Raj Chetty awarded Clark Medal
Harvard Professor of Economics Raj Chetty has been awarded the 2013 John Bates Clark Medal in recognition of his work, which combines empirical evidence and theory to inform the design of more effective government policies on everything from taxation to unemployment to education. Considered by many to be second only to the Nobel Prize in prestige, the medal is awarded annually by the American Economic Association (AEA) to an American economist under the age of 40 who is judged to have made the most significant contribution to economic thought and knowledge. At 33 years old, Chetty is the second-youngest ever to receive the award; Paul Samuelson was 32 when he received the first Clark Medal in 1947. “I was very surprised, honored and excited,” Chetty said, of his reaction upon learning he’d been selected. “The list of past recipients of this award is incredible, and includes many of my colleagues in the...