Age, Biography and Wiki

Michael Kremer (Michael Robert Kremer) was born on 12 November, 1964 in New York City, U.S., is an American economist and Nobel laureate (born 1964). Discover Michael Kremer's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 59 years old?

Popular As Michael Robert Kremer
Occupation N/A
Age 59 years old
Zodiac Sign Scorpio
Born 12 November, 1964
Birthday 12 November
Birthplace New York City, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 12 November. He is a member of famous economist with the age 59 years old group.

Michael Kremer Height, Weight & Measurements

At 59 years old, Michael Kremer height not available right now. We will update Michael Kremer's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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Who Is Michael Kremer's Wife?

His wife is Rachel Glennerster

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Wife Rachel Glennerster
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Michael Kremer Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Michael Kremer worth at the age of 59 years old? Michael Kremer’s income source is mostly from being a successful economist. He is from United States. We have estimated Michael Kremer'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
House Not Available
Cars Not Available
Source of Income economist

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Timeline

1964

Michael Robert Kremer (born November 12, 1964) is an American development economist currently serving as University Professor in Economics at the University of Chicago and Director of the Development Innovation Lab at the Becker Friedman Institute for Research in Economics.

Michael Robert Kremer was born on November 12, 1964 to Eugene and Sara Lillian (née Kimmel) Kremer in New York City.

Both his mother and father were the children of Jewish immigrants, from Poland and Austria-Poland, respectively.

His father taught architecture at Kansas State University, and his mother was a professor of English at the same institution, where she specialized in American Jewish and Holocaust literature.

Kremer attended Manhattan High School in Manhattan, Kansas, where his mother was formerly a teacher.

Beginning in fifth grade, he took classes at Kansas State University, taking enough credits to achieve sophomore standing by his junior year of high school.

1985

He left high school a year early to attend Harvard University, where he received his AB in Social Studies in 1985, magna cum laude and Phi Beta Kappa.

Kremer wrote his senior thesis comparing an employment guarantee program in India with a food subsidy scheme in Sri Lanka.

After graduating from Harvard, Kremer worked for a year as a teacher and administrator at Eshisiru Secondary School in Kakamega District of Kenya.

Inspired by the experience, he co-founded WorldTeach, a Cambridge-based nonprofit organization focused on international development and education, where he currently serves as President of the Board.

1992

After his time in Kenya, Kremer returned to Harvard University, where he received a PhD in Economics in 1992.

Kremer's dissertation research was supervised by Robert Barro, Eric Maskin, and Greg Mankiw, and focused on the determinants of long-run economic growth.

His PhD research was supported by a fellowship from the National Science Foundation, and won the David A. Wells Prize, awarded annually to the best dissertation in the Harvard Department of Economics.

Kremer is the husband of Rachel Glennerster, an Associate Professor of Economics at the University of Chicago, and the former Chief Economist of the UK Department for International Development.

Kremer began his academic career at the Massachusetts Institute of Technology (MIT), where he served as a Post-Doctoral Fellow from 1992 to 1993.

1993

He was a visiting Assistant Professor at the University of Chicago in Spring 1993, and joined MIT as an Assistant Professor the same year.

1996

He was promoted to Associate Professor in 1996, and again to Professor of Economics in 1998.

1999

In 1999, he joined Harvard University, where he served as Gates Professor of Developing Societies from 2003 to 2020.

After his time at Harvard, Kremer again joined the University of Chicago, where he is a University Professor in Economics and Director of the Development Innovation Lab at the Becker Friedman Institute for Research in Economics.

In addition to his academic appointments, Kremer is a fellow of the Econometric Society, a member of the National Academy of Sciences, and a fellow of the American Academy of Arts and Sciences.

Since 1999, Kremer has also been a research associate at the National Bureau of Economic Research.

According to Research Papers in Economics, Kremer is among the most cited economists in the world, ranking in the top 130 authors by total research output as of November 2023.

He has focused his research on economic growth and poverty alleviation, particularly as it relates to education and health.

Alongside Abhijit Banerjee and Esther Duflo, Kremer has helped establish the effectiveness of randomized controlled trials to test proposed antipoverty measures.

Describing Kremer's early use of pioneering experimental methods, Duflo said that Kremer "was there from the very beginning, and took enormous risks. [...] He is a visionary."

2002

In 2002, he co-founded the Bureau for Research and Economic Analysis of Development, a non-profit learned society promoting research on the microeconomics of development.

2003

Kremer formerly served as the Gates Professor of Developing Societies at Harvard University, a role he held from 2003 to 2020.

2008

In 2008, he was elected a Fellow of the Econometric Society.

Kremer is also the Scientific Director of Development Innovation Ventures, a program of the United States Agency for International Development aimed at maximizing the impact of development spending through rigorous impact evaluation.

2009

Since 2009, Kremer has been a member of Giving What We Can, an effective altruism organization whose members pledge to give 10% or more of their lifetime income to effective charities.

2010

In 2010, Kremer co-founded Development Innovation Ventures, an evidence based innovation fund administered by USAID aimed at testing and scaling new approaches to poverty alleviation.

The program promotes a venture capital approach to development finance, prioritizing rapid distribution of grants and scale-up of policies successful in pilot stages.

Since its founding, DIV has funded 277 grants in 49 countries, generating an estimated $17 in social benefit for each dollar invested in the program.

2011

From 2011 to 2014, Kremer co-led an experimental evaluation of an SMS-based information service in which Kenyan smallholder farmers were texted agricultural advice.

The program increased yields by 8%, inspiring Kremer to co-found Precision Development (PxD), a non-profit organization building digital information services for the world's poor.

2013

The scheme, run by non-profit Evidence Action, was ranked a GiveWell top charity from 2013 to 2022, considered among the best in the world for social impact per marginal dollar spent.

2014

Inspired by a randomized evaluation co-authored with Edward Miguel showing substantial effects of school-based deworming programs on educational attainment and health, Kremer co-founded the Deworm the World Initiative, which has since 2014 delivered 1.8 billion treatments to children around the world.

2019

In 2019, Kremer was jointly awarded the Nobel Memorial Prize in Economic Sciences, together with Esther Duflo and Abhijit Banerjee, "for their experimental approach to alleviating global poverty."

In addition to his academic appointments, Kremer is the co-founder of the Bureau for Research and Economic Analysis of Development (BREAD), a member of the National Academy of Sciences, and a Research Associate at the National Bureau of Economic Research.

2020

In 2020, PxD's programs had 5.7 million users, at an average cost per user of $1.61.