Duflo said the experience was “incredibly humbling,” and that the three laureates stood for “hundreds of researchers” who work on global poverty.
In Monday’s announcement from Stockholm, the Royal Swedish Academy of Sciences credited the three researchers for breaking down large questions about poverty to focus on “smaller, more manageable questions,” such as the best interventions for improving child health, and using field experiments to solve them.
In the 1990s, Kremer launched a number of field experiments in western Kenya to improve educational results. Banerjee and Duflo later conducted similar studies, building research methods that “now entirely dominate” development economics, according to the Nobel committee.
Those efforts helped inspire school tutoring programs that have benefited more than 5 million Indian children, for instance, as well as preventive health-care subsidies in a number of countries, the committee said.
“In just two decades their new experiment-based approach has transformed development economics, which is now a flourishing field of research,” the Nobel Prize committee said on Twitter. Later, in a news release, the panel noted that, “Due to their work, field experiments have become development economists’ standard method when investigating the effects of measures to alleviate poverty.”
The three laureates were among the first to attempt to measure the real-world effects of poverty-alleviation efforts in a wide array of…