My lectures will be divided into five 2-hour sessions. For links to slides used in the lectures and some readings, see below, or in the menu bar.
Lecture location and dates:All lectures will take place in Social Sciences S0.08.
May 15 (Monday), 10.00-12.00
May 16 (Tuesday), 10.00-12.00
May 17 (Wednesday), 10.00-12.00
May 18 (Thursday), 10.00-12.00
May 19 (Friday), 10.00-12.00
Office Hours: You are free to email me any time and set up an appointment to meet in person or on Zoom, etc. I will be more than happy to talk about the course, or your research, or life in general...
Lecture 1. Introduction [Slides 1], [Supplement 1 Slides 1] [Supplement 2 Slides 1] [Supplement 3 Slides 1]
Main:
D. Ray (2010), "Uneven Growth: A Framework for Research in Development Economics," Journal of Economic Perspectives 24, No. 3 (Summer 2010), 45--60.
D. Ray (2014), "Nit-Piketty," blog post, published in CESifo Forum 16 (1), 2015, 19-25.
Additional:
T. Piketty (2013), Capital in the Twenty-First Century, Cambridge, MA: Harvard University Press.
D. Ray, Development Economics, Princeton University Press, Chapter 2, Chapter 3, Chapter 4 (new versions)
Lecture 2. Personal Inequality: Occupational Choice [Slides 2] [Supplement 1 Slides 2]
Main:
G. Loury (1981), "Intergenerational Transfers and the Distribution of Earnings,'' Econometrica 49, 843-867.
D. Mookherjee and D. Ray (2003), "Persistent Inequality," Review of Economic Studies 70, 369--393.
D. Mookherjee and D. Ray (2010), "Inequality and Markets," AEJ Microeconomics 2, 38-76.
Additional:
A. Banerjee and A. Newman (1993), "Occupational Choice and the Process of Development,'' Journal of Political Economy 101, 274-298.
O. Galor and J. Zeira (1993), "Income Distribution and Macroeconomics,'' Review of Economic Studies 60, 35-52.
Lecture 3. Functional Inequality: The Falling Labor Share [Slides 3] [Supplement 1 Slides 3]
Main:
D. Mookherjee and D. Ray (2021), "Growth, Automation and the Long-Run Share of Labor." Review of Economic Dynamics https://doi.org/10.1016/j.red.2021.09.003, September 2021.
Additional:
D. Acemoglu and P. Restrepo (2018), "The Race Between Man and Machine," American Economic Review 2018, 108(6), 1488–1542
P. Ghosh and D. Ray (2021), " A Sovereign Fund for India," in Kaushik Basu, Maitreesh Ghatak, Kenneth Kletzer, Sudipto Mundle and Eric Verhoogen (eds), Development, Distribution, and Markets: Essays in Honour of Pranab Bardhan, Oxford University Press.
Lecture 4. Upward Mobility [Slides 4]
Main:
G. Genicot and D.Ray (2023), Measuring Upward Mobility.
Lecture 5. Inequality and Conflict [Summary Slides] [Slides 5] [Slides 6]
Main:
J. Esteban and D. Ray (2011), "Linking Conflict to Inequality and Polarization," American Economic Review 101(4), 1345–74.
Esteban, J., Mayoral, L. and D. Ray (2012), "Ethnicity and Conflict: An Empirical Study," American Economic Review 102, 1310-1342.
Additional:
D. Ray and J. Esteban (2017), Conflict and Development, Annual Reviews of Economics 9, 263-293.
Montalvo, J. and M. Reynal-Querol (2005), "Ethnic Polarization, Potential Conflict and Civil Wars," American Economic Review 95, 796--815.
Esteban, J., Mayoral, L. and D. Ray (2012), "Ethnicity and Conflict: Theory and Facts," Science 336, 858 - 865.
Genicot, G. and D. Ray (2020), Aspirations and Economic Behavior, Annual Review of Economics 12, 715-746.
Mitra, A. and D. Ray (2014), Implications of an Economic Theory of Conflict: Hindu-Muslim Violence in India, Journal of Political Economy 123, 719-765.
Mitra, A. and D. Ray (2019), Hindu-Muslim Violence in India: A Postscript From the 23st Century, in Advances in the Economics of Religion, (J-P Carvalho, S. Iyer and J. Rubin, eds.) Volume 158, International Economic Association Series.