My research focuses on finance and inequality. Current work is on the financial lives of low-income families, and on the economics of markets and social action. My empirical focus is mainly on Asia, especially on microfinance there, but for the past 5 years I’ve co-led the US Financial Diaries project with Rachel Schneider, which has led to a new book about household economic insecurity and poverty in America.
The 2nd edition of Economics, an intro textbook (micro + macro) written with Dean Karlan, came out in February 2017. The book provides an empirical, problem-solving approach to economics – with an emphasis on evidence and real-world connections.
In 2016-17, I’m on sabbatical at the Institute for Advanced Study in Princeton, New Jersey.
Selected recent work
Jonathan Morduch and Rachel Schneider, The Financial Diaries: How American Families Cope in a World of Uncertainty (Princeton 2017)
Dean Karlan and Jonathan Morduch. Economics, 2nd edition. McGraw-Hill/Irwin, February 2017.
Jonathan Morduch. “Economics and the Social Meaning of Money,” chapter 1 in Nina Bandelj, Frederick F. Wherry and Viviana Zelizer, eds., Money Talks: Explaining How Money Really Works. Princeton, NJ: Princeton University Press. 2017.
Jonathan Morduch and Julie Siwicki. 2017. “In and Out of Poverty: Poverty spells and income volatility in the U.S. Financial Diaries.” US Financial Diaries Project / FAI New York University. June.
Jonathan Bauchet, Jonathan Morduch, and Shamika Ravi. “Failure vs Displacement: Why an innovative anti-poverty program showed no net impact in South India.” Journal of Development Economics 116, September 2015: 1-16.
Robert Cull, Jonathan Morduch, and Asli Demirgüç-Kunt. “Banks and Microbanks.” Journal of Financial Services Research 46 (1), August 2014: 1-53.
David Roodman and Jonathan Morduch. “The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence.” Journal of Development Studies 50 (4), April 2014: 583-604. [Appendix.] [Drafts, code, data, more.]