
Parag Pathak
Co-Founder, Board Member, Avela Education
Carlton Professor of Microeconomics at MIT
Founder, Co-Director, NBER Working Group on Market Design
Founder, MIT School Effectiveness and Inequality Initiative
John Bates Clark Medalist
Parag A. Pathak is the Co-Founder of Avela Education, the Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics at MIT, founding co-director of the NBER Working Group on Market Design, and founder of MIT’s School Effectiveness and Inequality Initiative (SEII), a laboratory focused on education, human capital, and the income distribution.
In 2005, based on work in his PhD thesis, Boston’s school committee adopted a new mechanism for student placement, citing the desire to make it easier for participants to navigate and to level the playing field for the city’s families. He has also helped to design the Chicago, Denver, Newark, New Orleans, New York, and Washington DC school choice systems.
His work on market design and education was recognized with a Presidential Early Career Award for Scientists and Engineers and an Alfred P. Sloan Fellowship. In 2012, he was selected to give the Shapley Lecture at GAMES2012 as a distinguished game theorist under age 40. In 2013, he was appointed as Mayor Thomas Menino’s chief technical advisor for Boston’s student assignment plan. Under his direction, SEII provided a formal analysis of different alternatives, which eventually led to the most significant change in Boston’s school choice system since the end of court-ordered busing.
The IMF listed him as one of 25 top economists under age 45 in 2014. He was awarded the 2016 Social Choice and Welfare as the top young scholar in social choice and welfare economics together with Fuhito Kojima and elected a Fellow of the Econometric Society. In addition to generating academic publications that study, develop, and test different student assignment systems, Pathak’s research work has directly affected the lives of over one million public school students. In 2018, the American Economic Association awarded him the John Bates Clark Medal as the best American economist under age 40.
Pathak also studies K-12 education and urban economics. He has authored leading studies on charter schools, high school reform, selective education, vouchers, and school choice. In urban economics, he has measured the effects of foreclosures on house prices and how the housing market reacted to the end of rent control in Cambridge MA.
Pathak’s research has been supported by research grants from the National Science Foundation, the WT Grant Foundation, the Laura and John Arnold Foundation, the Boston Foundation, and the Lincoln Institute for Land Policy. He has served as an Associate Editor at the American Economic Review, Journal of Political Economy, and Econometrica.
MIT Professor
Parag is the Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics at MIT, founding co-director of the NBER Working Group on Market Design, and founder of MIT’s School Effectiveness and Inequality Initiative (SEII), a laboratory focused on education, human capital, and the income distribution.
Founder, MIT SEII
Parag founded and co-directs the MIT School Effectiveness and Inequality Initiative (SEII), a laboratory focused on education, human capital, and the income distribution. SEII partners with school districts to conduct policy-relevant research relevant to equity and equality.
Clark Medalist
Parag won the distinguished John Bates Clark Medal, awarded to the leading economist under 40. According to the American Economic Association, “Pathak is clearly the researcher under age forty who has contributed most both to the general field of market design, and, in addition, to what has been its most important application in the last decade or so, that of education policy.”