Alan Krueger Bio

Alan Bennett Krueger (September 17, 1960 – March 17, 2019) was an American economist who was the Bendheim Professor of Economics and Public Affairs at Princeton University and Research Associate at the National Bureau of Economic Research. On March 7, 2009, he was nominated by President Barack Obama to be Assistant Secretary of the Treasury for Economic Policy. In October 2010, he announced his resignation from the Treasury Department, to return to Princeton University. He was among the 50 highest ranked economists in the world according to IDEAS/RePEc. On August 29, 2011, he was nominated by Obama to be chair of the White House Council of Economic Advisers, and on November 3, 2011, the Senate unanimously confirmed his nomination.

Alan Krueger Trivia Quick Info

Alan Krueger Quick Wiki/Bio

Born September 17, 1960 (age 58)
Livingston, New Jersey, U.S.
Died March 17, 2019
Political party Democratic
Spouse(s) Lisa Simon
Children 2
Education Cornell University (BS)
Harvard University (MA, PhD)
Academic career
Field Labor economics
Public finance
Lawrence Summers
Richard B. Freeman

Alan Krueger Biography

Krueger grew up in a Jewish family in Livingston, New Jersey, and graduated from Livingston High School in 1979.

Krueger received his B.S. in Industrial and Labor Relations from Cornell University (with honors), and he received his A.M. and Ph.D. in Economicsfrom Harvard University in 1985 and 1987, respectively.

Alan Krueger Career

Krueger developed and applied the method of natural experiments to study the effect of education on earnings, the minimum wage on employment, and other issues.

Krueger compared restaurant jobs in New Jersey, which raised its minimum wage, to restaurant jobs in Pennsylvania, which did not, and found that restaurant employment in New Jersey increased, while it decreased in Pennsylvania. The results reinvigorated the academic debate on the employment effects of minimum wages and spawned a large and often conflicted literature.

His books, Education Matters: Selected Essays by Alan B. Krueger and (with James Heckman) Inequality in America: What Role for Human Capital Policies? reviewed the available research relating to positive externalities accruing to society from increased government investment in educating the children of the poor. His summary of the available research showed relatively high returns to society from educational investments that have been shown in numerous formal and natural experiments to reduce crime and recidivism. At one point, he concluded he does “not envision investment in human capital development as the sole component of a program to address the adverse consequences of income inequality. It is part of the solution, but not the whole solution. In principle, the optimal governmental policy regarding income inequality would employ multiple instruments, up to the point at which the social benefit per additional dollar of cost of each instrument is equal across all instruments.”

In his book, What Makes a Terrorist: Economics and the Roots of Terrorism (2007), he wrote that in contrast to the assumption that terrorists come from impoverished, uneducated environments, terrorists often come from middle-class, college-educated backgrounds.

From 1994-95 he served as Chief Economist at the United States Department of Labor. He received the Kershaw Prize, Mahalanobis Prize, and IZA Prize (with David Card), and was a fellow of the American Academy of Arts and Sciences, Society of Labor Economists, Econometric Society and American Academy of Political and Social Science. He was a member of the Executive and Supervisory Committee (ESC)] of CERGE-EI, an academic institution located in Prague, Czech Republic.

He also published many books on issues related to education, labor markets and income distribution. He was also known for his work on the Environmental Kuznets Curve.  Between 2000 and 2006 he wrote for The New York Times Economic Scene column.

Krueger signed a 2018 amici curiae brief that expressed support for Harvard University in the Students for Fair Admissions v. Harvard lawsuit.

Alan Krueger Personal life/ Marrid

He was married to Lisa Simon and had two children, Benjamin and Sydney. He died on March 17, 2019.

Alan Krueger Books

  • Card, David; Krueger, Alan B. (1995), Myth and Measurement: The New Economics of the Minimum Wage, Princeton: Princeton University Press, ISBN 0-691-04823-1.
  • Krueger, Alan B. (2001), Education Matters: Selected Essays by Alan B. Krueger, Cheltenham, UK: Edward Elgar, ISBN 1-84064-106-1.
  • Heckman, James J.; Krueger, Alan B. (2003). Inequality in America: What Role for Human Capital Policies?. MIT Press. ISBN 0-262-08328-0.
  • Krueger, Alan B. (2007), What Makes a Terrorist: Economics and the Roots of Terrorism, Princeton: Princeton University Press, ISBN 0-691-13438-3.
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