Alan B. Krueger

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Alan B. Krueger (2017)

Alan Bennett Krueger (born September 17, 1960 in Livingston , New Jersey , † March 16, 2019 in Princeton , New Jersey) was an American economist and professor of economics and politics at the Bendheim Center for Finance at Princeton University . His field of research was internal and external relations, and he published on the scientific work of Simon Smith Kuznets .

On March 7, 2009, Krueger was appointed Assistant Secretary of the Treasury for Economic Policy by President Barack Obama (head of the Office of Economic Policy - the economic policy department of the US Treasury Department ). On August 29, 2011, Obama nominated Krueger as the future head of the Council of Economic Advisers ( Council of Economic Advisers in the White House). Krueger succeeded Austan Goolsbee on October 10 of the same year . On June 10, 2013, Obama announced that Krueger would return to his chair at Princeton University. He nominated Jason Furman to succeed him to the Council of Economic Advisers .

Life and research

Life

Alan B. Krueger grew up in Livingston, New Jersey. After graduating from the local (Livingston) High School in 1979. He graduated in 1983 at the School of Industrial & Labor Relations at Cornell University 's Bachelor with honors in 1987 from the Harvard University the Ph.D. in economics. Krueger taught at Princeton University from 1987 and published a. a. on the economic aspects of education, terrorism, environmental economics and market regulation. In 1992 he became a research fellow of the Alfred P. Sloan Foundation ( Sloan Research Fellow ). He was a member of the National Bureau of Economic Research . He was Chief Economist for the United States Department of Labor for 1994 and 1995 . From 2000 to 2006 the economist wrote columns on economic topics in the New York Times and in 2006 (together with David Card ) won the IZA Prize in Labor Economics for analyzing the importance of school education for success in the labor market. He died of suicide in mid-March 2019 at the age of 58 .

Private

Alan B. Krueger was married to Lisa Simon, from this marriage had two children, Benjamin and Sydney.

Since 2013 Thomson Reuters has counted him among the favorites for a Nobel Prize ( Thomson Reuters Citation Laureates ) due to the number of his citations . In addition, he was elected to the American Academy of Arts and Sciences in 2002.

Research on the minimum wage

In 1994, Krueger and David Card published a scientific study in the American Economic Review - the study entitled "Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania" ("Minimum Wages and Employment: A Case Study of the Fast Food Industry in New Jersey and Pennsylvania ”) , which the two researchers published as a book in 1995 - in an expanded form - under the title “ Myth and Measurement: The new Economics of the Minimum Wage ” .

In their empirical case study, Krueger and Card challenged the widespread opinion that the introduction of a minimum wage inevitably kills jobs. The two researchers examined 410 fast food restaurants in New Jersey that had raised their minimum wages from 4.25 dollars an hour to 5.05 dollars an hour in 1992 and compared them with fast food restaurants in neighboring Pennsylvania , where the minimum wage was $ 4.25 an hour.

Krueger and Card found that the rise in the minimum wage in New Jersey did not lead to a reduction in employment, in fact, more staff were hired. In addition, they found that the increase in the minimum wage did not result in the additional costs incurred by the restaurants being passed on to consumers.

These results have been confirmed by more recent studies, both spatially and temporally broader (e.g. a study by the Labor Market Research Center of the University of California, Berkeley from 2010).

Fonts (selection)

  • Myth and Measurement: The New Economics of the Minimum Wage , 1997 with David Card , ISBN 0-691-04823-1
  • Education Matters: Selected Essays by Alan B. Krueger , 2001, ISBN 1-84064-106-1
  • The Roaring '90s: Can Full Employment Be Sustained , ed. by Alan B. Krueger and Robert Solow , New York: Russell Sage and Century Fund, 2001.
  • Inequality in America: What Role for Human Capital Policies , ed. by James J. Heckman and Alan B. Krueger, Cambridge, MA: MIT Press, 2004.
  • The Market Comes to Education in Sweden: An Evaluation of Sweden's Surprising School Reforms (with Andjers Bjorklund, Melissa Clark, Per-Anders Edin, and Peter Fredriksson), Russell Sage Foundation, 2005.
  • What Makes a terrorist: economics and the roots of Terrorism , 2007, ISBN 0-691-13438-3

literature

Web links

Commons : Alan Krueger  - collection of pictures, videos and audio files

Individual evidence

  1. ↑ Allen Shen: Famed economist, professor Alan Krueger dies at 58. In: The Daily Princetonian . March 18, 2019, accessed on March 23, 2019.
  2. ↑ Ben Casselman, Jim Tankersley: Alan B. Krueger, Economic Aide to Clinton and Obama, Is Dead at 58. In: The New York Times , March 18, 2019, accessed March 19, 2019 .
  3. ↑ Bendheim Center for Finance (English)
  4. ↑ Princeton University - The Bendheim Center for Finance - Press release May 22, 1997: $ 10 million Gift from Lowenstein Foundation to Establish New Bendheim Center for Finance ( Memento from October 19, 2011 in the Internet Archive )
    Bendheim Center will celebrate 10th anniversary ( Memento from October 27 , 2011 in the     Internet Archive ) September 2010 in the Internet Archive )
  5. ^ Spiegel-Online August 29, 2011: Personnel decision. Obama relies on new top economic advisor
  6. ↑ NZZ August 29, 2011: Alan Krueger should fix it
  7. ^ The White House June 10, 2013: Remarks by the President Nominating Jason Furman as Chairman of the Council of Economic Advisers
  8. ^ Livingston Education Foundation May 26, 2010: LEF Announces Hall of Fame Inductees ...
  9. ↑ ILR News Center March 11, 2009: White House Names ILR Alums
  10. ^ Cornell University - Chronicle Online April 1, 2009: President Obama nominates two Cornellians to top posts
  11. ^ Homepage of the ILR School at Cornell University
  12. ^ Past Fellows. Alfred P. Sloan Foundation, accessed August 6, 2019 .
  13. ^ IZA Prize in Labor Economics. IZA Prize 2006 goes to David Card and Alan Krueger
  14. ^ Alan Krueger dead , The New York Times , March 18, 2019
  15. ↑ 2013 Predictions at Thomson Reuters (sciencewatch.com); Retrieved September 25, 2013
  16. ↑ Washington Post August 29, 2011: A closer look at Alan Krueger's academic work - Here the study as a pdf
  17. ↑ s. Handelsblatt January 2, 2011: US Study: The Truth About Minimum Wages
personal data
SURNAME Krueger, Alan B.
ALTERNATIVE NAMES Krueger, Alan Bennett (full name)
BRIEF DESCRIPTION American economist
DATE OF BIRTH 17th September 1960
PLACE OF BIRTH Livingston , New Jersey
DATE OF DEATH 16th March 2019
Place of death Princeton , New Jersey