Peter Diamond
| Peter Diamond | |
|---|---|
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|
| Born |
Peter Arthur Diamond April 29, 1940 New York City, U.S. |
| Nationality | American |
| Spouse(s) | Priscilla "Kate" Myrick |
| Institution |
MIT University of California, Berkeley |
| Field | Political economics, welfare economics, behavioral economics |
| Alma mater | MIT Yale University |
| Doctoral advisor |
Robert Solow |
| Doctoral students |
Martin Hellwig David K. Levine Andrei Shleifer Emmanuel Saez |
| Awards |
Nobel Memorial Prize in Economic Sciences 2010 |
| Information at IDEAS / RePEc | |
| Notes | |
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 Memorial Prize in Economic Sciences in 2010, along with Dale T. Mortensen and Christopher A. Pissarides. He is an Institute Professor at the Massachusetts Institute of Technology. On June 6, 2011 he withdrew his nomination to serve on the Federal Reserve’s board of governors, citing intractable Republican opposition for 14 months.
Diamond was born to a Jewish family in New York City. His grandparents immigrated to the U.S. at the turn of the 20th century. His mother's parents and six older siblings came from Poland. His father's parents met in New York, she came from Russia and he came from Romania. His parents, both born in 1908, grew up in New York City and never lived outside the metropolitan area. Both finished high school and went to work, his father studying at Brooklyn Law School at night while selling shoes during the day. They married in 1929. He has one brother, Richard, born in 1934.
He started public school in the Bronx, and switched to suburban public schools in the second grade when the family moved to Woodmere, on Long Island. He eventually graduated school from Lawrence High School.
He earned a bachelor's degree summa cum laude in mathematics from Yale University (1960), and a Ph.D. at the Massachusetts Institute of Technology (1963). He was an assistant professor at the University of California, Berkeley, from 1964 to 1965 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.
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