Brigitte C. Madrian

Aetna Professor of Public Policy and Corporate Management
Mossavar-Rahmani Center for Business and Government
Office Address
Taubman-348
Mailing Address
John F. Kennedy School of Government
Mailbox 114
79 JFK Street
Cambridge, MA 02138
Contact
Phone: 617-495-8917
Fax: 617-496-1722
Email: Brigitte_Madrian@harvard.edu
Assistant
Kathleen Schnaidt (617-495-9913)
Brigitte Madrian

Profile

Brigitte Madrian is the Aetna Professor of Public Policy and Corporate Management at the Harvard Kennedy School.  Before coming to Harvard in 2006, she was on the Faculty at the University of Pennsylvania Wharton School (2003-2006), the University of Chicago Graduate School of Business (1995-2003) and the Harvard University Economics Department (1993-1995).  She is also a research associate and co-director of the Household Finance working group at the National Bureau of Economic Research.

Dr. Madrian’s current research focuses on behavioral economics and household finance, with a particular focus on household saving and investment behavior.  Her work in this area has impacted the design of employer-sponsored savings plans in the U.S. and has influenced pension reform legislation both in the U.S. and abroad. She is also engaged in research on health, using the lens of behavioral economics to understand health behaviors and improve health outcomes; in the past she has also examined the impact of health insurance on the job choice and retirement decisions of employees and the hiring decisions of firms.

Dr. Madrian received her Ph.D. in economics from the Massachusetts Institute of Technology and studied economics as an undergraduate at Brigham Young University.  She is the recipient of the National Academy of Social Insurance Dissertation Prize (first place, 1994) and a two-time recipient of the TIAA-CREF Paul A. Samuelson Award for Scholarly Research on Lifelong Financial Security (2002 and 2011).

Courses

Fall

  • API-304 Behavioral Economics and Public Policy

Research

For a complete list of faculty citations from 2001 - present, please visit the HKS Faculty Research Connection.

Selected Publication Citations:

  • Academic Journal/Scholarly Articles
    • Madrian, Brigitte. "Applying Insights from Behavioral Economics to Policy Design." Annual Review of Economics 6 (August 2014): 663-688.
    • Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Simplification and Saving." Journal of Economic Behavior & Organization 95 (November 2013): 130-145.
    • Choi, James J., David Laibson, and Brigitte Madrian. "$100 Bills on the Sidewalk: Violations of No-Arbitrage in 401(k) Accounts." The Review of Economics and Statistics 93.3 (August 2011): 748-763.
    • Choi, James J., David Laibson, and Brigitte C. Madrian. "Why Does the Law of One Price Fail? An Experiment on Index Mutual Funds." Review of Financial Studies 23.4 (2010): 1405-1432.
    • Choi, James J., David Laibson, and Brigitte C. Madrian. "Mental Accounting in Portfolio Choice: Evidence from a Flypaper Effect." American Economic Review 99.5 (December 2009): 2085-2095.
    • Choi, James J., David Laibson, Brigitte Madrian, and Andrew Metrick. "Reinforcement Learning and Savings Behavior." Journal of Finance 64.6 (November 25, 2009): 2515-2534.
    • Carroll, Gabriel D., James J. Choi, David Laibson, Brigitte C. Madrian, and Andrew Metrick. "Optimal Defaults and Active Decisions." Quarterly Journal of Economics 124.4 (November 2009): 1639-1674.
  • Book Chapters
    • Choi, James J., David Laibson, Brigitte Madrian, and Andrew Metrick. "Saving for Retirement on the Path of Least Resistance." Behavioral Public Finance. Ed. Edward J. McCaffery and Joel Slemrod. Russell Sage Foundation, 2006, 304-351.

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