Ways to Help End Global Poverty
Professor Karlan has been called one of the most creative and prolific young economists in the world. His research lies at the intersection of two of the hottest areas in the field: behavioral economics and development microfinance. With $3.4 million in funding he just received from Citi Foundation, Professor Karlan and the organization he founded—Innovations for Poverty Action—will conduct research on strategies to improve the financial capability of low- and moderate-income individuals across the world. This funding builds on a $7.3 million dollar grant he received from the Bill and Melinda Gates Foundation to study innovations in savings products and payment channels for poor households worldwide. Professor Karlan also has a new book out that he wrote with Jacob Appel titled More Than Good Intentions: Improving the Ways the World’s Poor Borrow, Save, Learn, and Stay Healthy. We talk with him about ways to help end global poverty.