Finance Specialization

"From Local to Global: Extrapolating Experiments"

"From Local to Global: Extrapolating Experiments"

NYU Wagner Associate Professor of Public Policy Rajeev Dahejia, an economist, has posted an original essay stimulated by the phenomenal growth of randomized control trials (RCTs) for impact evaluations in international development and aid interventions. As he writes –  for the International Growth Centre blog – “questions persist about what the results of an RCT in one context can tell us about the probable results of similar programme implemented in another context." We invite you to read and consider his blog entry.

 

"Portfolios of the Poor," co-authored by Prof. Jonathan Morduch, Helped Inspire a New App to Address Income Volatility: NY Times Magazine

"Portfolios of the Poor," co-authored by Prof. Jonathan Morduch, Helped Inspire a New App to Address Income Volatility: NY Times Magazine

“Want A Steady Income? There’s an App for That,” a piece published Sunday, May 3, in The New York Times Magazine, focuses on a Silicon Valley app-in-development partly inspired by Portfolios of the Poor: How the World’s Poor Live on $2 a Day, the groundbreaking book (Princeton University Press, 2009) written by NYU Wagner Professor of Public Policy and Economics Jonathan Morduch, NYU Wagner PhD Daryl Collins, and two others. The anticipated app is designed to help households manage what has been called America's “hidden inequality” – the profound stresses and disruptions income volatility can cause.

Professor Morduch’s research centers on microfinance, social investment, and the economics of poverty. He is the Executive Director and Founder of the Financial Access Initiative (FAI). His current “U.S. Financial Diaries” project examines how income volatility affects low- and moderate-income U.S. families.

"The Hidden Lives of America’s Poor and Middle Class”

"The Hidden Lives of America’s Poor and Middle Class”

Jonathan Morduch, Professor of Public Policy and Economics at NYU Wagner, has co-written an article in the Stanford Social Innovation Review, describing the U.S. Financial Diaries project he leads. The ongoing project deeply explores the financial lives of individual American families of lower and middle income levels. It illuminates, in part, the phenomenon of unsteady household income and expenses, and how this volatility can hamper the ability of working families to gain economic stability and upward mobility. At the same time, the project shows that financial products, programs and policies created to help working households are sometimes ill-suited to the day-to-day challenges these households actually face – whether they are living below or well above the poverty line.

Professor Morduch is Executive Director the Financial Access Initiative, a consortium of researchers focused on the most pressing issues of financial inclusion in the U.S. and in developing countries. He created the U.S. Financial Diaries project with colleagues Rachel Schneider – with whom he co-authored the article – and NYU Wagner graduate Daryl Collins (PhD, 2010).

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