Age, Biography and Wiki

Alicia Munnell was born on 6 December, 1942 in New York City, New York, U.S., is an American economist. Discover Alicia Munnell's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is she in this year and how she spends money? Also learn how she earned most of networth at the age of 81 years old?

Popular As N/A
Occupation N/A
Age 81 years old
Zodiac Sign Sagittarius
Born 6 December, 1942
Birthday 6 December
Birthplace New York City, New York, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 6 December. She is a member of famous economist with the age 81 years old group.

Alicia Munnell Height, Weight & Measurements

At 81 years old, Alicia Munnell height not available right now. We will update Alicia Munnell's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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Dating & Relationship status

She is currently single. She is not dating anyone. We don't have much information about She's past relationship and any previous engaged. According to our Database, She has no children.

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Alicia Munnell Net Worth

Her net worth has been growing significantly in 2023-2024. So, how much is Alicia Munnell worth at the age of 81 years old? Alicia Munnell’s income source is mostly from being a successful economist. She is from United States. We have estimated Alicia Munnell's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
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Source of Income economist

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Timeline

1942

Alicia Haydock Munnell (born December 6, 1942) is an American economist who is the Peter F. Drucker Professor of Management Sciences at Boston College's Carroll School of Management.

Educated at Wellesley College, Boston University, and Harvard University, Munnell spent 20 years as an economist at the Federal Reserve Bank of Boston, where she researched wealth, savings, and retirement among American workers.

She served in the Bill Clinton administration as Assistant Secretary of the Treasury for Economic Policy and as a member of the Council of Economic Advisers.

Alicia Haydock Munnell was born December 6, 1942, in New York City.

1964

In 1964 she received a B.A. in economics from Wellesley College, where she was a member of Phi Beta Kappa.

From 1964 to 1965 she was a staff assistant in the Business Research Division of the New England Telephone Company.

1965

She was a teaching fellow in the economics departments of Boston University from 1965 to 1966 and Harvard University from 1971 to 1973.

1966

She received an M.A. in economics from Boston University in 1966 and a Ph.D. in economics from Harvard University in 1973.

At Harvard she studied public and private retirement savings plans.

Munnell held a number of short-term positions before earning her doctorate.

From 1966 to 1968 she was a research assistant to Joseph A. Pechman, then director of the Economic Studies Program at the Brookings Institution.

1973

After earning her Ph.D. in 1973, Munnell began a 20-year career at the Federal Reserve Bank of Boston.

1974

She also had an appointment as Assistant Professor of Economics at Wellesley in 1974.

1984

She was a research economist and was promoted to senior vice president and director of research in 1984.

Her research focused primarily on the distribution of wealth and savings in the American population and the impact of retirement policies and plans.

She advocated taxing benefits and contributions to private pension plans, which she viewed as providing tax breaks for the well off without increasing their saving.

1992

In 1992 she published a study that claimed Boston-area banks had practiced racial discrimination in mortgage lending against black and Hispanic applicants.

The American Bankers Association and political conservatives criticized the study.

In December 1992, President-elect Bill Clinton held an economic forum in Little Rock, Arkansas, which Munnell attended.

Clinton responded favorably to several of Munnell's policy proposals.

1993

By January 20, 1993, when Clinton was inaugurated, Munnell was seen as the likely choice for the post of Assistant Secretary of the Treasury for Economic Policy.

Three days later, Clinton's Treasury Secretary, Lloyd Bentsen, announced her appointment to the post in an acting capacity.

To formally hold the post, Munnell needed to be confirmed by the U.S. Senate.

Several Republican Senators reacted negatively to the nomination, citing her views on taxing pensions.

The pension industry also criticized the nomination.

Nonetheless, she had the support of some Republican Senators, including David Durenberger, the ranking member of the Finance Committee, and her confirmation hearing before that committee in May 1993 was uncontroversial.

She was confirmed later that month by a voice vote following floor debate in which several Republicans reiterated objections to the pension tax proposal.

As Assistant Secretary, Munnell's main role was as the chief aide to the Treasury Secretary on economic issues.

However, as a senior official in the Treasury Department she worked in a number of other areas, including investment policy for private pension plans, the administration's response to the Federal Reserve's moves against inflation, and Superfund reform.

Now, she argues that the best way to fix the social security funding dilemma is to raise taxes.

1994

By February 1994, speculation had begun that Munnell could be named to the Federal Reserve Board of Governors.

However, the November 1994 election had given Republicans control of the Senate, and a group of 10 Republican Senators told the administration they would oppose her over concerns that she would not fight inflation hard enough.

Her views on pensions and the mortgage discrimination study she led were also cited as reasons the lending industry pressured Republicans to oppose her.

In June the administration decided to avoid a confirmation fight by naming her instead to the President's Council of Economic Advisers.

1995

In May 1995, when John P. LaWare announced his retirement from the Fed Board, the Clinton administration announced its intention to appoint Munnell to fill the vacancy.

1996

The Fed Board seat remained vacant until June 1996, when the Senate confirmed Lawrence Meyer to replace LaWare.

The Washington Post reported in December 1996 that Clinton would name Munnell to head the Social Security Administration during his second term, but this did not come to pass.

1997

Since 1997 she has been a professor at Boston College and director of its Center for Retirement Research, where she writes on retirement income policy.

She left the Council of Economic Advisers in August 1997, ending her service in the Clinton administration.

After resigning from the Council of Economic Advisers in 1997, Munnell joined the faculty of Boston College as the Peter F. Drucker Professor of Management Sciences at the Carroll School of Management, a position she still holds.