WE HAVE A SUICIDE
He had a perpetual smile - even when he was correcting you': Obama leads the tributes to his chief economist, who also advised Bill Clinton, after he takes his own life aged 58
Alan Krueger, 58, was a Princeton University economist who served in the Clinton and Obama administrations
He was known as an expert on the labor market who argued that raising minimum wage did not slow hiring
President Obama named Krueger chairman of the White House Council of Economic Advisers
'He helped us return the economy to growth and sustained job creation, to bring down the deficit in a responsible way,' Obama said in a statement
Alan Krueger, a groundbreaking Princeton University economist who served as a top adviser in two Democratic administrations and was an authority on the labor market, has died after taking his own life, his family said.
'It is with tremendous sadness we share that Professor Alan B. Krueger, beloved husband, father, son, brother, and Princeton professor of economics took his own life over the weekend,' a statement from his family reads.
'The family requests the time and space to grieve and remember him.
'In lieu of flowers, we encourage those wishing to honor Alan to make a contribution to the charity of their choice.'
Krueger, 58, devoted much of his research to the job market and, in particular, to the impact of a minimum wage.
His work concluded that a higher minimum wage did not generally slow hiring as many conservative critics have argued.
After serving as a Labor Department economist under President Bill Clinton, Krueger worked for President Barack Obama as a top Treasury official and then as chairman of the Council of Economic Advisers from 2011 to 2013.
In a statement, Obama credited Krueger with helping revive the U.S. economy after the devastating 2008 financial crisis.
After serving as a Labor Department economist under President Bill Clinton, Krueger worked for President Barack Obama as a top Treasury official and then as chairman of the Council of Economic Advisers from 2011 to 2013.
In a statement, Obama credited Krueger with helping revive the U.S. economy after the devastating 2008 financial crisis.
Clinton tweeted: 'Alan Krueger was a brilliant economist for the public interest - from his research proving that raising the minimum wage doesn't increase unemployment, to his recent work showing that America's opioid epidemic has increased it.
'My thoughts are with his family. We lost him too soon.'
David Axelrod, a senior adviser in the Obama administration, tweeted: 'Stunned and saddened to read of Alan Krueger’s passing. He was a brilliant and warm WH colleague. A wonderful combination. RIP.'
Jordan Weissmann tweeted: 'Alan Krueger helped pioneer the early research showing that minimum wage increases don't necessarily kill jobs. A giant in labor economics. Will be missed.'
Paul Krugman, columnist for The New York Times, tweeted: 'The tragedy of Alan Krueger, even worse than we realized.
'What a terrible thing to happen to an intellectual giant who made America a better place for millions of people.'
Jacob Bernstein, an economic adviser to former Vice President Joe Biden, tweeted: 'Like anyone who knew him, I'm in shock and despair over the death of Alan Krueger.
'All we can take solace in is how lucky we are to have known him.
https://www.dailymail.co.uk/news/article-6823155/Alan-Krueger-noted-economist-served-Obama-died.html