CHESTNUT HILL, Mass. (10-13-10) -- Peter A. Diamond, who was awarded the Nobel Prize for Economics earlier this week, is a research associate at BC's Center for Retirement Research, which provides decision-makers in the public and private sectors with critical information to better understand the issues facing an aging population.

The Center has had a long-standing partnership with MIT, where Diamond is professor of economics, and has published a number of his papers.

Diamond was awarded the Prize for developing a theory that helps to explain the mismatches between job seekers and employers that can contribute to high unemployment.

"We are thrilled that Peter Diamond won the Nobel Prize," said Center Director Alicia Munnell. "He has made remarkable contributions to the economics field, not only on frictions in the labor market for which he received the Prize, but also on optimal taxation and the theory and practice of public and private pensions.

"Peter volunteered to collaborate with us in 1998 when we applied for our first grant," added Munnell, "and he has been a stalwart supporter of the Center ever since.  He has produced working papers, collaborated on issue briefs, and he and I ran the Governor’s Commission to Reform Massachusetts State Pensions.  So we at the Center feel like a member of our family got this award.”

Read more on Diamond's work with the Center for Retirement Research.