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DIAMOND, PETER A. Print E-mail

Peter A. Diamond's Mug Shot2010 Nobel Prize Winner for Economics
2010 Nobel Prize Winner for Economics together with Dale T. Mortensen and Christopher A. Pissarides. Institute Professor and Professor of Economics, Department of Economics, MIT, Cambridge, MA, USA

prize co-motivation:

for their analysis of markets with search frictions

He is best known for his pioneering work in optimal taxation

Expertise and main topics: Public finance and taxation, Social insurance, Social security, labor markets and behaviour economics, the interface between psychology and economics.

Peter Diamond is an expert on pensions and taxation with an honest, transparent, and comprehensive approach, Peter Diamond expertly helps audiences understand the ways in which unemployment, job vacancies, and wages are affected by regulation and economic policy, bringing some welcome realism and decency to current issues.

His invaluable talks make him a highly brilliant speaker at prestigious events all over the world.

Professional profile: In June 1997, Diamond was named an Institute Professor, the highest honor the MIT faculty can bestow upon a colleague. Diamond has applied his research interests in the service of the U.S. government, working on the Senate Finance Committee's Panel on Social Security Financing in the mid-1970s and on panels of technical experts consulting to the President's Advisory Councils on Social Security.
Diamond is the author of A Search Equilibrium Approach to the Micro Foundations of Macro-economics (MIT Press); On Time (Cambridge University Press); Social Security Reform (Oxford University Press); Taxation, Incomplete Markets and Social Security (MIT Press); and the forthcoming Saving Social Security: A Balanced Approach (with Peter R. Orszag, Brookings Institution). He is the author of many articles and is formerly co-editor of the Journal of Public Economics. Among Diamond's many honors are the Erwin Plein Nemmers Prize in Economics from Northwestern University, recognizing his work for opening "new and exciting fields of research, setting both a standard and a direction for other economists."
He has been a research associate of the National Bureau of Economic Research since 1991, and was a founding member of the National Academy of Social Insurance in 1988. He was elected to membership in the National Academy of Sciences in 1984. He was elected as a fellow of the American Academy of Arts and Sciences in 1978 and a fellow of the Econometric Society in 1968.

He is currently president of the American Economic Association and has been president of both the Econometric Society and the National Academy of Social Insurance..


  • Yale University, B.A. summa cum laude, 1960 (Mathematics)
  • M.I.T., Ph.D., 1963 (Economics)




Selected works:
Recent Working Papers
  • Social Security Reform in China: Issues and Options, 2005
  • Economic Globalisation and Swedish Pensions, 2009
  • Final Report of the Special Commission to Study the Massachusetts Contributory Retirement Systems, 2009
  • Pension Reform in China: Issues, Options and Recommendations (with Nicholas Barr), 2010
  • Problems with State-Local Final Pay Plans and Options for Reform (with Alicia H. Munnell, Gregory Leiserson and Jean-Pierre Aubry), Center for Retirement Research at Boston College, Number 12, August 2010
  • The ‘brake’ in the Swedish NDC pension (with Nicholas Barr), Center for Retirement Research at Boston College, Number 1, January, 2011.