Paola Sapienza
Paola Sapienza is an economist and the Professor Donald C. Clark/HSBC Chair in Consumer Finance at the Kellogg School of Management at Northwestern University.
She is a research associate at the NBER[1] and CEPR.[2] Her fields of interest include financial economics and political economy.
Education and career
She obtained her MA and PhD from Harvard University after a Bachelor in Economics from Bocconi University. In 1998, she joined the Kellogg School of Management at Northwestern University as an Assistant Professor of Finance. She got promoted to associate professor in 2006 and to full professor in 2009.[3]
Research
Her main research focuses on the impact of cultural norms on economic decisions and outcomes. In early 2000, together with Luigi Guiso and Luigi Zingales she was among the first economists exploring cultural economics in her work on social capital and financial development[4] and in her work on religion and economic attitudes.[5] In her most influential work, she examines the interactions between trust, social capital, and civic capital. She applied these concepts to financial development, financial institutions, behavioral economics and political economy. Her research is influential in finance where, with Luigi Guiso and Luigi Zingales, she draws the connection between trust and finance.[6] Her paper "Trusting the Stock Market"[7] has been awarded the Distinguished Paper Smith Breeden Prize at the American Financial Association’s annual meeting in January 2010.[8] Her work have been cited more than 24000 times.[9] She has published papers in the American Economic Review,[10] the Quarterly Journal of Economics[11] and the Journal of Finance.[12]
Her most cited paper,[13] with Luigi Guiso and Luigi Zingales, explores the role of culture in economics opening new perspectives for cultural economics[14]. In her paper "Culture, Math, and Gender"[15] she shows that girls' academic achievements are linked to societal cultural norms, debunking the genetic explanation for different math scores between boys and girls.[16] In subsequent research, she has shown that stereotypes about women abilities may affect hiring and promotion of women in STEM related fields[17]. In the field of the political economy of finance, her paper on the role of government ownership in financial institutions suggests that state-owned banks serve as a mechanism to supply political patronage.[18]
Her research has been quoted in the Financial Times,[19] Washington Post,[20] Quartz,[21] NPR,[22] Forbes,[23] The Economist,[24][25][26] Science magazine,[27] El Pais,[28] The Telegraph,[29] The New York Times,[30] Bloomberg,[31] The Wall Street Journal.[32]
Awards and recognition
She was an Associate Editor at the Journal of Finance from 2012 to 2015, an Associate Editor at Management of Science from 2009 to 2013 and an Associate Editor at the Journal of Economic Perspectives from 2005 to 2008.[33] She was elected on the board of directors of the American Finance Association from 2012 to 2014.[34] She is the 371 most quoted economist in the world[35] and the 21st most influential woman in economics.[36] She was included in the Thompson Reuters List of Most Influential Minds in 2014,[37] 2015[38] and Clarivate list of Highly Cited Researchers in 2016, and 2018.[39]
References
- "Paola Sapienza". www.nber.org. Retrieved 2020-03-29.
- "Researcher Contact Details". cepr.org. Retrieved 2020-03-29.
- "Paola Sapienza - Faculty - Kellogg School of Management". www.kellogg.northwestern.edu. Retrieved 2020-03-29.
- Guiso, Luigi; Sapienza, Paola; Zingales, Luigi (February 2000). "The Role of Social Capital in Financial Development". Cite journal requires
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(help) - Guiso, Luigi; Sapienza, Paola; Zingales, Luigi (September 2002). "People's Opium? Religion and Economic Attitudes". NBER Working Paper No. 9237.
- "NBER Reporter 2011 Number 2: Research Summary". www.nber.org. Retrieved 2020-06-11.
- Guiso, Luigi; Sapienza, Paola; Zingales, Luigi (2008). "Trusting the Stock Market". The Journal of Finance. 63 (6): 2557–2600. doi:10.1111/j.1540-6261.2008.01408.x. ISSN 1540-6261.
- "Prizes - American Finance Association". membership.afajof.org. Retrieved 2020-06-11.
- "Paola Sapienza - Google Scholar Citations". scholar.google.com. Retrieved 2020-06-11.
- Guiso, Luigi; Sapienza, Paola; Zingales, Luigi (2004). "The Role of Social Capital in Financial Development". American Economic Review. 94 (3): 526–556. doi:10.1257/0002828041464498. ISSN 0002-8282.
- Guiso, Luigi; Sapienza, Paola; Zingales, Luigi (2009-08-01). "Cultural Biases in Economic Exchange?". The Quarterly Journal of Economics. 124 (3): 1095–1131. doi:10.1162/qjec.2009.124.3.1095. hdl:1814/7496. ISSN 0033-5533.
