curriculum vitae

Download CV in PDF Format

Jonathan J. Morduch

NYU Wagner Graduate School of Public Service

New York University

The Puck Building, 295 Lafayette Street, Room 3048

New York, NY 10012-9604

Tel: (212) 998-7515

Fax: (212) 995-4162

jonathan.morduch@nyu.edu

Current Employment

Professor of Public Policy and Economics

NYU Wagner Graduate School of Public Service and Department of Economics, New York University. (September 2006 - present)

Education

Harvard University, Cambridge, Massachusetts

Ph. D., M.A., Economics, November 1991. Fields in public finance and labor economics. Dissertation: Risk and Welfare in Developing Countries.

Brown University, Providence, Rhode Island

A. B. Economics (Honors), May 1985. Lamport Prize for International Understanding in Economics. Junior year at the London School of Economics.

Previous Professional Experience

Associate Professor of Public Policy and Economics

NYU Wagner Graduate School of Public Service and Department of Economics, New York University. (September 2000 – August 2006)

Associate Professor, Department of Economics, Harvard University, Cambridge, MA.

(July 1995 to July 1998; on leave: 1997-98)

Assistant Professor, Department of Economics, Harvard University, Cambridge, MA.

(July 1991 to June 1995; on leave: 1994-95)

Research Assistant, Agriculture and Rural Development Department, The World Bank,

Washington, DC. (June 1985 to September 1986)

Professional Service

Member, UN Advisors Group on Inclusive Financial Sectors, United Nations Capital Development Fund (UNCDF), 2006-8

Editorial Board, World Bank Economic Review, 2007-9.

Chair, International Steering Committee on Poverty Measurement, United Nations

Overseeing international effort to improve poverty measurement and analysis, harmonize approaches, and write a Handbook on Poverty Measurement. 2003-6.

Evaluator, “Evaluation of World Bank Research, 1998-2005.” Part of an academic group requested by the World Bank to independently and comprehensively assess World Bank research efforts. Responsible for evaluating research on finance and private sector development, 2006.

Member, SafeSave Cooperative, Dhaka, Bangladesh, 2006-present.

Expert panel member, Center on Institutional Reform and the Informal Sector (IRIS), University of Maryland. Member of panel formed in response to 2002 and 2004 Congressional legislation on measuring the outreach of donor-supported financial institutions. 2003-6.

Advisor to the Board of Directors, Pro Mujer

Technical advisor to the board of directors of a leading NGO providing health and education training combined with microfinance, located in Bolivia, Nicaragua, Mexico, Argentina, and Peru. 2002-present.

Program Committee, American Economics Association

Assisted arrangement of invited sessions, American Economics Association Annual Meetings, 1994.

Visiting and Affiliated Appointments

Visiting Professor

Department of Economics, University of Tokyo, March – June 2003.

Visiting Scholar

Department of Economics, University of Tokyo, October 2002 – February 2003.

Visiting Associate Professor

Woodrow Wilson School of Public and International Affairs, Princeton University, Princeton, NJ, Fall 2000.

MacArthur Foundation Research Fellow and Lecturer

Center for International Studies, Woodrow Wilson School, Princeton University, Princeton, NJ. (September 1998 to July 2000)

National Fellow, Hoover Institution, Stanford University, Stanford, CA.

(1997-98 Academic Year)

Visiting Scholar, Center for Research on Economic Development and Policy Reform,

Stanford University, Stanford, CA, Summer 1998.

Research Associate, Harvard Institute for International Development (HIID), Cambridge, MA. (1996 to 1998)

Visiting Scholar, Food Research Institute, Stanford University, January 1995 and 1996.

Visiting Assistant Professor and Visiting Scholar, Woodrow Wilson School, Princeton

University, Princeton, NJ. (1994-95 Academic Year)

Research Scholar, Institutional Reform and the Informal Sector, University of Maryland,

College Park, MD, 1994.

Junior Research Fellow, Institute for Policy Reform, Washington D.C., 1993.

