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| Name |
Deaton, Angus S. |
| Location
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Princeton University |
| Primary Field
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Economic Sciences |
| Secondary Field
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Social and Political Sciences |
 Election Citation
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Deaton is a leading empirical economist who has made important contributions to the measurement of poverty, economic well-being, and health and to the study of economic development. He has also made major contributions to the economics and econometrics of consumer demand, life cycle consumption and saving, and inequality. |
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Research Interests
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Throughout his career, Angus Deaton's research has focused on understanding how people behave and on how to measure their wellbeing, understood to encompass material wellbeing, health, and happiness. His early work was concerned with consumer behavior, with how households allocate their spending across different goods and services, and how they respond to changes in prices and incomes. Such models are necessary for designing policies that make people better off, especially policies on taxation, planning, or antitrust. He has also tried to understand how people make decisions about saving, for example for retirement; saving is a key, not only for individual wellbeing, but also for macroeconomics. In his work on spending and on saving, a key focus has been aggregation, on how individual behavior adds up to the economy as a whole. In recent years, Deaton's analysis of wellbeing has expanded beyond material wellbeing, to health status, and to self-reports of happiness and life evaluation. He has worked on the measurement of poverty, both globally and nationally, and on the measurement of the multilateral international price indexes that are used to compare the cost of living between different countries. He has wrestled with national accounts statistics and household survey data in a sometimes-fruitless attempt at reconciliation, and to provide credible measures of growth, poverty, and inequality. |
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