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, which has led to a new book about household economic insecurity.
The second edition of Economics, an intro textbook (micro + macro) written with Dean Karlan, comes out in early 2017. The book provides an empirical, problem-solving approach to economics – with a simpler introduction to today’s economics and more stories, evidence, and real-world connections.
In 2016-17, I’m on sabbatical at the Institute for Advanced Study.
Selected recent work
Jonathan Morduch and Rachel Schneider, The Financial Diaries: How American Families Cope in a World of Uncertainty (Princeton 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. Forthcoming, 2017.
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.]