Global Economic Outlook
As one of the world's most respected economists—not only for his keen research but also for how he applies the results to solve the economic, political and geopolitical issues of the day—Alan Krueger discusses the global economic outlook, providing both a macro understanding and taking a deep dive into key trends and issues. Krueger draws on his tremendous breadth of experience having served as chairman of President Obama's Council of Economic Advisers and as a member of his Cabinet from 2011- 2013, as well as the former chief economist of both the Department of the Treasury and the Department of Labor, to unpack what current policies and market trends mean for the economy at large. His surprising findings on the degree of hidden slack in the U.S. labor market and the opioid crisis have been frequently cited at Federal Reserve Board meetings and Congressional hearings. Krueger has developed economic policies to spur growth, including various stimulus proposals; small business development and lending programs; labor, unemployment and wage policies; as well as policies for housing, energy and taxes. His economic research influenced policies that helped end the great recession and put the nation on the road to recovery, as well as immigration reform, healthcare reform, national security and counter-terrorism policies, and the running of our school system. Krueger delivers a substantive economic outlook that spans all of these issues with refreshing humor and congeniality.
Technology and the Economy
Technological change has been sweeping the U.S. and the world economy, drastically impacting how we organize and conduct business as well as the economy at-large. A leading researcher in the debate over how the spread of computers and information technology affect the economy and jobs, Krueger reveals his latest groundbreaking research on the ramifications of digitization, cloud computing, big data, and mobile computing across industries. Providing a uniquely optimistic lens, Krueger highlights the enormous potential for new technologies to help the economy grow and businesses, workers, and consumers to prosper. Taking a deep dive into his recent studies, Krueger tailors his talk to each audience, decoding how emerging technologies can best be applied to their specific industry or sector. Ultimately, Krueger shares how new technology combined with sound economic policy and smart regulation can put the country on a track for faster and more widely shared growth.
The Future of Work: Preparing for an Uncertain Labor Market
Globalization and technological change are fundamentally changing the nature of work. How can employers and employees prepare for what lies ahead? In this insightful talk, internationally renowned economist and labor expert Alan Krueger reveals how to train and prepare for the job market of the future. Recently appointed to serve on the Rework America Task Force—aimed to transform America’s labor market to a 21st Century, skills-driven model—Krueger addresses crucial concerns as varied as the role of automation and artificial intelligence (AI), the proliferation of the “gig economy” and freelancers, and globalization. Ultimately, he illuminates a successful path forward for individuals and businesses alike.
Rockonomics: What the Music Industry Can Tell Us about the U.S. Economy
In this one-of-a-kind, engaging talk, Alan Krueger highlights how the music industry is a microcosm of what is happening in the U.S. economy at large. An avid rock ‘n’ roll fan, Krueger is the foremost, and most passionate, rockonomist. The Founder and President of the Music Industry Research Association, Krueger wrote the definitive white paper on Rockonomics: The Economics of Popular Music for the National Bureau of Economic Research, and has led studies on everything from what concert ticket pricing tells us about the national economy, to the effects of new technologies such as streaming in generating a “superstar economy” and what scalping can teach us about economics. He’s even delivered a Rockonomics keynote at the Rock and Roll Hall of Fame. Chock-full of eye-opening research and riveting anecdotes, in his presentation Krueger decodes key economic trends and factors such as technological change and globalization, through the lens of music. Discussing The Boss and inflation in equal measure, Krueger’s keynote will leave audiences cheering for an encore.
Brexit: Economic, Political and Investment Implications
Bexit's implications for the world economy depend on how British policymakers and European Union officials negotiate a post-Brexit agreement, on whether other E.U. members seek to exit the E.U. or negotiate new terms, and whether the United Kingdom splinters. Brexit could be the shot that upset the world trading system, the cross-country flow of people and ideas, and the world political order, or it could be a jolt that leads politicians to align their policies more closely with their constituents’ desires and shocks voters to become more aware of the consequences of their actions and, ultimately, more responsible in their judgments. Although there is tremendous uncertainty, one can consider different scenarios, and assess the likely implications for various regions of the world and industries.
