economic policy with empirical findings.