The cause was suicide, according to a statement by his family released by Princeton University, where Krueger taught for more than three decades. A labour economist by training, Krueger was part of a new wave of economists who pushed the field toward a more empirical mind-set, with an emphasis on data rather than theory. Standard economic thinking at the time held that raising the minimum wage would reduce employment for low-wage workers; Katz said that he and Krueger had expected to find the same. Why don’t you come to Treasury and work on big, consequential things?”“That was his line,” Krueger said. “And I couldn’t say no.”Krueger spent two years at Treasury as chief economist and assistant secretary for economic policy.

Source: bd News24 March 19, 2019 09:11 UTC