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		MIT News: Springing people from the poverty trap A long-term study from Bangladesh coauthored by Clare Balboni, the 3M Career Development Assistant Professor of Environmental Economics, finds that a one-time capital boost can help rural poor people accumulate assets, find better occupations, and climb out of poverty.

		Karthik Sastry selected to speak at 2022 Review of Economic Studies Tour PhD candidate Karthik Sastry is among seven students selected to speak at the 2022 Review of Economic Studies May Meetings. The annual Restud Tour is an opportunity for some of the world's most promising doctoral students in economics and finance to present their research to audiences in Europe. Sastry will present "Attention Cycles," a paper authored with classmate Joel Flynn on how and why decision-makers' bounded rationality fluctuates over the business cycle.

		Frank Schilbach receives Perkins Award for Excellence in Graduate Advising Frank Schilbach, the Gary Loveman Career Development Associate Professor of Economics, has been awarded the 2022 Frank E. Perkins Award for Excellence in Graduate Advising for the School of Humanities, Arts, and Social Sciences. The Perkins Award is given annually on the basis of student nominations to a professor from each school who, �as a graduate student advisor, demonstrates unbounded compassion and dedication towards students.�

		Edward Davenport receives 2022 Graduate Student Council Teaching Award PhD candidate Edward Davenport has been awarded the 2022 Graduate Student Council Teaching Award for SHASS, an honor given annually to one professor or teaching assistant from each school for excellence in graduate teaching. Davenport, who has also served as a teaching assistant for undergraduate courses in development economics and political economy, is recognized for his work with the department�s graduate-level course in Development Economics.

		Alberto Abadie elected to the American Academy of Arts and Sciences Alberto Abadie, Professor of Economics and Associate Director of MIT's Institute for Data, Systems, and Society, has been elected to the American Academy of Arts and Sciences. The academy is one of the nation's oldest honorary societies and a leading center for independent policy research. Abadie is one of 261 new members elected in recognition of exceptional accomplishments and leadership in academia, the arts, industry, public policy, and research.

		Jim Poterba named Distinguished Fellow of the American Economic Association Jim Poterba, the Mitsui Professor of Economics, has been elected a 2022 Distinguished Fellow of the American Economic Association in recognition of his prolific and influential work in Public finance, as well as his wide-ranging service to the profession and the public.

		Four undergraduate students from MIT Economics invited to join Phi Beta Kappa Society Four highly accomplished undergraduate students from the Course 14 and 6-14 majors have been invited to join MIT�s chapter of the Phi Beta Kappa Society. Seniors Eva Demsky, Lucy McMillan, Natali Northrup, and Edwin Song were elected by faculty in recognition of their exemplary academic achievement in the liberal arts. Only ten percent of higher education institutions have Phi Beta Kappa chapters, and fewer than 10 percent of students at those institutions are selected for membership.

		Daron Acemoglu on the role of automation in rising US wage inequality Daron Acemoglu's research points to "excessive automation" as a contributor to rising inequality. "We must redirect technology so it works for people," says Acemoglu, "not against them."

		Spring UEA Lecture: Bringing Big Data to the NFL The spring 2022 Undergraduate Economics Association lecture was delivered by Eugene Shen, MIT alumnus and Vice President of Football Analytics for the Jacksonville Jaguars.

		The $800 Billion Paycheck Protection Program: Where Did the Money Go and Why Did it Go There? Research coauthored by David Autor finds that only about a quarter of the funds spent by the federal Paycheck Protection Program went toward wages that would otherwise have been lost, with the remaining money landing in the pockets of company owners or shareholders.

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