University of California, Berkeley
University School of Milwaukee
|Alma mater||Harvard University (AB, AM, PhD)|
|Awards||MacArthur Fellowship (2012)|
John Bates Clark Medal (2013)
Infosys Prize (2020)
|Information at IDEAS / RePEc|
Nadarajan "Raj" Chetty (born August 4, 1979) is an Indian-born American economist and the William A. Ackman Professor of Public Economics at Harvard University. Some of Chetty's recent papers have studied equality of opportunity in the United States and the long-term impact of teachers on students' performance. Offered tenure at the age of 28, Chetty became one of the youngest tenured faculty in the history of Harvard's economics department. He is a recipient of the John Bates Clark Medal and a 2012 MacArthur Fellow. Currently, he is also an advisory editor of the Journal of Public Economics. In 2020, he was awarded the Infosys Prize in Economics, the highest monetary award recognizing achievements in science and research, in India.
Education and early career
Raj Chetty was born in New Delhi, India and lived there until the age of nine. His family immigrated to the United States in 1988. Chetty graduated from University School of Milwaukee in 1997 and earned his AB from Harvard University in 2000. He continued at Harvard to earn his PhD in 2003 with a thesis titled Consumption commitments, risk preferences, and optimal unemployment insurance. As a sophomore in college, Chetty was told by his mentor Martin Feldstein to pursue his own ideas after proposing a counterintuitive idea that higher interest rates sometimes lead to higher investment.
In 2003, at the age of 23, Chetty became an assistant professor of economics at the University of California, Berkeley, becoming a tenured associate professor there at 27. In 2009, Chetty returned to Harvard, where he was the Bloomberg Professor of Economics and the director of the Lab for Economic Applications and Policy. In 2015, Chetty moved to Stanford, where he became a professor in the Economics Department. In June 2018, Raj Chetty's frequent coauthor John Friedman announced that Chetty will be returning to Harvard. In July of the same year, he became a Founding Director of Opportunity Insights with John Friedman and Nathaniel Hendren.
In 2011 with John Friedman and Jonah Rockoff, Chetty found that test-score based value-added measures are not substantially biased by unobserved student characteristics and that the students of high value-added teachers have markedly better outcomes later in life. Drawing on these findings, Chetty testified in the landmark case Vergara v. California in support of the plaintiffs’ key points: that teacher quality has a direct impact on students’ achievements and that the current dismissal and seniority statutes have disparate impact on minority and low-income students.
In 2008, The Economist and The New York Times listed Chetty as one of the top eight young economists in the world. Chetty is among the most cited young economists in the world. In 2010, he received the Young Labor Economist Award from the Institute for the Study of Labor for his paper "Moral Hazard Versus Liquidity and Optimal Unemployment Insurance" in the Journal of Political Economy.
Chetty was the recipient of the 2013 John Bates Clark Medal, awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge."
In 2018, he was elected a member of the National Academy of Sciences.
In December 2020, he received the Infosys Prize for Social Sciences – Economics "for his pioneering research on identifying barriers to economic opportunity and for developing solutions to help people escape from poverty towards better life outcomes."
- Google Scholar profile
- Chetty, R.; Saez, E. (2005). "Dividend Taxes and Corporate Behavior: Evidence from the 2003 Dividend Tax Cut" (PDF). The Quarterly Journal of Economics. 120 (3): 791. doi:10.1093/qje/120.3.791. JSTOR 25098756. Archived from the original (PDF) on 2013-05-31. Retrieved 2015-08-29.
- Chetty, Raj; Friedman, John N.; Hilger, Nathaniel; Saez, Emmanuel; Schanzenbach, Diane Whitmore; Yagan, Danny (2011). "How does your kindergarten classroom affect your earnings? Evidence from Project STAR" (PDF). The Quarterly Journal of Economics. 126 (4): 1593–1660. doi:10.1093/qje/qjr041. PMID 22256342.
- Chetty, Nadarajan. "Consumption commitments, risk preferences, and optimal unemployment insurance". Retrieved January 23, 2014 – via ProQuest.
- Chetty, Raj. "RajChetty.com". Retrieved 5 February 2019.
- "The Equality of Opportunity Project". www.equality-of-opportunity.org.
- "Archived copy". Archived from the original on 2014-08-05. Retrieved 2014-08-01.CS1 maint: archived copy as title (link)
- "2012 MacArthur Foundation 'Genius Grant' Winners". 1 October 2012. AP. Retrieved 1 October 2012.
- "Journal of Public Economics".
- "Infosys Laureate - Social Sciences (2020) ~ Raj Chetty". Infosys Science Foundation.
- Cook, Gareth (17 July 2019). "The Economist Who Would Fix the American Dream". The Atlantic. Retrieved 9 July 2020.
- "Raj Chetty — MacArthur Foundation". www.macfound.org.
- Chesler, Caren (October 2007), "The Experimenter", The American
- "John N.Friedman on Twitter".
- "Biographical Sketch: Raj Chetty" (PDF).
- "Research Items Archive - Students Matter". Students Matter.
- Leonhardt, David (22 July 2013). "In Climbing Income Ladder, Location Matters". The New York Times. Retrieved 4 July 2020.
- "International bright young things", The Economist, December 30, 2008
- firstname.lastname@example.org. "Young Economist Rankings - IDEAS/RePEc". ideas.repec.org.
- "IZA - Institute of Labor Economics". www.iza.org.
- Brenda Cronin, Economist Is Awarded Top Honor in the Field, Wall Street Journal, April 12, 2013
- "Padma Awards 2015". pib.nic.in. Press Information Bureau, Government of India. Retrieved 4 May 2015.
- Center, Mercatus (2017-05-24). "Raj Chetty on Teachers, Taxes, Mobility, and How to Answer Big Questions". Medium. Retrieved 2017-06-19.
- Badger, Emily; Bui, Quoctrung (2018-10-01). "Detailed Maps Show How Neighborhoods Shape Children for Life". The New York Times. ISSN 0362-4331. Retrieved 2019-09-22.
- Pinsker, Joe (2019-06-26). "How Do Rich Neighborhoods Exist So Close to Poor Ones?". The Atlantic. Retrieved 2019-09-22.
- "Talent is everywhere, opportunity is not. We are all losing out because of this". Our World in Data. Retrieved 2019-09-22.
- Matthews, Dylan (2018-03-21). "The massive new study on race and economic mobility in America, explained". Vox. Retrieved 2019-09-22.
- "Carnegie Corporation names fellowship winners". Harvard Gazette. 2019-04-23. Retrieved 2019-05-01.
- "Infosys Prize 2020 winners felicitated in six categories". The Hindu.