Grants and Honors

Bill and Melinda Gates Foundation, 2006 - 2011

$4.99 million Grant for NYU-Harvard-Yale-IPA Financial Access Initiative

Distinguished Lecture, Indian School of Business, Center for Analytical Finance. Hyderabad. January 2008. “Microfinance: The Next Capitalist Revolution?”

Keynote address, Tokyo symposium on “What We Know and Don’t About Microfinance.” Co-organized by Japan Bank for International Development, FASID, Citibank Japan. December 2007.

Ford Foundation, 2002 - 2007

Grant for research on “Smart Subsidy Case Studies” (2006-7).

Grant for research on “Foundations of Social Investment” (2004-5).

Grant for research on “Microcredit and International Development” (2002-4).

Keynote address, Summit of Africa’s Young Business Leaders / Princeton Student Conference on Microfinance, December 15, 2006, Princeton University, Woodrow Wilson School of Public and International Affairs.

Keynote address, Conference on Microfinance, March 14-16, 2006, University of Michigan, Gerald R. Ford School of Public Policy.

Abe Fellowship, Japan Foundation and Social Science Research Council, 2002 – 2003.

Project: The Political Economy of Development Policy Advice: Prospects for a “Knowledge Bank”? Support for academic year of leave at the University of Tokyo and for travel in Asia and the United States.

Keynote Address, 3^rd International Conference on Finance and Development, University of Manchester, April 11, 2002: “Microcredit and the Future of Development Economics”.

National Science Foundation, 1993-1996

Grant for collection and analysis of longitudinal household data in Shandong Province, China. Research on economic development, inequality and risk in rural China (with Terry Sicular, Department of Economics, University of Western Ontario).

Blinken Grant for Teaching Innovation, Harvard University, 1995-1996

Funds to develop undergraduate curriculum on economic growth, poverty, and economic development.

Harvard Institute for International Development Research Committee, 1994

Funding for research on poverty measurement and poverty and growth in urban Bolivia.

Project on Institutional Reform and the Informal Sector, University of Maryland, 1994

Funding for research on economic theory and empirics on informal insurance institutions (joint with Debraj Ray, Boston University).

World Bank, Washington, DC, 1992

Funding for research on patterns of expenditure and gender bias in Bangladesh, using the Bangladesh Household Expenditure Survey of 1988-89 and Child Nutrition Survey of 1989.

Clark Fund, Harvard University, Summer 1992

Funding for research on “Economic Analysis of Household Behavior in the Face of Uncertainty.” Research on poverty in rural India and preliminary work on fertility patterns in 19th century England.

Alfred P. Sloan Foundation Doctoral Dissertation Fellowship, 1990-1991.

Teaching Experience

Wagner Graduate School, New York University

Graduate “Introduction to Public Policy” (Fall and Spring 2000, 2001, 2004, 2005, 2006, 2007)

Graduate “International Economic Development: Governments, Communities, and Markets” (Spring and Fall 2001, 2003, 2004, 2005, 2006, 2007)

Department of Economics, New York University

Graduate “Economic Development II” (Spring 2002, 2005, 2006, 2007)

Princeton University, Woodrow Wilson School

Graduate “Economics of Development (Advanced)” (Spring 1995 and Spring 1999, 2000)

Graduate policy workshop on microcredit (Fall 1999) and microinsurance (Fall 2000)

Stanford University, Food Research Institute

Graduate “Price Relations and Analysis of Commodity Markets” (Lectures on Consumer Behavior; Winter 1995 and 1996)

Stanford University, East Asian Studies and Anthropology Department

“The East Asian `Miracle:’ Anthropological and Economic Perspectives.” (Spring 1998) Co-taught with Dr. Amy Borovoy.

