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		Featured Research: MIT economist Dave Donaldson explores how railroads helped India trade and grow Before 1870, India barely had railroads. It didn�t have many canals either, and only a small percentage of the population lived along the three main rivers. So when goods needed to be transported, people used steer, which could pull freight about 20 miles per day. But the British, India�s colonial rulers, started building rail lines, and then built some more. By 1930, there were more than 40,000 miles of railroads in India, and goods could be shipped about 400 miles a day. The result? As MIT economist David Donaldson shows in a newly published study on the economic impact of building infrastructure, railroads fostered commerce that raised real agricultural income by 16 percent. �It shows that in the places where the railroad arrived in India, living standards improved,� says Donaldson, a professor in MIT�s Department of Economics.

		Parag Pathak wins John Bates Clark Medal Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics Parag Pathak was announced as the John Bates Clark winner for 2018, and will be presented with the prize at the American Economic Association meeting in January 2019. The Clark Medal is awarded by the AEA annually to the American economist under the age of forty judged to have made the most significant contribution to economic thought and knowledge.

		Nancy Rose elected to the American Academy of Arts and Sciences Charles P. Kindleberger Professor of Applied Economics and Department Head Nancy Rose was elected as a member to the American Academy of Arts and Sciences on April 18, 2018. The Academy is one of the oldest honorary societies in the United States, and counts as its members some of the most accomplished scholars in a broad range of fields as well as leaders in business, public affairs, the humanities, and the arts.

		Parag Pathak elected to the American Academy of Arts and Sciences Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics Parag Pathak was elected as a member to the American Academy of Arts and Sciences on April 18, 2018. The Academy is one of the oldest honorary societies in the United States, and counts as its members some of the most accomplished scholars in a broad range of fields as well as leaders in business, public affairs, the humanities, and the arts.

		David Autor named a MacVicar Faculty Fellow The 2018 MacVicar Faculty fellows are: David Autor, the Ford Professor of Economics and associate head of the Department of Economics; Christopher Capozzola, an associate professor of history; Shankar Raman, a professor of literature; and Merritt Roe Smith, the Leverett and William Cutten Professor of the History of Technology in the Department of History and the Program in Science, Technology, and Society (STS).

		David Autor leads MIT Work of the Future Task Force The MIT Task Force on the Work of the Future consists of a faculty and student research team of more than 20 members, as well as an external advisory board. The task force is an Institute-wide effort to understand and shape the evolution of jobs during an age of innovation.

		Victor Chernozhukov Awarded Bessel Prize from Humboldt Foundation Victor Chernozhukov was awarded the Friedrich Wilhelm Bessel Research Award Prize from the Humboldt Foundation in January. The Bessel Prize is awarded to scholars outside Germany who are internationally renowned in their field. They are invited to spend up to a year collaborating with their peers at an institution in Germany.

		Amy Finkelstein's Work on Impact of Hospital Stays on Unemployment Featured Professor Amy Finkelstein explores the financial and employment impact of a hospital stay on Californian workers. She demonstrates that while insurance can cover the direct medical fees to an extent, it does not cover earnings losses, which are significant.

		Isaiah Andrews selected as an 2018 Alfred P. Sloan Research Fellow Silverman (1968) Family Career Development Associate Professor of Economics Isaiah Andrews has been awarded a 2018 Sloan Research Fellowship, recognizing his exceptional contributions to theoretical and applied econometrics research. These awards by the Alfred P. Sloan Foundation seek to stimulate fundamental research by early-career scientists and scholars of outstanding promise. These two-year fellowships are awarded yearly in recognition of distinguished performance and a unique potential to make substantial contributions to their field.

		Drew Fudenberg Gives Presidential Address to Econometric Society Prof. Drew Fudenberg gave the presidential address to the Econometric Society on Thursday, January 4, at the ASSA meetings in Philadelphia.

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