Alan Krueger
Alan Bennett Krueger ( born September 17, 1960 in Livingston, New Jersey) is an American economist and Bendheim Professor of Economics and Politics at Princeton University. His research interests are intra - and extra-company relations, and he published the scientific work of Kuznets Simon Smith.
On March 7, 2009 Krueger of President Barack Obama became the Assistant Secretary of the Treasury for Economic Policy ( Head of the Office of Economic Policy - the economics department of the U.S. Treasury ) appointed. On August 29, 2011, Obama Krueger nominated as the future head of the Council of Economic Advisers ( Council of Economic Advisers in the White House ). Krueger joined on 10 October of the same year the successor of Austan Goolsbee.
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 from Cornell University with a Bachelor with honors in 1987 from Harvard University with a Ph.D. in economics. Krueger teaches since 1987 at Princeton University and has published texts on the economic aspects of education, terrorism, environmental economics and market regulation. He is a member of the National Bureau of Economic Research. In 1994 and 1995 he was chief economist at the Labor Department of the United States. From 2000 to 2006, the economist wrote columns about economic issues in the New York Times and won the 2006 ( with David Card) the IZA Prize in Labor Economics for the analysis of the importance of school education for the labor market success.
Since 2013 it is one of Thomson Reuters due to the number of its citations to favorites to a Nobel Prize (Thomson Reuters Citation Laureates ).
Research on the minimum wage
Published in 1994, Krueger along with David Card, a scientific study in the journal American Economic Review - the study entitled "Minimum Wages and Employment: A Case Study of the Fast- Food Industry in New Jersey and Pennsylvania " ( " Minimum Wage and Employment: A case study of the fast-food industry in New jersey and Pennsylvania " ), by the two researchers in 1995 - under the title - in expanded form " Myth and Measurement: the new was published Economics of the minimum Wage " as a book.
Krueger and Card presented in their empirical case study, the widespread opinion in question, that the introduction of a minimum wage inevitably destroy jobs. The two researchers studied 410 fast-food restaurants in New Jersey, who had raised their minimum wage of $ 4.25 / hour to $ 5.05 / h in 1992 and compared them with fast-food restaurants in neighboring Pennsylvania, where was the minimum wage in dollars / h 4.25.
Krueger and Card found that the place in New Jersey raise the minimum wage has never led to a reduction of employment, but even more staff were recruited. In addition, they found that raising the minimum wage also did not result in that the resulting additional costs of the restaurants were passed on to the consumer.
These results were ( as a study of the labor market - research center of the U.S. Berkeley University from the year 2010), to be confirmed by more recent, both spatially and temporally broader investigations.
Works
- Myth and Measurement: The New Economics of the Minimum Wage, 1997, Card, David, ISBN 0-691-04823-1
- 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