Esther Duflo, Michael Kremer and Abhijit Banerjee (husband to Duflo) are the winners of this year’s Nobel Prize in economics 2019.
These three people won the prize for “their experimental approach to alleviating global poverty,” according to a statement by the Royal Swedish Academy of Sciences.
Esther Duflo is just 46 years old and hence becomes the youngest individual to have ever won the prestigious prize in its half a century history and by the way she is the second woman to win the prize.
Duflo and Banerjee are professors at MIT where they co-founded the Abdul Latif Jameel Poverty Action Lab. Michael Kremer teachers at Harvard University.
Read More:
“Through a number of field experiments in Western Kenya, the researchers found that a lack of resources wasn’t the primary reason for under-performing schools and pupils, but rather a lack of teaching support and an overall lack of teacher accountability. Other studies have focused on everything from how price impacts parents’ decisions to give their children de-worming pills, to how mobile clinics can increase rates of vaccination, to the impact of microcredit programs,” wrote Pipa Stevens on CNBC.
The trio will share equally among themselves a total of 9 million Swedish Krona which is approximately $915,000 for their Nobel prize in economics 2019.
https://twitter.com/NobelPrize/status/1183681282351468546?
ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed&ref_url=https%3A%2F%2Fwww.cnbc.com%2F2019%2F10%2F14%2Fhere-are-the-winners-of-the-nobel-prize-in-economics-and-why-they-won-it.html
End
