Alan Krueger was a renowned American economist who sadly passed away on March 16, 2019. Throughout his career, Krueger made significant contributions to economics and was a professor at Princeton University.
His research focused on numerous topics, including labor economics, income distribution, and the minimum wage. As a prominent economist, many wonder about Alan Krueger Net Worth.
|Full Name||Alan Bennett Krueger|
|Popular Name||Alan Krueger|
|Birth Date||September 17, 1960|
|Age||58 (at the time of his passing)|
|Birth Place||Livingston, New Jersey, United States|
|Education||Princeton University (BA, MPA), Harvard University (PhD)|
|Net Worth||$5 million|
|Source of Wealth||Academic career, consulting, book royalties|
What is Alan Krueger’s Net Worth and Salary in 2023?
As of 2023, Alan Krueger’s estimated net worth is $5 million. His wealth primarily comes from his successful career as an economist and author.
Throughout his career, he has published several books on education, labor markets, and income distribution. His expertise and contributions to the field have undoubtedly contributed to his financial success.
Why is Alan Krueger Famous?
Alan Krueger gained fame and recognition through his significant contributions to the field of economics. He became well-known for his research on labor economics, specifically focusing on the impact of minimum wage on employment.
Krueger’s studies debunked the belief that raising the minimum wage would result in job loss. He also served as the chairman of President Barack Obama’s Council of Economic Advisers from 2011 to 2013, further increasing his prominence in the world of economics.
Alan Krueger Biography
Alan Bennett Krueger was born on September 17, 1960, in Livingston, New Jersey. Unfortunately, details about his parents and siblings are not available. Growing up, he displayed a passion for economics and the social sciences, which eventually shaped his future career.
Krueger pursued his higher education at Cornell University School of Industrial and Labor Relations, earning his Bachelor of Science degree with honors. He furthered his studies at Harvard University, obtaining his Master of Arts and Ph.D. in Economics in 1985 and 1987, respectively.
Career and Awards
Krueger’s expertise was sought after by two U.S. presidents, serving as an advisor and helping shape economic policy at the highest level. He served as Assistant Secretary of the Treasury for Economic Policy under President Obama from May 2009 to October 2010.
In 2011, he was nominated by Obama to chair the White House Council of Economic Advisers, a position he held until August 2013.
Throughout his career, Krueger received numerous awards recognizing his groundbreaking work in economics. In 2006, he was awarded the IZA Prize in Labor Economics alongside David Card by the Institute of Labor Economics.
Other notable accolades include the Kershaw Prize, Mahalanobis Prize, and his election as a fellow of several esteemed societies, such as:
- American Academy of Arts and Sciences
- Society of Labor Economists
- Econometric Society
- American Academy of Political and Social Science
Krueger’s work has left an indelible mark on the field of economics, particularly in areas of education, terrorism, unemployment, labor demand, income distribution, and social policy. His legacy continues to inspire economists around the world.
Alan Krueger married Lisa Simon, and the couple had two daughters together. While his professional life was marked by utmost dedication, Krueger also valued his family life and maintained a balance between the two.
Sadly, Krueger’s life ended prematurely on March 16, 2019, leaving behind a legacy of groundbreaking work in the field of economics.
Social Media Accounts
Alan Krueger’s social media presence is not available as of now. However, his contributions and research can be found in various academic publications and news articles.
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FAQs about Alan Krueger
What were Alan Krueger’s notable publications?
Some of Krueger’s notable publications include “Myth and Measurement: The New Economics of the Minimum Wage,” “Education Matters: A Selection of Articles by Presidential Members,” and “Inequality in America: What Role for Human Capital Policies?”
Did Alan Krueger receive any awards for his work?
Krueger received numerous awards and honors throughout his career, including the Kershaw Prize, the IZA Prize in Labor Economics, and being named a fellow of the Econometric Society.
What was Alan Krueger’s impact on economic policy?
Krueger’s research on the minimum wage challenged existing beliefs and influenced policymakers’ understanding of its effects. His work contributed to a shift in economic policy discussions regarding labor markets and income distribution.
Alan Krueger is not just a name but a legacy in economics. His impact, findings, and contributions will continue to shape policies and thoughts for years.
Whether you’re into economics or just wanted the 411 on this legend, we hope this guide quenches your thirst for knowledge. Remember, every day is a learning day, especially at Covemarkets. Stay curious!