| | 1 | Name: | Dr. Claudia Goldin | | | Institution: | Harvard University | | | Year Elected: | 2015 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Living
| | | Birth Date: | 1946 | | | | | | |
Claudia Goldin has made fundamental contributions to our understanding of labor market discrimination, gender roles in employment, the roles of education and health as major components of human capital and the role of human capital in economic growth. She has argued that it is difficult to rationalize occupational sex segregation and wage discrimination in terms of men’s taste for distance from women; instead she constructs a “pollution” model of discrimination in which a new female hire may reduce the prestige of a previously all male occupation. According to the model, occupations requiring productivity above the female median will tend to be segregated, while those below the median will tend to be integrated. In her analysis of the economic slowdown in the U.S. in the 1970s she finds that rising levels of inequality at the end of the 20th century was the root of the problem, not slow productivity growth or economic convergence between nations. In the U.S. educational system, she finds that the virtues characterizing it in the early 20th century may now be considered vices, in that the system that created social mobility now is beset by a lack of standards. In all her work she has illuminated fundamental questions of economic and social development. She won the Erwin Plein Nemmers Prize in Economics "for her groundbreaking insights into the history of the American economy, the evolution of gender roles and the interplay of technology, human capital and labor markets" in 2020. | |
| 2 | Name: | Dr. Thomas Piketty | | | Institution: | École des hautes études en sciences socials; Paris School of Economics | | | Year Elected: | 2015 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | International | | | Living? : |
Living
| | | Birth Date: | 1971 | | | | | | |
Thomas Piketty is the author of numerous articles published in journals such as the Quarterly Journal of Economics, the Journal of Political Economy, the American Economic Review and the Review of Economic Studies, and of a dozen books. He has done major historical and theoretical work on the interplay between economic development and the distribution of income and wealth. In particular, he is the initiator of the recent literature on the long run evolution of top income shares in national income (now available in the World Top Incomes Database). He is also the author of Capital in the 21st Century. These works have led to radically question the optimistic relationship between development and inequality posited by Kuznets, and to emphasize the role of political and fiscal institutions in the historical evolution of income and wealth distribution. | |
| 3 | Name: | Lord Nicholas Stern | | | Institution: | London School of Economics; British Academy | | | Year Elected: | 2015 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | International | | | Living? : |
Living
| | | Birth Date: | 1946 | | | | | | |
Professor Stern is the IG Patel Professor of Economics and Government, Chairman of the Grantham Research Institute on Climate Change and the Environment and Head of the India Observatory at the London School of Economics. He is President of the British Academy (from July 2013), and was elected Fellow of the Royal Society (June 2014).
Professor Stern has held academic appointments in the UK at Oxford, Warwick and the LSE and abroad including at the Massachusetts Institute of Technology, the Ecole Polytechnique and the Collège de France in Paris, the Indian Statistical Institute in Bangalore and Delhi, and the People’s University of China in Beijing.
He was Chief Economist of the European Bank for Reconstruction and Development, 1994-1999, and Chief Economist and Senior Vice President at the World Bank, 2000-2003.
He was Second Permanent Secretary to Her Majesty’s Treasury from 2003-2005; Director of Policy and Research for the Prime Minister’s Commission for Africa from 2004-2005; Head of the Stern Review on the Economics of Climate Change, published in 2006; and Head of the Government Economic Service from 2003-2007.
He was knighted for services to economics in 2004 and made a cross-bench life peer as Baron Stern of Brentford in 2007. He has published more than 15 books and 100 articles and his most recent book is Why are We Waiting? The Logic, Urgency and Promise of Tackling Climate Change.
He holds 12 honorary degrees and has received the Blue Planet Prize (2009), the BBVA Foundation Frontiers of Knowledge Award (2010), the Leontief Prize (2010), and the Schumpeter Award (2015), amongst many others. | |
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