Last updated on: 11/25/2013 | Author:

Michael Greenstone, PhD Biography

3M Professor of Environmental Economics at MIT
Pro to the question "Is a College Education Worth It?"

“When compared to other types of investments, how does a college degree really stack up?

The answer is clear: higher education is a much better investment than almost any other alternative, even for the ‘Class of the Great Recession’ (young adults age 23-24). In today’s tough labor market, a college degree dramatically boosts the odds of finding a job and making more money.”

Cowritten with Adam Looney, “Where Is the Best Place to Invest $102,000—In Stocks, Bonds, or a College Degree?,”, June 2011

Involvement and Affiliations:
  • Faculty Director, E2e Project, 2013-present
  • Co-Director, Climate Change Environment and Natural Resources Research Programme, International Growth Centre, 2010-present
  • Board of Directors and Head, Environment of Energy Program, Abdul Latif Jameel Poverty Action Lab at Massachusetts Institute of Technology (MIT), 2010-present
  • Senior Fellow, Brookings Institution, 2010-present
  • Director, The Hamilton Project, 2010-summer 2013
  • Chief Economist, Council of Economic Advisors, 2009-2010
  • Member, Energy Council, MIT Energy Initiative, 2008-present
  • Member, Environmental Research Council, MIT, 2008-present
  • Member, Advisory Board, Ed Labs, 2008-present
  • Nonresident Senior Fellow, Brookings Institution, 2007-2009
  • 3M Professor of Environmental Economics, MIT, 2006-present
  • Member, Abdul Latif Jameel Poverty Action Lab, 2006-present
  • Fellow, Center for the Study of Poverty and Inequality at Stanford University, 2006-present
  • Visiting Professor, University of California Energy Institute and University of California at Berkeley, 2006-2007
  • Visiting Professor, University of California Berkeley and Stanford University, 2005-2006
  • PhD, Economics, Princeton University, 1998
  • BA, with high honors, Economics, Swarthmore College, 1991
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