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First Name: Peter
Middle Name:
A.Last Name: Diamond
Suffix:
RePEc Short-ID: pdi24 Email: pdiamond@mit.edu
Homepage: [url=http://econ-www.mit.edu/faculty/pdiamond/]http://econ-www.mit.edu/faculty/pdiamond/[/url]
Postal Address: MIT Department of Economics E52-344 50 Memorial Drive Cambridge MA 02142-1347
Phone: (617) 253-3363
Affiliation(in no particular order)
- Economics Department
Massachusetts Institute of Technology (MIT)Location: Cambridge, Massachusetts (United States)
Homepage: http://econ-www.mit.edu/
Email:
Phone: (617) 253-3361
Fax: (617) 253-1330
Postal: 50 Memorial Drive, E52-391, Cambridge, MA 02142
Handle: RePEc:edi:edmitus (registered authors at this institution)
Peter Arthur Diamond (born April 29, 1940) is an American economist known for his analysis of U.S. Social Security policy and his work as an advisor to the Advisory Council on Social Security in the late 1980s and 1990s. He was awarded the Nobel Prize in Economic Sciences in 2010, along with Dale T. Mortensen from the Northwestern University and Christopher A. Pissarides from the London School of Economics.
Education and career
Diamond earned a bachelor's degree in mathematics from Yale University in 1960 and defended a Ph.D. at the Massachusetts Institute of Technology in 1963. He was an assistant professor at the University of California, Berkeley from 1964–65 and an acting associate professor there before joining the MIT faculty as an associate professor in 1966. Diamond was promoted to full professor in 1970, served as head of the Department of Economics in 1985-86 and was named an Institute Professor in 1997.
Diamond was in 1968 elected a fellow and served as President of the Econometric Society. In 2003, he served as president of the American Economic Association. He is a member of the National Academy of Sciences and a Fellow of the American Academy of Arts and Sciences. Fellow of the American Academy of Arts and Sciences (1978), and Member of the National Academy of Sciences (1984), and is a Founding Member of the National Academy of Social Insurance(1988). Diamond was the 2008 recipient of the Robert M. Ball Award for Outstanding Achievements in Social Insurance, awarded by NASI.
Diamond wrote a book on Social Security with Peter R. Orszag, President Obama's former director of the Office of Management and Budget,[2] titled Saving Social security: a balanced approach (2004,-5, Brookings Institution Press).[3] An earlier paper from Brookings Institution introduced their ideas.[4]
On April 29, 2010, Diamond was announced by Barack Obama as one of three nominees to fill the three vacancies then present on the Federal Reserve Board, along with Janet Yellen and Sarah Bloom Raskin.[5] On August 5 the Senate returned Diamond's nomination to the White House, effectively rejecting his nomination.[6] Ben Bernanke, the current Chairman of the Fed, was once a student of Diamond.
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