Xavier received the award for his contributions to the field of Innovation and Inequality: ‘Jaravel’s findings include evidence that product innovations do not benefit all households equally, but rather disproportionately benefit high income households. In another contribution Jaravel shows that policies that increase exposure to innovation may have greater potential to spur innovation than traditional policies such as reducing tax rates.’ Source: Kiel Institute
Two other economists also received the award: Joseph Shapiro (University of California at Berkeley) and Alexander Wolitzky (Massachusetts Institute of Technology). Each of the winners will be awarded a Research Fellowship at the Kiel Institute. As Research Fellows, they’ll receive content-related and organizational support from a number of prominent researchers as well as the opportunity to participate in research projects at the Kiel Institute.
Xavier Jaravel is Assistant Professor of Economics at the LSE Department of Economics.