Puneet Arora

Puneet Arora

Assistant Professor, Economics and Public Policy

Management Development Institute, Gurgaon

Biography

I am an Assistant Professor in the Economics and Public Policy area at the Management Development Institute Gurgaon. I am an economist with research interests in the area of behavioral and experimental economics, applied in the contexts of education, labor, and household finance. I conduct field, lab and online experiments to study human behavior.

I received my PhD in Economics degree in 2020 from Georgia State University, an MA degree in Economics degree in 2013 from Delhi School of Economics, and a BA Honors in Economics degree in 2009 from Hansraj College, University of Delhi. I am also an Invited Researcher at JPAL.

Interests
  • Behavioral & Experimental Economics
  • Education and Labor
  • Household Finance
  • Ethics and Morality
Education
  • PhD in Economics, 2020

    Georgia State University

  • MA in Economics, 2013

    Delhi School of Economics, University of Delhi

  • BA(H) in Economics, 2009

    Hans Raj College, University of Delhi

Experience

 
 
 
 
 
Assistant Professor
Apr 2023 – Present Gurugram
 
 
 
 
 
Postdoctoral Research Fellow
Sep 2022 – Mar 2023 Prague
 
 
 
 
 
Assistant Professor
Jul 2020 – Jun 2022 Ahmedabad
 
 
 
 
 
Assistant Professor
Jul 2015 – Jun 2016 Delhi

Selected Publications

(2025). I Promise to Work Hard - The Impact of Commitment Pledges on Student Performance. Education Finance and Policy (Forthcoming).

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(2025). Loan Selection, Attribute Substitution and Information Effect. In Review of Behavioral Finance.

DOI

(2024). Related Examinations and Tax Compliance. In Journal of Behavioral and Experimental Economics.

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(2024). Are Students Really Biased against Female Professors? - Experimental Evidence from India. In Journal of Development Economics.

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(2023). Systemic Financial Crises and Income Inequality in OECD Countries. In Open Economies Review.

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(2023). Can rank-based non-monetary rewards improve student attendance? Experimental Evidence from India. In Journal of Behavioral and Experimental Economics.

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(2022). Can social recognition for teachers and principals improve student performance? Evidence from India. In Applied Economics Letters.

DOI

(2022). A For Effort - Incomplete Information and College Students' Academic Performance. In Economics of Education Review.

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(2022). Grade reporting and student performance. In Education Economics.

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(2018). Government effectiveness in the provision of public goods - the role of institutional quality. In Journal of Applied Economics.

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Working Papers

Incentives to Work Out- Evidence from Field Experiments (with U. Narang)
With rapidly increasing healthcare costs, both governments and firms are paying more attention to cultivating healthy lifestyles among consumers to reduce medical and financial burdens. However, consumers often struggle to fulfill their commitments to health-related goals, such as consistently going to the gym. This research examines the effects of financial and non-financial incentives on consumers’ gym-going behaviors. We conduct randomized field experiments at the campus recreation center at one of the largest U.S. public universities. Specifically, we provide a set of financial and non-financial incentives to the members of the center and track their progress during and after the incentive period. Our results show that those offered a financial incentive (FI) or a combination of financial and non-financial incentives (non-FI) complete their target number of workouts by 80% more relative to those who are not offered any incentives. The effects of FIs show little persistence once the incentive period ends but appear more persistent when combined with non-FIs. The effects are heterogeneous across individuals based on weight loss goals and past membership status. Participants who are trying to lose weight respond better to combined incentives, while those who are not trying to lose weight respond well to the FIs alone. The incentives are also more effective for existing members rather than new members. Our research has implications for firms, health and fitness practitioners, policymakers, and researchers for designing effective incentive programs and improving overall consumer health and wellbeing.

Teaching

Management Development Institute (MDI) Gurgaon (April 2023-present)

  • Ethics in Public Service (Post Graduate course)
  • Business Ethics (Post Graduate course)
  • Managerial (Micro)Economics (Post Graduate course)
  • Behavioral Science in Decision-making (PhD course)

Amrut Mody School of Management, Ahmedabad University (August 2020-June 2022)

  • Empirical Research Methods for Economics (Winter 2022 - Post Graduate course)
  • Experimental and Behavioural Economics (Monsoon 2021 - Post Graduate course)
  • Principles of Microeconomics (2021, 2022 - Undergraduate course)
  • Principles of Macroeconomics (2021 - Undergraduate course)

Indian School of Business and Finance (2013-14 and 2015-16)

  • Principles of Microeconomics (Undergraduate course)
  • Intermediate Microeconomics (Undergraduate course)
  • Mathematical Economics (Undergraduate course)

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