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Alan Krueger, a groundbreaking Princeton University economist who served as a top adviser in two Democratic administrations and was an authority on the labor market, has died after taking his own life, his family said.
'It is with tremendous sadness we share that Professor Alan B. Krueger, beloved husband, father, son, brother, and Princeton professor of economics took his own life over the weekend,' a statement from his family reads.
Family - Time - Space
'The family requests the time and space to grieve and remember him.
'In lieu of flowers, we encourage those wishing to honor Alan to make a contribution to the charity of their choice.'
Krueger - Research - Job - Market - Impact
Krueger, 58, devoted much of his research to the job market and, in particular, to the impact of a minimum wage.
His work concluded that a higher minimum wage did not generally slow hiring as many conservative critics have argued.
Labor - Department - Economist - President - Bill
After serving as a Labor Department economist under President Bill Clinton, Krueger worked for President Barack Obama as a top Treasury official and then as chairman of the Council of Economic Advisers from 2011 to 2013.
In a statement, Obama credited Krueger with helping revive the U.S. economy after the devastating 2008 financial crisis.
Years - Administration - Response - Crisis - Years
'He spent the first two years of my administration helping to engineer our response to the worst financial crisis in 80 years and to successfully prevent the chaos from spiraling into a second Great Depression,' Obama said.
'He helped us return the economy to growth and sustained job creation, to bring down the deficit in a responsible way and to set the stage for wages to rise again.'
Cecilia - Rouse - Dean - Princeton - Woodrow
Cecilia Rouse, dean of Princeton's Woodrow Wilson School for Public Policy and International Affairs, said she first met Krueger during the 1980s when she was a student at Harvard University and he was a graduate student there.
'He was incredibly creative,...
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