In this speech, Krueger discusses the clear implications and the aftereffects which may offset or exacerbate early setbacks in investment, trade, currency, and economic performance in the E.U., U.K., U.S. and ASEAN region.
Alan Krueger's latest working paper makes headlines
Renowned economist ALAN KRUEGER made headlines for his latest working paper "Understanding Trends in Alternative Work Arrangements in the United States," which reassesses the conclusions from his earlier, groundbreaking 2016 study, that said the "gig economy" was exploding. The subject of articles in The Wall Street Journal, Fortune, CNNBusiness, Bloomberg, and Axios, Krueger's new study examines how and why the gig economy did not grow as expected, and the errors of his earlier survey on people in non-traditional work arrangements. Krueger's new work points to a powerful point, as CNN explains: "With the possible exception of passenger transportation, the revolution that allows consumers to order anything on a smartphone hasn't translated yet into a dramatic shift in how most people make a living." One of the 50 highest ranked economists in the world by IDEAS/RePEc and a former Chairman of the White House Council on Economic Advisors, Kreuger's research shapes the national conversation and directly influences economic policy. He translates his prescient insights into actionable strategies for audience nationwide. Recently, he was sought-out to deliver the lunchtime keynote address at the Federal Reserve Bank of Kansas City's high-profile Jackson Hole Economic Policy Symposium. Krueger's shrewd insights on wage growth, unemployment, the "Amazon Effect", and the economy at large were cited in The New York Times, The Financial Times, Bloomberg, MarketWatch, and more. Krueger regularly receives rave reviews at each of his engagements, such as: "The event was great-- the team really enjoyed the time spent with Alan and had extremely positive feedback. They believed he uncovered a hard to see insight and they thought it was a very productive use of time..." (AT&T).
Alan Krueger makes headlines for insights at major economic symposium
Renowned economist ALAN KRUEGER made headlines thanks to the valuable insights he shared at the Federal Reserve Bank of Kansas City's recent, high-profile Jackson Hole Economic Policy Symposium. Sought-out to deliver the lunchtime keynote address entitled "Reflections on Dwindling Worker Bargaining Power and Monetary Policy," Krueger shared shrewd insights on wage growth, unemployment, the "Amazon Effect", and the economy at large. His substantive commentary was cited in The New York Times, The Financial Times, Bloomberg, MarketWatch, and more. One of the 50 highest ranked economists in the world by IDEAS/RePEc and a former Chairman of the White House Council on Economic Advisors, Kreuger's research shapes the national conversation and directly influences economic policy. His recent groundbreaking paper “Where have all the workers gone? An inquiry into the decline of the U.S. labor force participation rate” garnered attention from nearly every major media outlet, making headlines in The Wall Street Journal, Bloomberg, Fortune, The Washington Post, Quartz, New York Magazine, NBC News, The New Yorker, and more. Recently sought-out to deliver a keynote at Jobs for the Future's Horizons event, Krueger regularly receives rave reviews at each of his engagements, such as: "The event was great-- the team really enjoyed the time spent with Alan and had extremely positive feedback. They believed he uncovered a hard to see insight and they thought it was a very productive use of time..." (AT&T).
Alan Krueger selected to join task force to transform America’s labor market
Princeton Professor and former Chairman of the White House Council of Economic Advisors, ALAN KRUEGER has been tapped to serve on the Rework America Task Force. Aimed to transform America’s labor market to a 21st century, skills-driven model through the development of strategic policy, Rework America brings together a powerful coalition of influential leaders. A renowned expert on labor, one of the 50 highest ranked economists in the world, and a former chief economist at the U.S. Department of the Treasury and Department of Labor, Krueger is a natural fit for the task force that will seek to harness the same digital technology that is currently disrupting the economy, to rewire the labor market. From bringing transparency to the job search process, to deploying new training programs, “Rework America aims to map out a better future for workers, so that automation can benefit everyone.” As Krueger said, “The nature of work is changing rapidly in the U.S. and around the world because of technological change and globalization. I am pleased to participate in this effort and look for ways to prepare workers and improve skills training for the job market of the future.” With six-million-plus jobs in America unfilled because employers can’t find skilled workers, and millions of Americans either unemployed or underemployed, Krueger is poised to address a crucial issue.