Beijing Workshop on Poverty and Finance

Lectures on finance, poverty, and gender; sponsored by the Ford Foundation. (June 1996)

Harvard University, Department of Economics

Undergraduate “Growth, Poverty, and Economic Development” (Spring 1996, 1997)

Graduate “Economic Development I: Growth and Distribution” (Fall 1992, 1995)

Graduate “Economic Development II: Markets and Policy” (Spring 1992-94, 1996, 1997)

Graduate “Economic Development Research Seminar” (Fall 1991 to 1997)

Head Tutor for Undergraduate Concentration (Fall 1991 to Spring 1994)

Books

The Economics of Microfinance, with Beatriz Armendáriz (Harvard University). MIT Press, June 2005. Paperback edition, September 2007.

Reviewed in the Journal of Economic Literature, Journal of International Economics, Times Higher Education Supplement, Choice, Economic Record, Southern Economic Journal, Journal of Economics, MicroBanking Bulletin, Development Policy Review, The Developing Economies, Journal of Economic Issues, Economic Development and Cultural Change

Contracts for translations into Chinese (China Social Sciences Press, Beijing); Spanish (Fondo de Cultura, Mexico City); Japanese (Nippon Hyoronsha, Tokyo); Polish (Anwero Tomasz Wozniak, Gdansk). South Asian English-language edition (Prentice Hall/India), 2008.

Portfolios of the Poor, with Daryl Collins, Stuart Rutherford, Orlanda Ruthven, and David Hulme. Manuscript in progress.

Articles In Refereed Journals

“Microfinance Performance: A Global Analysis” (with Robert Cull and Asli Demirgüç-Kunt). Economic Journal, February 2007.

“Strengthening Safety Nets from the Bottom Up” (with Manohar Sharma), Development Policy Review, 2002. Prepared for World Bank Institute, December 2000. Also available in the World Bank Social Safety Nets Primer, and as a Human Development Network Social Protection Unit (HDNCP) working paper (www.worldbank.org/poverty/safety).

“Rethinking Inequality Decomposition, with Evidence from Rural China” (with Terry Sicular). Economic Journal 112 (476), January 2002, 93-106.

“Microfinance Beyond Group Lending” (with Beatriz Armendariz de Aghion). The Economics of Transition 8 (2) 2000: 401 – 420.

“Sibling Rivalry in Africa,” American Economic Review (AEA, Papers and Proceedings) 90 (2), May 2000, 405 – 409.

“The Microfinance Promise,” Journal of Economic Literature 37 (4), December 1999, 1569 - 1614.

Reprinted in Gerald Meier and James Rauch, Leading Issues in Development Economics, 8^th edition, 2006. New York: Oxford University Press.

“Politics, Growth, and Inequality in Rural China: Does it Pay to Join the Party?” (with Terry Sicular). Journal of Public Economics 77 (3), September 2000, 331 - 356.

“The Role of Subsidies in Microfinance: Evidence from The Grameen Bank,” Journal of Development Economics 60, October 1999, 229 - 248. One of the top 10 downloads from the JDE website, January-June 2000.

“The Microfinance Schism,” October 1998. World Development 28 (4), April 2000, 617 - 629.

“Between the Market and State: Can Informal Insurance Patch the Safety Net?” World Bank Research Observer 14 (2), August 1999, 187 - 207.

“Sibling Rivalry and the Gender Gap: Evidence from Child Health Outcomes in Ghana” (with Ashish Garg), Journal of Population Economics 11 (4), December 1998, 471 - 493.

“Poverty, Economic Growth, and Average Exit Time,” Economics Letters 59, 1998, 385-390.

Featured in Economic Intuition (July 1998) as one of the “best 100 articles annually” in management, finance, and economics.

“Technological Adoption in Rural Cochabamba, Bolivia” (with Ricardo Godoy and David Bravo), Journal of Anthropological Research 54, Fall 1998, 351 - 371.

“Using Mixture Models to Detect Sex Bias in Health Outcomes in Bangladesh” (with Hal Stern), Journal of Econometrics 77 (1), March 1997, 259 - 276.

“Income Smoothing and Consumption Smoothing,” Journal of Economic Perspectives 9(3), Summer 1995, 103 - 114.

Repinted in Development Economics: Critical Concepts in Development Studies (Routledge Major Works series). Lead article, Volume II.

