The Weiss Fund for Research in Development Economics supports innovative research projects that aim to improve the lives of people living in developing countries. The Fund also aims to attract talented researchers to the field of development economics and support them in producing creative, rigorous evidence to address complex challenges affecting less-developed countries. The Weiss Fund strives to create links to policy and implementation for the most relevant and promising research.
Since its launch in 2012, the Weiss Fund has supported over 200 projects led by 180 scholars at leading institutions. In 2019, the Fund began a global expansion with the donations of additional funds when Nobel laureates Abhijit Banerjee, Esther Duflo, and Michael Kremer committed the entirety of their $1 million prize money to the Weiss Fund. At that time, CRI also drastically increased its commitment, pledging $50 million to the Fund through 2035. To further broaden its impact, Weiss Fund now offers funding opportunities to an expanded pool of eligible scholars at academic institutions around the world, including affiliates of the affiliates of the National Bureau of Economic Research, the Center for Economic Policy Research, and the Bureau for Research and Economic Analysis of Development.
Weiss Fund Impact Stories
“The results of my research have informed the broader policy debate. I presented at policy research conferences in Bangladesh and in Myanmar reaching members from the private sector, government and NGOs and discussed my findings in depth with economists at the UK’s Department for International Development and garments-related program managers in Bangladesh. As I develop this agenda, my research will continue to explore multinational buyers’ role in providing firms with incentives to adopt better labor standards, which was the primary focus of my initial Weiss-funded project.”
Laura Boudreau, Assistant Professor of Economics, Columbia Business School
Weiss Fund Grantee and author of Multinational Enforcement of Labor Law: Experimental Evidence from Bangladesh’s Apparel Sector
“Without the Weiss Fund’s willingness to support graduate student work, we would not have been able to complete this project. And this project has led to a lot of follow-on work that has been one of the cornerstones of our professional development.”
Natalia Rigol, Assistant Professor, Harvard Business School
Weiss Fund Grantee and author of The Cream of the Crop: Targeting High Ability Entrepreneurs using Social Network Information
UChicago to Administer $50 Million Grant for Weiss Fund Supporting Research in Development Economics
CRI Foundation, Inc. commitment to fund innovative projects in developing countries around the world.
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2019 Economics Laureates to Donate Nobel Prize Money to Invest in the Next Generation of Development Economists
Nobel Laureates Abhijit Banerjee and Esther Duflo of MIT, and Michael Kremer of Harvard University, 2019 winners of the Sveriges Riksbank Nobel Prize in Economic Sciences, announced that they will each donate their Nobel prize money to the Weiss Fund for Research in Development Economics.
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