Banerjee was born in Kolkata, India, to Nirmala Banerjee, a professor of economics at the Centre for Studies in Social Sciences, Calcutta, and Dipak Banerjee, a professor and the head of the Department of Economics at Presidency College, Calcutta.
He attended South Point School and Presidency College, Calcutta, where he completed his B.S. degree in economics in 1981. Later, he completed his M.A. in economics at the Jawaharlal Nehru University, Delhi in 1983. Later, he went on to obtain a Ph.D. in economics at Harvard in 1988. The subject of his doctoral thesis was "Essays in Information Economics."
Banerjee is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology after he had taught at Harvard University and Princeton University.
His work focuses on development economics. Together with Esther Duflo, Michael Kremer, John A. List, and Sendhil Mullainathan, he has proposed field experiments as an important methodology to discover causal relationships in economics.
He was elected a fellow of the American Academy of Arts and Sciences in 2004. He also was honoured with the Infosys Prize 2009 in the social sciences category of economics. He is also the recipient of the inaugural Infosys Prize in the category of social sciences (economics).
In 2013, he was named by United Nations Secretary General Ban Ki-Moon to a panel of experts tasked with updating the Millennium Development Goals after 2015 (their expiration date).Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty (with Esther Duflo), PublicAffairs, New York, 2011. ISBN 978-1-61039-040-8
"Making Aid Work, The MIT Press, A Boston Review Book, 2007. ISBN 978-0-262-02615-4
The Miracle of Microfinance? Evidence From a Randomized Evaluation
June 2010 Abhijit Banerjee, Esther Duflo, Rachel Glennerster, and Cynthia KinnanTargeting the Poor: Evidence from a Field Experiment in Indonesia
May 2010 Abhijit Banerjee, Vivi Alatas, Rema Hanna, Benjamin Olken, and Julia TobiasThe Shape of Temptation: Implications for the Economic Lives of the Poor
April 2010 Abhijit Banerjee and Sendhil MullainathanGiving Credit Where it is Due
March 2010 Abhijit Banerjee and Esther DufloImproving Health Care Delivery in India
November 2009 Abhijit Banerjee and Esther DufloMarry for What? Caste and Selection in Modern India
2009 Abhijit Banerjee, Esther Duflo, Maitreesh Ghatak, and Jeanne LafortuneThe Miracle of Microfinance? Evidence from a Randomized Evaluation
Abhijit Banerjee, Esther Duflo, Rachel Glennerster, and Cynthia Kinnan May 2009Parochial Politics: Ethnic Preferences and Politician Corruption
Abhijit Banerjee and Rohini Pande 2009Corruption
Abhijit Banerjee, Rema Hanna, and Sendhil Mullainathan February 2009Why Does Missallocation Persist?
Abhijit Banerjee and Benjamin Moll February 2009A Capitalist Knows Who To Call
A. Banerjee 2008, M. Kinsley, Creative Capitalism: A Conversation with Bill Gates and Warren Buffett and Other Economic Leaders, pp. 161–165.Why fighting poverty is hard
September 2008 Abhijit BanerjeeBig Answers for Big Questions: The Presumption of Growth Policy
Abhijit Banerjee September 2008The Experimental Approach to Development Economics
Abhijit Banerjee and Esther Duflo September 2008Pitfalls of Participatory Programs:Evidence from a Randomized Evaluation in Education in India
Abhijit Banerjee, Rukmini Banerji, Esther Duflo, Rachel Glennerster, Stuti Khemani August 2008Mandated Empowerment: Handing Antipoverty Policy Back to the Poor?
