News ArchiveItems 41-50 out of 358 displayed.
|MIT News: Alp Simsek on the broader economic effects of increased stock market wealth
Research by Alp Simsek, Rudi Dornbusch Career Development Associate Professor of Economics, brings new data to bear on the longstanding question of whether and how increased stock wealth affects the larger economy. Simsek and coauthors examine county-by-county data in the U.S. and find that after large market shifts, nontradable (i.e. place-situated) industry activities, including labor compensation, go up. The findings, which reinforce the idea that lowering interest rates and increasing stock wealth can also boost economic activity, have clear policy implications, particularly for central bankers.
|The Power of Pre-K: Parag Pathak and colleagues on the long-term effects of universal preschool
New research by Class of 1922 Professor of Economics Parag Pathak, along with Guthrie Gray-Lobe and Christopher Walters, provides important insights on the long-term effects of universal preschool. Studying Boston's public preschool program, Pathak and his coauthors find that, while preschool enrollment has little impact on standardized test scores, it improves short-term behavioral outcomes and ultimately boosts college attendance, SAT test-taking, and high school graduation.
|Claire Lazar Reich named 2021 Knight-Hennessy Scholar
Claire Lazar Reich is among six MIT affiliates selected for the newest cohort of the prestigious Knight-Hennessy Scholars program, which funds graduate studies at Stanford University. Lazar Reich graduated MIT with a bachelor of science in mathematics and will receive a joint PhD in economics and statistics this year. She is going on to pursue a JD at Stanford Law School and "aspires to use her legal education to contribute to financial regulation and technology law."
|Edward Davenport and coauthors receive Arrow Award for best paper in health economics
Second-year PhD student Edward Davenport, along with Professors Nava Ashraf and Oriana Bandiera of LSE and Scott S. Lee of Vanderbilt, has been awarded the 29th Kenneth J. Arrow Award from the International Health Economics Association. Their winning paper, praised as innovative and informative, "investigates whether career benefits for health workers attract talent at the expense of prosocial motivation in Zambia."
|Sara Fisher Ellison and Daniel Clark honored with Levitan Teaching Awards
Senior Lecturer Sara Ellison and PhD candidate Daniel Clark have been honored with SHASS Levitan Teaching Awards for their excellence in academic instruction and leadership. Student nominators noted Ellison's ability to cultivate a supportive and engaging environment for undergraduates tackling challenging course material, and Clark's willingness to thoughtfully and thoroughly convey complex content as a Teaching Assistant in graduate-level microeconomics.
|Esther Duflo and Abhijit Banerjee: India's Problem Is Now the World's Problem
Writing for The New York Times, Professors Abhijit Banerjee and Esther Duflo highlight the swift and coordinated actions needed to mitigate the crisis in India, and lessons that the rest of the world must learn from its current outbreak.
|Stephen Morris elected to the National Academy of Sciences
Stephen Morris, Peter A. Diamond Professor of Economics, is one of 120 members newly elected to the National Academy of Sciences "in recognition of their distinguished and continuing achievements in original research." The National Academy of Sciences is a private, nonprofit organization comprised of the country's leading researchers, and Morris was elected in honor of his contributions to theoretical microeconomics.
|Daron Acemoglu receives CME Group-MSRI Prize in Innovative Quantitative Applications
Institute Professor Daron Acemoglu is this year's winner of the CME Group-MSRI Prize in Innovative Quantitative Applications. The award recognizes "originality and innovation in the use of mathematical, statistical or computational methods for the study of the behavior of markets, and more broadly of economics." Acemoglu joins a distinguished group of past recipients that includes MIT's Bengt Holmstrom, Paul A. Samuelson Professor of Ecoomics, emeritus and 2016 winner of the Nobel Prize in economic sciences.
|Robert Townsend named Distinguished Fellow of the American Economic Association
Robert Townsend, Elizabeth and James Killian Professor of Economics, has been elected a 2021 Distinguished Fellow of the American Economic Association. Townsend is one of four economists honored with the award this year, and he joins an illustrious group that includes MIT Economists Whitney Newey, Olivier Blanchard, Stanley Fischer, Jerry Hausman, Paul Joskow, Peter Diamond, and Robert Solow.
|Senior Fiona Chen awarded a Paul and Daisy Soros Fellowship for New Americans
Fiona Chen, a senior majoring in economics and mathematics, is among 30 recipients of a 2021 Paul and Daisy Soros Fellowship for New Americans. Fellowships invest in the graduate education of outstanding immigrants and children of immigrants, and Chen, who is the daughter of immigrants from China, will pursue a PhD in economics this fall. While at MIT, Chen has undertaken economics research on pertinent topics including global development and poverty, universal health-care systems, and the role of technology in shaping the labor market. Chen has also advocated for policies to support underrepresented groups at MIT through her roles with a number of student groups and committees. Congratulations to Fiona on this well-deserved honor!
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