Alan Krueger’s latest groundbreaking research paper on labor force participation makes headlines
ALAN KRUEGER’s latest groundbreaking research paper—“Where have all the workers gone? An inquiry into the decline of the U.S. labor force participation rate” — uncovers a surprising and crucial factor behind decreased labor force participation: the opioid epidemic. Originally published in the Fall 2017 edition of the Brookings Papers on Economic Activity, Krueger’s work examines how the opioid epidemic has affected the labor force on a local and national level, ultimately positing that the increase in opioid prescriptions between 1999 to 2015 could account for one-fifth of the decline in men’s labor force participation and a quarter of women’s. Krueger’s important findings instantly garnered attention from nearly every major media outlet, making headlines in The Wall Street Journal, Bloomberg, Fortune, The Washington Post, Quartz, New York Magazine, NBC News, The New Yorker, and more. A Princeton Professor and Former Chairman of the White House Council of Economic Advisors, Krueger is a renowned expert on labor and one of the 50 highest ranked economists in the world. His pivotal research on the labor force helps inform both the national conversation and public policy. As Krueger wrote in his paper, “Addressing the decades-long slide in labor force participation by prime-age men should be a national priority.”Read about Krueger's crucial research >>
Alan Krueger wins prestigious prize, makes headlines following informative talk
Princeton Professor and former Chairman of the White House Council of Economic Advisors, ALAN KRUEGER received the 2017 Daniel Patrick Moynihan Prize at the American Academy of Political and Social Science (AAPSS). Created to recognize social scientists, public officials and civic leaders who use their “informed judgement to advance the public good,” the Moynihan Prize is an incredible honor for the nation’s most influential public servants and comes with the opportunity to deliver a lecture on the world’s most pressing challenges. As the AAPSS President said: “[Alan Krueger] is a gifted scholar, policy influential, and public servant, and a most worthy recipient of an award celebrating Moynihan’s dedication to bringing the highest quality research available to bear on policy design and implementation...” In his speech, Krueger delivered an urgent message on the new economy, sharing insights on how modern labor laws are needed to protect the growing number of independent workers in the “gig economy.” One of the 50 highest-ranking economists in the world, Krueger is a foremost expert on labor and the current economic climate, sharing invaluable analysis with audiences worldwide.Read more about Alan Krueger’s forward-thinking lecture >>
What does "America First" mean for TRADE and TAX POLICY? These HWA speakers know the decisions facing CEOs and Congress, and the impact on American workers, our foreign policy and the economy as a whole.
STEVE FORBES: CEO of Forbes media, champion of tax reform and former U.S. Presidential candidate
MAX BAUCUS: Trade expert, Ambassador to China (2014 - 2017) & Chair of Senate Finance Committee (2007 - 2014)
LAWRENCE SUMMERS: Secretary of the Treasury and Director White House Council of Economic Advisors
ALAN KRUEGER: Jobs expert, Chairman White House Council of Economic Advisors, Chief Economist of the U.S. Treasury
JULIA GILLARD: Prime Minister of Australia (2010- 2013) and expert on trade in the Asian-Pacific region
ED BALLS: Chief Economic Advisor to the UK Treasury (2010 - 2015)
PAUL TUCKER: Deputy Governor of the Bank of England (2009 - 2013)
FELIPE CALDERON: President of Mexico (2006 - 2012) and NAFTA expert
VICENTE FOX: President of Mexico (200 - 2006) and NAFTA expertMore experts on taxes and trade issues in North America, Europe and Asia >>
Trade, Taxes, and Tariffs in the Trump Administration & What it Means for Business
What is the Trump Administration setting in motion in terms of trade deals, tax reform, and tariffs and what does it mean for business? These HWA Speakers are today's top minds on the subject, many of whom have advised Presidents and enacted trade policy.HWA Speakers on Trade, Taxes & Tariffs >>
What are the benefits and risks of the Gig Economy? Alan Krueger has deep insights on wage and employment issues in the new economy
