President Barack Obama is expected to nominate the Bendheim Professor of Economics and Public Affairs at Princeton University as chairman of the White House Council of Economic Advisers on Monday, the report said. Ranked among the top 50 economists in the world, 50 year-old Krueger is looked upon by the White House as one who will speak for more-aggressive government action to bring down unemployment and to address the issue of long-term joblessness.
Krueger is touted as successor to Austan Goolsbee, who returned to the University of Chicago earlier this month. The Senate has to confirm Krueger's appointment. After earning a Ph.D. in Economics from Harvard University, he held a joint appointment in the Economics Department and Woodrow Wilson School at Princeton University since 1987. He is the founding Director of the Princeton University Survey Research Center.
Professor Krueger is not new to the White House. In 1994-95, he served as Chief Economist at the U.S. Department of Labor under the Clinton administration. He served as Assistant Secretary for Economic Policy and Chief Economist of the U.S. Treasury Department in 2009-10, before returning to Princeton University. He has published widely on the economics of education, unemployment, labor demand, income distribution, social insurance, labor market regulation, terrorism and environmental economics.
He is the author of "What Makes A Terrorist: Economics and the Roots of Terrorism," a work showing that terrorists often come from middle-class—and often college-educated—backgrounds. He has also written a book titled Myth and Measurement: The New Economics of the Minimum Wage, trying to prove that increases in the minimum wage don't depress employment.
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