2019 Economics Nobel laureates to donate prize money to fund research

Duflo, who is married to Banerjee, and Kremer will also donate their Nobel prize money

Abhijit Banerjee, Esther Duflo and Michael Kremer, winners of this year’s Nobel prize in economics will donate their prize money to the Weiss Fund, administered by Harvard University, for research in development economics.

Banerjee, who jointly won the 2019 Nobel Prize for Economics with Esther Duflo and Michael Kremer said, "We truly believe that this Nobel award is an award for the development economics community." 

“We are so pleased to apply our funds in this way and open up the opportunity for development economists all around the world,” a US-based newspaper quoted him saying.

The donations will total approximately Rs