Raj Chetty's pioneering work was cited by US President Barack Obama in his last State of the Union Address has won the prestigious John Bates Clark medal, often called the 'Baby Nobel'.
Born in Delhi, Raj Chetty is a professor in the Department of Economy at the Harvard University since 2009.
"Raj Chetty is an influential young economist working on tax policy, social insurance, and education policy," the American Economic Association Honors and Awards Committee said. The awards committee said Chetty is a remarkably productive economist whose contributions assimilate evidence using a variety of methodological perspectives to shed new light on important public policy questions
The John Bates Clark medal is a prestigious medal awarded to an economics under 40 who has made a "significant contribution to economic thought and knowledge".
OneIndia News (With inputs from agencies)