“Decentralization, Externalities, and Efficiency” (with Peter Klibanoff). Review of Economic Studies 62, April 1995, 223 - 247.

“Poverty and Vulnerability,” American Economic Review: AEA Papers and Proceedings 84 (2), May 1994, 221 - 225.

“Distributional Consequences of the Russian Price Reform” (with Karen Brooks and Yakov Urinson), Economic Development and Cultural Change 42:3, April 1994, 469 - 484.

“Wheat and Maize Price Policies in Hungary: Tradeoffs between Foreign Exchange and Government Revenue” (with Avishay Braverman and Jeffrey S. Hammer), Agricultural Economics 1, 1987.

Chapters in Books

“Micro-credit,” New Palgrave Dictionary of Economics, Steven Durlauf and Lawrence Blume, eds. Second Edition. Palgrave Macmillan. 2008.

“Smart Subsidy,” chapter 5 in Bernd Balkenhol, ed., Microfinance and Public Policy, forthcoming, Palgrave/Macmillan, 2007, pp. 72-85.

“Micro-insurance: The Next Revolution?” in Understanding Poverty, edited by Abhijit Banerjee, Roland Benabou, and Dilip Mookherjee. Oxford University Press, 2006.

“The Knowledge Bank,” forthcoming in Rethinking Foreign Aid, edited by William Easterly. MIT Press. Presented at meeting on “Reinventing Foreign Aid,” Center for Global Development, Washington, DC, August 2002 and at JICA, Tokyo, June 2003.

“Concepts of Poverty,” forthcoming as chapter 2 of United Nations Handbook of Poverty Statistics. New York: United Nations. Forthcoming, 2008. To be translated into six languages.

“Poverty Measures,” forthcoming as chapter 3 of United Nations Handbook of Poverty Statistics. New York: United Nations. Forthcoming, 2008.To be translated into six languages.

“Microfinance: Where do we stand?” (with Beatriz Armendariz). Chapter to be included in Charles Goodhart, editor, Financial Development and Economic Growth: Explaining the Links. Basingstoke, Hampshire, UK: Palgrave Macmillan, 2004. Invited presentation at the 2003 Meeting of the British Association for the Advancement of Science.

“Microfinance: Analytical issues for India,” with Stuart Rutherford. April 2003. Forthcoming in Priya Basu, ed., India's Financial Sector: Issues, Challenges and Policy Options. Oxford University Press.

“Microfinance and Poverty Reduction: What is the Bottom Line?” with Barbara Haley. Forthcoming (in French) in Exclusion et LiensFinanciers. 2003.

“Consumption Smoothing Across Space: Tests for Village-Level Responses to Risk.”

Substantial revisions August 2001 and June 2003. In Stefan Dercon, ed., Insurance Against Poverty, Oxford University Press, 2003.

“Measuring vulnerability to poverty.” With Gisele Kamanou, United Nations Statistical Division. June 2003. In Stefan Dercon, ed., Insurance Against Poverty, Oxford University Press, 2003.

“Replicating Microfinance in the United States: Opportunities and Challenges,” (with Mark Schreiner) December 2000. Chapter 1 of Replicating Microfinance in the United States, edited by Jim Carr and Zhong Yi Tong. Baltimore: Woodrow Wilson Center/Johns Hopkins University Press, 2002.

“Risk and Insurance in Transition: Perspectives from Zouping County, China,” (with Terry Sicular, University Western Ontario). Chapter 8 in Community and Market in Economic Development, Oxford University Press, edited by Professors Masahiko Aoki and Yujiro Hayami. 2001.

“Reforming Poverty Alleviation Policies,” presented at conference on “Economic Policy Reform: What We Know and What We Need to Know” held at Stanford University, September 1998. Published in Economic Policy Reform: The Second Stage, edited by Professor Anne Krueger, University of Chicago Press, 2000.

