Amy Finkelstein
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Amy Nadya Finkelstein (born November 2, 1973) is an American economist who is a professor of economics at the
Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a Private university, private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of moder ...
(MIT), the co-director and research associate of the Public Economics Program at the
National Bureau of Economic Research The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic co ...
, and the co-Scientific Director of J-PAL North America. She was awarded the 2012 John Bates Clark Medal for her contributions to economics. She was elected to the
National Academy of Sciences The National Academy of Sciences (NAS) is a United States nonprofit, NGO, non-governmental organization. NAS is part of the National Academies of Sciences, Engineering, and Medicine, along with the National Academy of Engineering (NAE) and the ...
and won a MacArthur "Genius" fellowship in 2018.


Education

Finkelstein studied government at
Harvard University Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...
, where she was a Truman Scholar and received an BA, '' summa cum laude'', in 1995. At Harvard, her interest in economics was inspired in part by taking economist Lawrence Katz's course "Social Problems in the American Economy". She was a Marshall Scholar at
Oxford University The University of Oxford is a collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the second-oldest continuously operating u ...
, where she received an M.Phil. in
economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...
in 1997. She received her
PhD A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the deg ...
in economics from MIT in 2001 under supervision of James M. Poterba and Jonathan Gruber.Finkelstein, Amy (2001),
Adverse selection and government intervention in life and health insurance markets
'. Ph.D. dissertation, Massachusetts Institute of Technology.


Career

Finkelstein was a Junior Fellow at the Harvard Society of Fellows for three years, after which she joined the MIT faculty in 2005 and received tenure within three years. In 2016, MIT's School of Humanities, Arts, and Social Sciences named Finkelstein the John and Jennie S. MacDonald Professor for a five-year term. The professorship was established with a gift by Edmund MacDonald, and recognizes Finkelstein's outstanding achievements in the field of economics.


Research

Finkelstein's primary expertise is in
public finance Public finance refers to the monetary resources available to governments and also to the study of finance within government and role of the government in the economy. Within academic settings, public finance is a widely studied subject in man ...
and
health economics Health economics is a branch of economics concerned with issues related to Health care efficiency, efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare. Health economics is important in dete ...
, focusing particularly on
health insurance Health insurance or medical insurance (also known as medical aid in South Africa) is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance, risk is shared among ma ...
. She conducts research into
market failure In neoclassical economics, market failure is a situation in which the allocation of goods and services by a free market is not Pareto efficient, often leading to a net loss of economic value.Paul Krugman and Robin Wells Krugman, Robin Wells (2006 ...
s and
government intervention A market intervention is a policy or measure that modifies or interferes with a market, typically done in the form of state action, but also by philanthropic and political-action groups. Market interventions can be done for a number of reas ...
in
insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...
markets, and the impact of
public policy Public policy is an institutionalized proposal or a Group decision-making, decided set of elements like laws, regulations, guidelines, and actions to Problem solving, solve or address relevant and problematic social issues, guided by a conceptio ...
on health care and health insurance. Together with Katherine Baicker, she is one of two principal investigators of the Oregon Health Insurance Experiment, a randomized evaluation of the impact of expanding Medicaid to low-income adults. Her research has shown that newly enrolled Medicaid patients make more trips overall to providers after acquiring insurance, make more visits to emergency rooms, and benefit financially from having insurance, among other findings. Finkelstein said that the body of research, including her work on the effects of the 2008 Medicaid expansion in Oregon, have made her confident that health insurance improves health.


Awards

In 2008, Finkelstein was awarded the Elaine Bennett Research Prize by the Committee on the Status of Women in the Economics Profession (CSWEP), for her contributions to the economics profession. In 2012, she was awarded the John Bates Clark Medal from the
American Economic Association The American Economic Association (AEA) is a learned society in the field of economics, with approximately 23,000 members. It publishes several peer-reviewed journals, including the Journal of Economic Literature, American Economic Review, an ...
. The award cited her research as "a model of how theory and empirics can be combined in creative ways". In 2018, Finkelstein received a MacArthur "Genius" Grant.


Personal life

Finkelstein is Jewish. She was born in New York City in 1973 to biologist parents, who both earned doctorates at The
Rockefeller University The Rockefeller University is a Private university, private Medical research, biomedical Research university, research and graduate-only university in New York City, New York. It focuses primarily on the biological and medical sciences and pro ...
. In 1940, her mother immigrated to the United States from Poland, where her maternal grandmother had received a doctorate in comparative literature at the University of Warsaw. Finkelstein is married to MIT economist Benjamin Olken.


Select publications

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References


External links


MIT Department of Economics: Amy Finkelstein

NBER: Amy Finkelstein

Abdul Latif Jameel Poverty Action Lab (J-PAL): Amy Finkelstein
{{DEFAULTSORT:Finkelstein, Amy 1973 births Alumni of the University of Oxford 21st-century American economists 20th-century American Jews American women economists American health economists Fellows of the American Academy of Arts and Sciences Harvard College alumni Living people MacArthur Fellows Marshall Scholars MIT School of Humanities, Arts, and Social Sciences alumni MIT School of Humanities, Arts, and Social Sciences faculty Fellows of the Econometric Society Members of the National Academy of Medicine 21st-century American Jews 20th-century American women 21st-century American women Recipients of the Presidential Early Career Award for Scientists and Engineers