Basit Zafar is a Research Officer in the Microeconomic Studies Function at the Federal Reserve Bank of New York. He is an applied microeconomist, with interests in the area of education, labor, and household finance. His work studies how individuals make decisions under uncertainty, particularly in the context of human capital accumulation. The core of his research has focused on using subjective expectations data, directly elicited from respondents, to make inference on behavior (such as the choice of college major) and on understanding how individuals form expectations. Basit holds a Ph.D. from Northwestern University, awarded in 2008, and a B.Sc. from California Institute of Technology

He joined IZA as a Research Fellow in August 2012.