Awarded the 7th BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management, economist Richard Blundell discusses in this interview how his research has transformed our understanding of labor economics and the real effects of fiscal and social policies. Blundell explains how the empirical study of household behavior allows for a precise assessment of the impact of taxes, subsidies, and employment support measures, providing key evidence for designing fairer and more effective policies. He also reflects on current challenges related to inequality, social mobility, and the role of education, emphasizing the importance of combining economic theory, rigorous data, and well-targeted policies to improve the well-being of the population.
The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category goes in this seventh edition t
Awarded the 7th BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management, economist Richard Blundell discusses in this interview how his research has transformed our understanding of labor economics and the real effects of fiscal and social policies. Blundell explains how the empirical study of household behavior allows for a precise assessment of the impact of taxes, subsidies, and employment support measures, providing key evidence for designing fairer and more effective policies. He also reflects on current challenges related to inequality, social mobility, and the role of education, emphasizing the importance of combining economic theory, rigorous data, and well-targeted policies to improve the well-being of the population.
The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category goes in this seventh edition to Richard Blundell and David Card for their contributions to empirical microeconomics. They developed and estimated appropriate econometric models, making significant methodological contributions in the process.
00:00 Introduction
00:05 The jury highlights your contribution to empirical microeconomics. How do you believe your field of research contributes to economic research as a whole?
01:20 How do you choose the topics for your research, and why are you particularly interested in socially relevant problems?
02:23 Your contribution is both methodological and applied. What are the key characteristics of a well-designed microeconomic behavioral model?
03:32 How has your area of research been influenced by the development of new technologies and access to large datasets?
05:22 To what extent do you believe your research can influence public policy, and to what extent do you think it already has?
