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I’m Professor of Public Policy and Economics at the NYU Wagner Graduate School of Public Service and Executive Director of the Financial Access Initiative at New York University.

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

the-financial-diaries-jacketJonathan 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 editioneconomics-jacket. 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. Forthcoming, 2017.

Robert Cull, Jonathan Morduch, and Asli Demirgüç-Kunt. “The Microfinance Business Model: Enduring Subsidy and Modest Profit.” World Bank Policy Research Working Paper WPS7786, July 2016. Blog post.

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.]