- Guiso, Luigi; Sapienza, Paola; Zingales, Luigi (2008). "Trusting the Stock Market". The Journal of Finance. 63 (6): 2557–2600. doi:10.1111/j.1540-6261.2008.01408.x. ISSN 1540-6261.
- "Paola Sapienza - Google Scholar Citations". scholar.google.com. Retrieved 2020-03-29.
- Guiso, Luigi; Sapienza, Paola; Zingales, Luigi (2006). "Does Culture Affect Economic Outcomes?". Journal of Economic Perspectives. 20 (2): 23–48. doi:10.1257/jep.20.2.23. ISSN 0895-3309.
- Guiso, Luigi; Monte, Ferdinando; Sapienza, Paola; Zingales, Luigi (2008-05-30). "Culture, Gender, and Math". Science. 320 (5880): 1164–1165. doi:10.1126/science.1154094. ISSN 0036-8075. PMID 18511674.
- "Vital statistics". The Economist. ISSN 0013-0613. Retrieved 2020-06-11.
- Reuben, Ernesto; Sapienza, Paola; Zingales, Luigi (2014-03-25). "How stereotypes impair women's careers in science". Proceedings of the National Academy of Sciences. 111 (12): 4403–4408. doi:10.1073/pnas.1314788111. ISSN 0027-8424. PMID 24616490.
- Sapienza, Paola (2004-05-01). "The effects of government ownership on bank lending". Journal of Financial Economics. 72 (2): 357–384. doi:10.1016/j.jfineco.2002.10.002. ISSN 0304-405X.
- Harford, Tim (March 13, 2020). "The pleasures and perils of precrastination". Financial Times. Retrieved 2020-03-29.
- Giuliano, Paola; Sapienza, Paola. "Perspective | Go ahead and eat that marshmallow. Patience can make you unhappy". Washington Post. Retrieved 2020-03-29.
- Pavlus, John. "Girls' math scores suffer when they grow up in families biased towards sons". Quartz at Work. Retrieved 2020-03-29.
- "Real Economists Study Fake Candidate". NPR.org. Retrieved 2020-03-29.
- Sun, Winnie. "You Need To Invest In Work Culture For Your Company To Thrive". Forbes. Retrieved 2020-03-29.
- "Mistrust in America could sink the economy". The Economist. ISSN 0013-0613. Retrieved 2020-03-29.
- "Room with a view". The Economist. ISSN 0013-0613. Retrieved 2020-03-29.
- "Vital statistics". The Economist. ISSN 0013-0613. Retrieved 2020-03-29.
- BohannonMar. 10, John; 2014; Pm, 4:30 (2014-03-10). "Both Genders Think Women Are Bad at Basic Math". Science | AAAS. Retrieved 2020-03-29.CS1 maint: numeric names: authors list (link)
- País, Ediciones El (2008-07-31). "Reportaje | Ellas también valen para ingenieras (pero huyen)". El País (in Spanish). ISSN 1134-6582. Retrieved 2020-03-29.
- Correspondent, Kate Devlin, Medical (2008-05-29). "Boys born better at maths than girls 'myth'". ISSN 0307-1235. Retrieved 2020-03-29.
- Shiller, Robert J. (2012-02-25). "What High-I.Q. Investors Do Differently". The New York Times. ISSN 0362-4331. Retrieved 2020-03-29.
- Smith, Noah (July 14, 2017). "So Many Critics of Economics Miss What It Gets Right". Bloomberg News. Retrieved 2020-03-29.
- Timiraos, James R. Hagerty and Nick (2009-12-18). "Debtor's Dilemma: Pay the Mortgage or Walk Away". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-03-29.
- "Paola Sapienza - Faculty - Kellogg School of Management". www.kellogg.northwestern.edu. Retrieved 2020-03-29.
- "Professor Uppal appointed as a director of the American Finance Association". www.edhec.edu. 2011-10-17. Retrieved 2020-03-29.
- "Economist Rankings, Number of Citations | IDEAS/RePEc". ideas.repec.org. Retrieved 2020-03-29.
- "Top Female Economists Rankings | IDEAS/RePEc". ideas.repec.org. Retrieved 2020-03-29.
- Thompson Reuters. "THE WORLD'S MOST INFLUENTIAL SCIENTIFIC MINDS 2014" (PDF). Retrieved June 11, 2020.
- Thompson Reuters. "Thompson Reuters Most Influential Minds 2015" (PDF). Retrieved June 11, 2020.
- "Northwestern Faculty Among World's Most Cited – Office for RESEARCH". www.research.northwestern.edu. Retrieved 2020-06-11.