"Restoring the American Dream: New Lessons from Big Data"
Raj Chetty delivered 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.
A video of Dr. Chetty's lecture can be found on the Maxwell School YouTube page.
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
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 public policy.
View the 2018 Photo Gallery here
Past Volcker Lectures
2017 - April 13. Christine Jolls, Gordon Bradford Tweedy Professor of Law and Organization, Yale University.
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: