Harvard's Raj Chetty has won this year's John Bates Clark Medal. It's a prize for the best economist under 40 and it normally goes to someone who's ever-so-close to 40, but Chetty got it at the tender age of 33.
He's big into policy-relevant research. Here's a paper he did with co-authors on whether being taught by teachers who are highly rated by value-added testing systems is correlated with good life outcomes that are independent of the testing system. (Yes!) A related earlier paper shows the huge lifelong influence of a great kindergarten teacher. Here's an empirically important paper about dividend versus corporate income taxation he did with Emmanuel Saez where I think they draw the reverse policy conclusion from the correct one (more on this later).
All things considered he's a standout example of the recent praiseworthy trend in economics toward a greater level of interest in obtaining relevant empirical information and using it in a theoretically sophisticated way.
Correction, April 12, 2013: This post originally misspelled Emmanuel Saez's first name.
TODAY IN SLATE
The Ebola Story
How our minds build narratives out of disaster.
The Budget Disaster That Completely Sabotaged the WHO’s Response to Ebola
PowerPoint Is the Worst, and Now It’s the Latest Way to Hack Into Your Computer
The Shooting Tragedies That Forged Canada’s Gun Politics
A Highly Unscientific Ranking of Crazy-Old German Beers
Welcome to 13th Grade!
Some high schools are offering a fifth year. That’s a great idea.
The Actual World
“Mount Thoreau” and the naming of things in the wilderness.