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

Theoretical Expertise Ranking:
Individuals with PhDs, JDs, or equivalent advanced degrees in fields relevant to social security and related issues. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to social security and related issues.
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?