Abhijit Banerjee and Esther Duflo June 2008Why Has Unemployment Risen in the New South Africa
Abhijit Banerjee, Sebastian Galiani, Jim Levinsohn, Zoe McLaren, and Ingrid Woolard June 2008Making Aid Work
Abhijit Banerjee and Ruimin He May 2008Do Firms Want to Borrow More? Testing Creit Constraints Using a Directed Lending Program
Abhijit Banerjee and Esther Duflo May 2008Improving Immunization Coverage in Rural India: A Clustered Randomized Controlled Evaluation of Immunization Campaigns with and without Incentives
May 2010 Abhijit Banerjee, Esther Duflo, Rachel Glennerster, and Dhruva KothariLimited Attention and Income Distribution
Abhijit Banerjee and Sendhil Mullainthan January 2008Aging and Death under a Dollar a Day
Abhijit Banerjee and Esther Duflo December 2007What is Middle Class about the Middle Classes Around the World?
Abhijit Banerjee and Esther Duflo December 2007Public Action for Public Goods
A. Banerjee, L. Iyer, and R. Somanathan September 2006, Handbook of Development Economics, Vo. 4The Economic Lives of the Poor
A. Banerjee and E. Duflo April 2006, Journal of Economic Perspectives, Vo. 21(1), pp. 141–167Updated Table (17 March 2008) for Economic Lives of the Poor and What is Middle Class about the Middle Classes Around the World?
with Esther DufloComment on Buiter-Patel
April 2006, India Policy Forum, Vo. 2The Paradox of Indian Growth: A comment on Kochar, et al.
A. Banerjee July 2006, Journal of Monetary Economics, Vo. 53(5), pp. 1021–1026The Political Economy of Public Goods: Some Evidence from India
A. Banerjee and R. Somanathan April 2006Growth Theory through the Lens of Development Economics
A. Banerjee and E. Duflo December 2005, Published: Handbook of Development Economics, Vol. 1a. Amsterdam: Elsevier, pp. 473–552Remedying Education Evidence from Two Randomized Experiments in India
A. Banerjee, S. Cole, E. Duflo, and L. Linden December 2005, NBER Working paper 11904 Addressing Absence A. Banerjee and E. Duflo May 2005, Published: Journal of Economic Perspectives, Vo. 20 (1), pp. 117–132Bank Financing in India
A. Banerjee, S. Cole, and E. Duflo 2005, India's and China's Recent Experience with Reform and Growth, Wanda Tseng, and David Cowen, eds.Bank Financing in India
A. Banerjee, S. Cole and E. Duflo 2005, India's and China's Recent Experience with Reform and Growth, Wanda Tseng, and David Cowen, eds.Inequality and Investment
A. Banerjee December 2004Notes Toward a Theory of Industrialization in the Developing World
A. Banerjee October 2004, Marjit, S. and N. Banerjee (Eds.) Development, Displacement and Disparity: India in the Last Quarter of the Century, pp. 139–159History, Social Divisions and Public Goods in Rural India
A. Banerjee, L. Iyer, and R. Somanathan 2004History, Institutions and Economic Performance: The Legacy of Colonial Land Tenure Systems in India
A. Banerjee and L. Iyer October 2004What do banks (not) do
A. Banerjee and E. Duflo September 2004Do Firms Want to Borrow More? Testing Credit Constraints Using a Directed Lending Program
A. Banerjee and E. Duflo August 2004Banking Reform in India
A. Banerjee, S. Cole, and E. Duflo June 2004Bank Financing in India
A. Banerjee, S. Cole, and E. Duflo October 2003Top Indian Incomes, 1956–2000
A. Banerjee and T. Piketty June 2003Strategy For Economics Reform in West Bengal
A. Banerjee, P. Bardhan, K. Basu, M. Ghatak, et al. October 2002, Economic and Political Weekly of India, 12 October 2002The Uses of Economic Theory: Against a Purely Positive Interpretation of Theoretical Results
A. Banerjee May 2002 A Corporate Balance-Sheet Approach to Currency Crises P. Aghion, P. Bacchetta, and A. Banerjee November 2001Caste, Community and Collective Action: The Political Economy of Public Good Provision in India
A. Banerjee and R. Somanathan September 2001Herd Behavior and the Reward for Originality
A. Banerjee Unpublished Mimeo, May 1989On Frequent Flyer Programs and other Loyalty-Inducing Economic Arrangements
A. Banerjee and L. Summers Harvard University Discussion Paper, 1337, September 1987