That’s what Stefanie Stantcheva, a skilled economist It has been named Clark medalist of 2025 for his great contribution to the field of public economics.
Stuntsheva is a professor of politics and economics. Harvard Universityand an nber Researcher.
Stantcheva was awarded the John Bates Clark medal for his work on how tax policy affects innovation, revealing that tax policy has a major impact on innovators’ behaviour. Her research, such as “Tax and Innovation in the 20th Century,” was conducted with co-authors, revealing that innovation is more resilient in response to changes in tax policy. Another important contribution is that it proposes income-dependent education loans as a means of encouraging human capital investment, as demonstrated in “Optimal Taxation and Life Cycle Human Capital Policy.”
She used a variety of tools to investigate the interaction between government taxation and private behavior. These include optimal tax policies for dynamic scenarios, empirical studies on the impact of taxes and subsidies on innovator decisions, and mechanism design to analyse research and experiments to investigate public perceptions of redistribution and tax policy.
Additionally, Stantcheva pioneers the use of research and experiments to assess public understanding and preferences on a variety of policy issues, including tax policy, redistribution, and climate change. Through her innovative methodology, she has shed light on factors that influence redistribution support and views on tax policy.
Stantcheva’s comprehensive work provides valuable insights to inform policy discussions regarding tax design and provides a fresh perspective on traditional financial questions. Her groundbreaking research not only promoted an understanding of optimal tax policy, but also helped to develop an understanding of how individuals perceive key policy issues.
John Bates Clark Medal It is awarded annually by the American Economic Association to economists under the age of 40 and employed in US institutions, and is judged to have made the most important contribution to economic thought and knowledge. Stantcheva joins a prestigious group of previous winners, including many Nobel Prize-winning economists such as Esther Duflo (Clark Medalist in 2010), David Card (1995), Paul Krugman (1991), Joseph Stiglitz (1979), and Milton Friedmann (1951).
Image credits: American Economic Association