“Poverty and the `Population Problem’ ” (with Sudhir Anand, University of Oxford). Revision of Address at International Union for the Scientific Study of Population Congress, Florence, Italy, March 1995. In Population and Poverty in Developing Countries, Massimo Livi-Bacci and Gustavo de Santis, eds., Oxford University (Clarendon) Press, 1999.

“A Model of Price Liberalization in Russia” (with Alan Taylor, Harvard University), in The Economics of Transformation: Theory and Practice in the New Market Economies, eds. A. Schipke and A. Taylor (Berlin, New York: Springer, 1993).

Working Papers

“The Effect of Regulation on MFI Profitability and Outreach” (with Robert Cull and Asli Demirgüç-Kunt). November 2007. Under review.

“Microfinance and the Market” (with Robert Cull and Asli Demirgüç-Kunt). November 2007. Under review.

“The Unbanked: Evidence from Indonesia,”(with Don Johnston Jr.). Presented at the World Bank, March 2007. Under Review.

“Do interest rates matter? Credit demand in the Dhaka Slums” (with Rajeev Dehejia and Heather Montgomery). December 2007. Presented at Department of Economics and Earth Institute, Columbia University; Department of Economics, George Washington University; Department of Economics, Hunter College. Delhi School of Economics. Under review.

“Microfinance and the Millennium Development Goals: Experience from a Randomized Trial in Rural South Africa,” (with Paul M Pronyk, James R Hargreaves, Tanya Abramsky, Julia C Kim, Godfrey Phetla, Charlotte Watts, Linda A Morison, and John DH Porter; London School of Hygiene and Tropical Medicine and U. Witswatersrand).

“Microfinance Games” (with Xavier Gine, Pamela Jakiela, and Dean Karlan). June 2005. Presented at conference on “Does Microfinance Work?” Groningen, July 1-2, 2005. Presented at Berkeley, Yale, and Northeast Universities Development Consortium Conference.

“Financial Expansion and Fertility Decline: Evidence from Bangladesh,” December 2001; revised May 2004. Presented at New School University and Hitotsubashi University, UC-San Diego, UC-Davis, and Stanford.

“The Strategy of Global Public Goods” with Akihiko Matsui (University of Tokyo). Presented at NYU Conference on Foreign Aid and Northeast University Development Consortium, Yale University. December 2003.

“Can the Poor Pay More? Microfinance and Returns to Capital in Indonesia,” with Don Johnston. Presented at Asian Development Bank Institute, Tokyo University, and Hitotsubashi University. June 2003.

“Does Microfinance Really Help the Poor? New Evidence on Flagship Programs in Bangladesh,” June 1998. Presented at Stanford, UC-Berkeley, University of Washington, RAND, University of Toronto, Princeton, and Yale.

“The Grameen Bank: A Financial Reckoning,” February 1999. Main results included in “The Role of Subsidies in Microfinance: Evidence from The Grameen Bank,” Journal of Development Economics 60, October 1999, 229 - 248..

“Sibling Rivalry” (with Ashish Garg), presented at UC-Berkeley, Stanford, SUNY-Albany, William and Mary, University of Michigan, Columbia, Princeton and Ohio State. October 1998.

“Identifying Sex Bias in the Allocation of Household Resources: Evidence from Linked

Household Surveys from Bangladesh” (with Asif Ahmad). Harvard Institute for Economic Research Discussion Paper/HIID Development Discussion Paper. Presented at Harvard University; Boston University; Center for Development Research, Bangladesh (Dhaka); University of Western Ontario. April 1993.

“Anthropometry and econometric analysis: Cautionary evidence from Ghana,” Presented at Princeton, December 1999.

“Aggregation and the Measurement of Agricultural Supply Response: Evidence from a

Century of Agriculture in Maharashtra State.” Presented at the Winter Econometric Society Meetings, Anaheim, CA. January 1993.

“Risk and Poverty Alleviation.” Presented at the 1992 New England Universities

Development Consortium Conference, Boston, MA. October 1991.

