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Publications (10)
– The new structural financial economics framework
The primary role of finance is to serve the ‘real economy’¬—the part of the economy that produces goods and services. Yet in practice, the financial sector often excessively indulges in speculative activities rather than performing its main functions, such as channeling saving for productive...
In our book, we examine Chile's economic, social, and development policies over the past six decades. The focal point is the enduring influence of the neoliberal model—a model that took root in the mid-1970s under authoritarian conditions and persisted through democratic governments, albeit with...
– Time for a more ambitious redistribution and reparations agenda
The famous 1920s book The Great Gatsby, by F. Scott Fitzgerald, is the classic analogy for the American dream of meritocracy —that any person can achieve a better life regardless of their background— though the story illustrates the fragility of the dream. It also shows an age of prosperity just...
Simon Kuznets’ pipe dream was to have economic inequality data that rarely existed when he was writing. What are the pipe dreams of today’s development economists? How about a rigorous development economics book, or set of books, you could read in a spare hour or two? A book that provides an...
– Rethinking how much parents’ influence children’s human capital in low- and middle-income countries
The measure of human capital —the economic value of one’s skills and experience— acknowledges that investments in people’s cognitive and emotional skills, and health and nutrition, increase their productivity. Beyond economic gains, human capital is widely considered critical for many dimensions of...
The influenza pandemic of 1918 (the Spanish Flu) is by far the greatest humanitarian disaster caused by an infectious disease in modern history. It infected over a quarter of the world’s population and killed over 50 million people. The brunt of the pandemic was borne by countries in the periphery...
Blog
Hiếu (pseudonym) embodies the ‘good refugee’ story. In 1979, he fled Vietnam by boat and eventually resettled in the Federal Republic of (West) Germany, as did many others. He quickly learned German and adapted to his new life with the help of a sponsor family. Hiếu completed his PhD in a science...
Blog
– Does more education mean better futures?
Education is my freedom ... if I have my education, everything is still possible for me in the future. Mohammed grinned, and looked down at his newly acquired university student card. He’d just enrolled for his first term at university as the beneficiary of a scholarship for asylum-seeking young...
Blog
– What can we learn from the experience of Vietnamese Americans?
Policy makers should see integration and upward mobility, and not simply placement and survival, as goals of resettlement of refugees. Our research on the integration of Vietnamese refugees in the United States shows that this population has demonstrated high levels of upward mobility. Drawing on...
Blog
– Challenging the conventional wisdom
It is widely accepted in recent work in economics and political science that ethnic diversity has a negative impact on the provision of public goods such as health and education. Indeed, the conventional wisdom holds that a negative relationship is so well-established empirically that research...
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