Publications

April 2009
Article

Sovereign Wealth in Abu Dhabi

By: Rawi Abdelal

By the turn of the century, oil had already made the tiny emirate of Abu Dhabi rich beyond anyone's wildest dreams. A sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA), has invested extra oil revenues abroad for more than thirty years and amassed a... View Details

Keywords: Development Economics; Financial Management; Investment Funds; Sovereign Finance; Wealth; Diversification; Abu Dhabi

January–February 2018
Article

Inclusive Growth: Profitable Strategies for Tackling Poverty and Inequality

By: Robert S. Kaplan, George Serafeim and Eduardo Tugendhat

More than a billion people in the developing world remain in extreme poverty and outside the formal economy. Traditional CSR programs have done little to alleviate the situation and rarely produce transformative change.
Instead of trying to fix local problems,... View Details

Keywords: Inclusive Growth; Sustainability; Social Impact; Business Strategy; Shared Value; Impact Investing; Inequality; Corporate Governance; Balanced Scorecard; Strategy Execution; Economic Growth; Developing Countries and Economies; Poverty; Equality and Inequality; Corporate Social Responsibility and Impact; Strategy; Investment

Register to Read

22 Oct 2009
Conference Presentation

Charitable Giving and Subjective Wealth

By: Zoe Chance and Michael I. Norton

20 Aug 2012
News

How Americans view wealth and inequality

May 2018
Article

The Amount and Source of Millionaires' Wealth (Moderately) Predicts Their Happiness

By: Grant Edward Donnelly, Tianyi Zheng, Emily Haisley and Michael I. Norton

Two samples of more than 4,000 millionaires reveal two primary findings. First, only at high levels of wealth—in excess of $8 million (Study 1) and $10 million (Study 2)—are wealthier millionaires happier than millionaires with lower levels of wealth, though these... View Details

Keywords: Income; Well-being; Happiness; Wealth; Money; Attitudes; Situation or Environment

17 Oct 2014
News

A passion for alleviating poverty and inequality

Patricio (“Pato”) Bichara (MBA 2015) is passionate about the need to alleviate poverty and inequality in his native Mexico and the role he expects to play in this challenge.... View Details

December 2018 (Revised July 2023)
Case

Instituto Dara: Breaking the Cycle of Poverty and Illness at Scale

By: Julie Battilana, Marissa Kimsey, Priscilla Zogbi and Johanna Mair

Dr. Vera Cordeiro founded the NGO Instituto Dara in 1991 to help poor families break the cycle of poverty and illness in Brazil. She and her team of employees and volunteers developed a holistic methodology to address the multidimensional sources of poverty based on... View Details

Keywords: Social Innovation; NGO; Scaling; Health; Social Enterprise; Social Entrepreneurship; Non-Governmental Organizations; Health Care and Treatment; Poverty; Health Industry; South America; Brazil

Educators

November 2010
Article

Wealth and Jobs: The Broken Link

By: Nitin Nohria

This article discusses the weakening connections between business growth and job creation. The industrial economy of the 20th century ensured that growing firms would need to add workers, but the increasingly globalized and information-based economy of the early 21st... View Details

Keywords: Business Ventures; Economic Growth; Jobs and Positions; Employment; Growth and Development Strategy; Business and Government Relations; Welfare; Value Creation

2013
Working Paper

Entrepreneurs, Firms and Global Wealth since 1850

By: G. Jones

This working paper integrates the role of entrepreneurship and firms into debates on why Asia, Latin America and Africa were slow to catch up with the West following the Industrial Revolution and the advent of modern economic growth. It argues that the currently... View Details

SSRN

27 Oct 2003
News

Pitting Markets vs. Poverty

22 Jan 2022
News

Can Wealth Disparity Be Fixed?

20 Jun 2016
News

Having an Impact on Development and Poverty Issues

limited ability to scale up and have broad-based impact. Vikram Gandhi (MBA 1989) is working to change that by creating investments that can be self-sustaining. “India has 400 million people within the View Details

Keywords: Constantine von Hoffman

March 2011 (Revised February 2018)
Supplement

Wealth Management Crisis at UBS (B)

By: George Serafeim

The case describes the resolution of the U.S. Department of Justice (DOJ) investigation for tax fraud and the increasing pressure on the wealth management business. View Details

25 Aug 2016
News

Having an Impact on Development and Poverty Issues

Vikram Gandhi (MBA 1989) started Asha Impact to bring together successful business leaders and entrepreneurs to help India’s poor with affordable housing, financial inclusion, and access to energy. “India... View Details

January 2024 (Revised April 2024)
Case

NBIM and the Norwegian Sovereign Wealth Fund

By: Wenxin Du and Luis M. Viceira

Educators

December 8, 2010
Blog Post

Golden Parachutes and the Wealth of Shareholders

By: Lucian A. Bebchuk, Alma Cohen and Charles CY Wang

2023
Working Paper

The Effects of Cryptocurrency Wealth on Household Consumption and Investment

By: Darren Aiello, Scott R. Baker, Tetyana Balyuk, Marco Di Maggio, Mark J. Johnson and Jason Kotter

This paper uses transaction-level data across millions of accounts to identify cryptocurrency investors and evaluate how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate markets. We estimate an MPC out of... View Details

Keywords: Cryptocurrency; Marginal Propensity To Consume; Household Balance Sheet; Real Estate; Etherium; Bitcoin; Investment; Housing; Spending

SSRN