Sat | Jun 6, 2020

Three economists who studied poverty win Nobel Prize

Published:Monday | October 14, 2019 | 6:28 PM
Goran K Hansson, Secretary General of the Royal Swedish Academy of Sciences (center) and academy members Peter Fredriksson (left) and Jakob Svensson announce the winners of the 2019 Nobel Prize in Economics during a news conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday, October 14, 2019. (Karin Wesslen/TT via AP)

STOCKHOLM (AP) — Two researchers from the Massachusetts Institute of Technology and a third from Harvard University won the 2019 Nobel Prize in economics on Monday for groundbreaking research into what works and what doesn’t in the fight to reduce global poverty.

The award went to MIT’s Abhijit Banerjee and Esther Duflo, and Harvard’s Michael Kremer.

The 46-year-old Duflo is the youngest person ever to win the prize and only the second woman, after Elinor Ostrom in 2009.

The three winners, who have worked together, revolutionised developmental economics by pioneering field experiments that generate practical insights into how poor people respond to education, health care and other programmes meant to lift them out of poverty.

“Without spending some time understanding the intricacies of the lives of the poor and why they make the choices they make ... it is impossible to design the right approach,” Duflo told a news conference held by the Royal Swedish Academy of Sciences, which awarded the prize.

Their work in rural Kenya and in India, for instance, found that providing more textbooks, school meals and teachers didn’t do much to help students learn more.

Making the schoolwork more relevant to students, working closely with the neediest students and holding teachers accountable — by putting them on short-term contracts, for example — were more effective in countries where teachers often don’t bother showing up for work.

The winners’ recommended programme of remedial tutoring is now benefiting 5 million Indian children, the academy said.

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