"Restoring the American
Dream: New Lessons from Big Data"
Raj Chetty will deliver the Fourth Annual Paul Volcker Lecture in
Behavioral Economics, titled "Restoring the American
Dream: New Lessons from Big Data," on Monday, March 26 at 4:00 p.m. in the Goldstein Auditorium.
The lecture is free and open to the public. It will also be available to view via live stream on this website and Facebook Live the day of the event.
Dr. Chetty is a Professor of Economics at Stanford University. Chetty's research
combines empirical evidence and economic theory to help design more effective
government policies. His work on tax policy, unemployment insurance, and
education has been widely cited in media outlets and Congressional testimony.
His current research
focuses on equality of opportunity: how can we give children from disadvantaged
backgrounds better chances of succeeding?
Chetty is a recipient of a MacArthur "Genius" Fellowship and the
John Bates Clark medal, given by the American Economic Association to the best
American economist under age 40. He received his Ph.D. from Harvard University
in 2003 at the age of 23 and was a professor at UC-Berkeley until 2009, when he
returned to Harvard as one of the youngest tenured professors in Harvard's
history. Chetty moved to the Department of Economics at Stanford in 2015.
The Volcker Chair was endowed by Robert Menschel, senior director at
Goldman Sachs Group and trustee emeritus of Syracuse University. “The
critically important field of behavioral economics, although relatively
new, has quickly become central to policy makers and
corporate leaders in their decision making,” observes
Menschel, the author of Markets, Mobs, and Mayhem: A Modern Look at the Madness of
Crowds. “Paul Volcker is the nation’s preeminent economist who
epitomizes the very best thinking in this area.” Volcker’s distinguished
career includes eight years as chairman of the Board of Governors of
the Federal Reserve under Presidents Carter and Reagan; four years as
president of the
Federal Reserve Bank of New York; and two years as chair of
President Obama’s Economic Recovery Advisory Board. In addition, he
served as Undersecretary of Treasury for international monetary affairs
and was chairman of the prominent New York investment banking firm, J.
Rothschild, Wolfensohn &
Co. Volcker also chaired the National Commission on the
Public Service, which focused on the changes needed to restore vitality
and credibility to public service.
The Maxwell School gratefully acknowledges Mr. Menschel's generous
support. Funding for policy-relevant research and professional training
for future public officials are key components to advancing effective
governance at the national, state and local levels.
Leonard Burman, the Paul Volcker Chair in Behavioral Economics, hosts
the Paul Volcker Lecture and Symposium. Burman, in collaboration with
colleagues in Maxwell's Center for Policy Research, where he is a senior
research associate, organizes an annual conference or
lecture on a public policy topic drawing on the insights and
perspectives of behavioral economics. In addition, graduate students,
in public administration and economics, organize a companion research
symposium featuring scholars working at the cutting edge of research in
behavioral economics and
RSVPs are strongly recommended. To RSVP, please go to our RSVP form.
Past Volcker Lectures
2017 - April 13. Christine Jolls, Gordon Bradford Tweedy Professor of Law and Organization, Yale
View 2017 Photo Gallery
2016 - September 28. George Akerlof, Daniel
E. Koshland, Sr. Distinguished Professor Emeritus of Economics, UC Berkeley;
2001 recipient, Nobel Memorial Prize in Economics.
View 2016 Photo Galleries / View a video of the 2016 lecture
2015 - The
Inaugural Paul Volcker Lecture, March 19. Robert Shiller, Sterling Professor of
Economics, Yale University; 2013 recipient, Nobel Memorial Prize in Economics.
View 2015 Photo Galleries / View a video of the 2015 lecture
For more information on the Paul Volcker Lecture contact Katrina Wingle at: