Last updated on: 4/27/2010 | Author:

Peter A. Diamond, PhD Biography

Institute Professor at the Massachusetts Institute of Technology (MIT)
Con to the question "Should Social Security Be Privatized?"

“[T]he individual accounts themselves would worsen Social Security’s balance over the next 75 years. Moreover, the individual accounts would have an adverse effect on Social Security’s financial condition on a permanent basis, rather than just during a ‘transition period’.”

Cowritten with Peter R. Orszag, “Reducing Benefits and Subsidizing Individual Accounts: An Analysis of the Plans Proposed by the President’s Commission to Strengthen Social Security,” Center on Budget and Policy Priorities website, June 2002

Involvement and Affiliations:
  • Institute Professor, Massachusetts Institute of Technology (MIT), 1997-present
  • Member, Behavioral Economics Roundtable, Russell Sage Foundation, 1993-present
  • Research Associate, National Bureau of Economic Research, 1991-present
  • Member, Special Commission to Study the Massachusetts Contributory Retirement Systems, 2009
  • Member, Blue Ribbon Panel on the State’s Retirement Group Classification System, Committee on Public Service, Massachusetts Legislature, 2006
  • Paul A. Samuelson Professor, Massachusetts Institute of Technology (MIT), 1992-1997
  • Member, Panel on Retirement Income Modeling, National Academy of Sciences,
    Member, Panel on Trends and Issues in Retirement Savings consulting to Advisory Council on Social Security, 1994-95

  • John and Jennie S. MacDonald Professor, Massachusetts Institute of Technology (MIT), 1989-1991
  • Associate Professor and Professor, Massachusetts Institute of Technology (MIT), 1966-1988
  • PhD, Economics, Massachusetts Institute of Technology (MIT), 1963
  • BA, summa cum laude, Mathematics, Yale University, 1960
  • None found
Quoted in:
Pro & Con Quotes: Should Social Security Be Privatized?