The 2019 Nobel Memorial Prize in Economic Sciences was just awarded to Abhijit Banerjee and Esther Duflo of M.I.T. and Michael Kremer of Harvard, three economists who have “transformed development economics” by pioneering new ways to study, and alleviate, global poverty.
Banerjee, Duflo and Kremer emphasize the use of field experiments to apply the benefits of laboratory trials to their field of research. They look at the spectrum of issues and challenges linked to global poverty, including education, to develop successful antipoverty programs, which are implemented across the world.
As part of their work, Banerjee and Duflo (the second woman and the youngest person ever to be awarded the prize for economics) founded the Abdul Lateef Jameel Poverty Action Lab (J PAL), a research center working to reduce poverty by ensuring that policy is informed by scientific evidence.
Here are three of their policy insights on education: