Washington Center Grant
Atif Mian, director of The Julis-Rabinowitz Center for Public Policy and Finance and the Theodore A. Wells '29 Professor of Economics and Public Affairs at the Woodrow Wilson School, was selected by the Washington Center for Equitable Growth as a 2015 grantee.
His research project, “Impact of the Great Rise in Finance on Resource Allocation and Employment”—which he is conducting with co-author Amir Sufi, of the University of Chicago Booth School of Business—has received $60,000 in support for the 2015-16 academic year.
Building on the research published in their acclaimed 2014 book, House of Debt (released in paperback this May), Mian and Sufi are combining household balance sheets at the county-level with industry-specific employment to achieve important new insights.
“This grant will help us build a novel historical data set that benefits not just our work, but that of economists everywhere,” says Mian. “One of our center’s senior research specialists, Hongbum Lee, is working with us on this project and helping to put the data together.”