“Risk, Production and Saving: Theory and Evidence from Indian Households.” Presented atHarvard, Stanford, UC-San Diego, UC-Los Angeles, U. of Pennsylvania, Boston College, U. of Virginia, Princeton, Yale, UC-Berkeley. November 1990 (Revised June 1993).

Essays, Other Publications, and Book Reviews

“Microfinance Programs and Better Health: Prospects for Sub-Saharan Africa” (with Paul Pronyk and James Hargeaves). Journal of the American Medical Association. October 24, 2007.

“From Microfinance to m-Finance” (with Mudit Kapoor and Shamika Ravi, Indian School of Business). In Innovations: Technology, Governance, Globalization Winter/Spring 2007, Vol. 2, No. 1-2: 82-90.

A version appeared also as:

“Banking via Mobile Phones will Alter Relations,” Economic Times (India), August 23, 2007.

“Beyond Microfinance, Towards M-Finance” in ISB Insight, Indian School of Business, Hyderabad. September 2007: 34-37.

“Smart Subsidy for Sustainable Microfinance,” Finance for the Poor 4 (6), Asian Development Bank, Manila, December 2005: 1-7.

Reprinted, Economic Self-Reliance Review 8 (1), 2006.

Testimony to Congress, “Microenterprise and Microfinance.” Testimony for the House International Relations Committee, Subcommittee on Africa, Global Human Rights and International Operations. September 20, 2005

“Q&A with Jonathan Morduch,” Microfinance Matters, August 2005.

“Managing Tradeoffs” in ID21, August 2004 issue. Special issue on “What role for microfinance? Reframing the questions.”

Reprinted, Appropriate Technology 32 (2), June 2005.

“The Grameen Bank Rethinks Microcredit” (In Japanese), Ajiken World Trend 106 (7) (Institute of Developing Economies, Chiba), June 2004.

“Is Microfinance an Effective Strategy to Reach the Millenium Development Goals?” (with Syed Hashemi and Elizabeth Littlefield). Focus Note No. 24. Washington, DC: Consultative Group to Assist the Poor. July 2003.

Analysis of the Effects of Microfinance on Poverty Reduction (with Barbara Haley), a report prepared by RESULTS Canada for the Canadian International Development Agency (CIDA), November 2001 (163 pages).

“Why are Farmers Slow to Adopt New Technologies?” box featured in World Bank, World Development Report 1998.

“Sibling Rivalry,” box featured in Debraj Ray, Development Economics, Princeton University Press, 1998.

“A Review of Thinking about Development [Paul Streeten],” Journal of Economic Literature, September 1997, 1429 - 1430.

“Microfinance in China” with Albert Park and Sangui Wang, October 1997. Poverty and Development (Beijing, in Chinese).

“The Nature of Change: Lessons from Zouping County” (with Sarah Cook and Terry Sicular), Openings (Shandong, China), Winter 1994, 12 - 14.

“A Review of Adjusting to Reality: Beyond `State versus Market' in Economic Development [Robert Klitgaard],” Journal of Economic Literature September 1993.

“Reflections on Alternative Allocation Mechanisms” in Approaches to Poverty Alleviation in Indonesia. Report 136/92/255, HIID/Indonesia, November 1992.

“Sub-Saharan Africa: From Crisis to Sustainable Growth: A Review,” Contributions to Political Economy 1990.

Refereeing and Professional Service

Refereeing for Journals

American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Journal of Economic Literature, Review of Economic Studies, Review of Economics and Statistics, Economics Letters, Economic Journal, Journal of Econometrics, Journal of Human Resources, Journal of Population Economics, Journal of Development Economics, Journal of Comparative Economics, Feminist Economics, Journal of Development Studies, Economic Development and Cultural Change, Review of Development Economics, World Bank Economic Review, Journal of African Economies, American Journal of Agricultural Economics.

Other Refereeing

National Science Foundation, MIT Press, McGraw-Hill Publishing, Harvard University Press, Oxford University Press, Princeton University Press, Edward Elgar, The World Bank, United States Agency for International Development, International Food Policy Research Institute, Inter-American Development Bank, Fannie Mae Foundation.

January 2008