NBER Research Associate Raj Chetty received the American Economics Association's John Bates Clark Medal for 2013. This annual award recognizes the American economist under the age of 40 who has made the most substantial contribution to economic thought and knowledge. This year's prize highlights Chetty's research contributions in public economics and the economics of education. It calls attention to his work on the role of tax salience, his analysis of how various types of adjustment costs affect behavioral responses to taxation, and his research using administrative record databases to estimate key parameters that bear on the design of social insurance and educational programs.
Chetty is a Professor of Economics at Harvard University and one of the co-directors of the NBER's Public Economics Program. He is also a member of the NBER's Programs on Aging and Economic Fluctuations and Growth. He received his B.A. in 2000 and his Ph.D. in 2003 from Harvard University.
Other current NBER Research Associates who have received the Clark Medal include Daniel McFadden, Martin S. Feldstein, Joseph E. Stiglitz, James J. Heckman, Jerry A. Hausman, Sanford J. Grossman, Paul R. Krugman, Lawrence H. Summers, David Card, Kevin M. Murphy, Andrei Shleifer, Steven Levitt, Daron Acemoglu, Susan C. Athey, Emmanuel Saez, Esther Duflo, Jonathan Levin, and Amy Finkelstein. Gary Becker, who was an NBER affiliate from 1957 until 1979, also received the Clark Medal, as did the late Milton Friedman and Zvi Griliches, both of whom were NBER affiliates.