What protections do Uber drivers, for example, have to ensure fair wages? How does a new economy, increasingly staffed by independent workers, develop and attract a productive and stable work force? What is the economic benefit of the independent worker and should we foster an independent work force? Krueger has analyzed the risks of an independent work force to the economy and the ways those workers reduce volatility in employment and income. Additionally he proposes labor law protections, which you can read here.Listen to Alan Kreuger's analysis of the Gig Economy >>
Alan Krueger HWA Chat covers next President, China, the loss of the middle class and more
When eminent economist Alan Krueger dropped by HWA, we sat down to chat about what he believes should be the agenda for America's next President, whether a growing China poses a threat or opportunity for businesses and why we are losing our middle class.Watch the chat >>
Alan Krueger is a highly sought-after commentator on Brexit
“[T]he political implications of Brexit could matter more than the direct economic effects, and are very difficult to handicap. For example, Brexit could signal a pervasive shift to nationalist platforms and populist candidates…, or it could lead voters to recognize that politics is a serious business and that responsible policymakers can avert disaster (as appears to have been the case in Spain). To give Winston Churchill the last word, 'The trouble with committing political [and economic] suicide is that you live to regret it.’"Find out more >>
Alan B. Krueger is the Bendheim Professor of Economics and Public Affairs at Princeton University. He served as Chairman of President Barack Obama’s Council of Economic Advisers from November 2011 to August 2013, and was a member of the President’s Cabinet. He is the founding Director of the Princeton University Survey Research Center. In 2009-10, he served as Assistant Secretary for Economic Policy and Chief Economist of the U.S. Department of the Treasury and in 1994-95 he served as Chief Economist of the U.S. Department of Labor. He wrote for the New York Times Economic Scene column and Economix blog from 2000 to 2009. He was named a Sloan Fellow in Economics in 1992 and an NBER Olin Fellow in 1989-90. He was editor of the Journal of Economic Perspectives from 1996 to 2002. He was elected a Fellow of the Econometric Society in 1996, a fellow of the Society of Labor Economists in 2005 and a member of the Executive Committee of the American Economic Association in 2004. He earned a B.S. degree with honors from Cornell University in 1983 and a Ph.D. in Economics from Harvard University in 1987.
He is one of the nation’s most-respected voices on the economy. He is ranked among the 50 highest-ranked economists in the world according to Research Papers in Economics. Since 1987, he has held a joint appointment in the Economics Department and Woodrow Wilson School at Princeton University. Krueger has published widely on unemployment, income distribution, the economics of education, labor demand, terrorism, subjective well-being, financial markets, social insurance, labor market regulation and environmental economics. Among his many honors, he was awarded the Kershaw Prize by the Association for Public Policy and Management in 1997 for the most significant contributions to public policy research by someone under age 40, elected a fellow of the American Academy of Arts & Sciences in 2002, and awarded the IZA Prize in Labor Economics in 2006.
He joined the Obama administration in the midst of the financial crisis in February 2009 and helped develop and implement policies that put the country on a path back toward recovery. He is the only economist to have served as Chief Economist of both the Department of the Treasury and Department of Labor. As one of the foremost experts on labor markets, wage growth, inequality and unemployment, his speeches offer insights on the path of the current U.S. recovery, the likely path of future policy developments, and risks and opportunities in the global economy.
President Obama said, Alan has been one of my most trusted advisers on economic policy and a great friend. I asked Alan to lead my Council of Economic Advisers because he understands the economy better than almost anyone …. Alan was the driving force behind many of the economic policies that I have proposed that will grow our economy and create middle-class jobs. … And while we have more work to do, today our economy is improving — thanks, in no small part, to Alan’s efforts.” Dr. Krueger helped design early stimulus proposals, including the “cash for clunkers” rebate, the Build America Bonds program, and the small business lending fund. He also played a major role in the development of the administration’s tax, budget, housing, energy, and international economic agenda.