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Prof. Esther Duflo speaks with Mikaela Cohen of CNBC about how gender inequality, access to childcare and vaccine access are among the issues impacting the return to work in the U.S. and the global economic recovery. “We realized the current system is just not very workable. It just barely works,” says Duflo. “Women sustain themselves by pulling on their own boot straps.”
Prof. Esther Duflo has been named to India’s new economic advisory panel, reports Ganesh Nagarajan for Bloomberg.
Profs. Esther Duflo and Abhijit Banerjee speak with Financial Times reporter Martin Sandbu about the need for better economic “plumbing,” the shortcomings of policy to address climate change and the state of the profession of economics. Duflo notes that before the pandemic there had been improvement in quality of life around the world, "in part because of more focus on these quality of life issues and, I would argue, a little bit more attention given to plumbing and setting pragmatic objectives and programs as opposed to aiming for some more elusive growth.”
Writing for The Guardian, Profs. Abhijit Banerjee and Esther Duflo underscore the importance of a worldwide Covid-19 vaccination campaign. “Vaccinating the world will be crucial if countries are going to act together to confront the climate crisis,” they write, “which will require many of the same things as delivering vaccines: resources, innovation, ingenuity and a true partnership between rich and developing countries.”
Writing for The New York Times, Prof. Amy Finkelstein makes the case that cash transfers can do more to help the poor than expanding health insurance. “Cash helps recipients directly, while health insurance would pay mainly for care that many uninsured people were already receiving at low or no cost,” writes Finkelstein.
Prof. Esther Duflo speaks with Francesca Donner of The New York Times about her views on G.D.P., financial incentives, and how to encourage women to pursue careers in economics. “One of the mistakes made by economists in general was to agree collectively that G.D.P., and perhaps the stock market, is how we acknowledge success in a country,” says Duflo. “G.D.P. measures the value added in a country, but life is so much more than that.”
Writing for The New York Times, Profs. Abhijit Banerjee and Esther Duflo underscore the importance of helping other countries avoid a repeat of the coronavirus surge India is facing. “The world needs to look beyond India and avoid yet another mistake of timing,” they write. “We cannot afford to repeat the experience of the first wave, when we didn’t realize just how quickly a virus can travel. Neither should nations be lulled into a sense of false security by the progress of vaccination campaigns in the United States and Europe.”
The Economist spotlights the Teaching at the Right Level (TaRL) Africa initiative, launched by J-PAL and Pratham (an NGO in India), which aims to help increase educational gains among students in Africa by offering a model of catch-up classes.
Writing for The New York Times, Prof. Amy Finkelstein emphasizes the effectiveness of randomized clinical trials. Finkelstein notes that she hopes “truly rigorous testing of social policy will become as commonplace as it is for new vaccines. That would help ensure that government services are delivered as effectively and efficiently as possible.”
Profs. Esther Duflo and Abhijit Banerjee join NPR’s Planet Money for overrated or underrated, a game in which Banerjee and Duflo, winners of the 2019 Nobel Prize in Economic Sciences, “rate everything from bread to foreign aid to dating an economist.”
A new working paper by MIT researchers details how the use of a universal basic income (UBI) helped people in Kenya with difficult economic situations, writes Kelsey Piper for Vox. The researchers found that the UBI provided “income benefits in good times and then stability benefits during bad times,” says Prof. Tavneet Suri.
BBC reporter Dave Edmonds speaks to Prof. Esther Duflo, co-founder of J-PAL, about her use of field studies and randomized control trials to test the effectiveness of programs in developing countries. Duflo explains that by examining data from randomized control trials, “out of the noise emerges some kind of melody of the logic of behavior.”
In an article published by U.S. News & World Report, Jill Barshay writes about a new study by J-PAL researchers that examines the effectiveness of specific educational technologies. Vincent Quan of J-PAL North American explains that, “we wanted to find all the studies and distill the main lessons so that decision makers can decide which programs to scale up and invest in.”
The Economist highlights a study by J-PAL researchers examining the effectiveness of certain educational technologies. The researchers found that, “in nearly all the 41 studies which compared pupils using adaptive software with peers who were taught by conventional means the software-assisted branch got higher scores.”
Writing for CNBC, Ali Montag highlights MIT’s MicroMasters programs and how they offer students around the world a new path to a graduate degree. Montag notes that passing students from the MicroMasters in data, economics and development policy, “are eligible to apply for a master's program on campus at MIT.”