Robert Solow
Robert Solow

Celebrity Profile

Name: Robert Solow
Occupation: Intellectuals & Academics
Gender: Male
Birth Day: August 23, 1924
Age: 98
Birth Place: Brooklyn, New York, United States
Zodiac Sign: Virgo

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Robert Solow

Robert Solow was born on August 23, 1924 in Brooklyn, New York, United States (98 years old). Robert Solow is an Intellectuals & Academics, zodiac sign: Virgo. Find out Robert Solownet worth 2020, salary 2020 detail bellow.

Net Worth

Net Worth 2020

Undisclosed

Salary 2020

Not known

Biography Timeline

1924

Robert Solow was born in Brooklyn, New York, into a Jewish family on August 23, 1924, the oldest of three children. He regarded his parents as being very intelligent people but were not able to go to college due to the necessity to work. He was well educated in the neighborhood public schools and excelled academically early in life. In September 1940, Solow went to Harvard College with a scholarship at the age of 16. At Harvard, his first studies were in sociology and anthropology as well as elementary economics.

1941

In 1941, Solow left the university and joined the U.S. Army. Because he was fluent in German, the Army put him on a task force whose primary purpose was to intercept, interpret, and send back German messages to base. He served briefly in North Africa and Sicily, and later in Italy until he was discharged in August 1945. Shortly after returning, he proceeded to marry his girlfriend, Barbara Lewis, whom he had only been dating for six months.

1945

He returned to Harvard in 1945, and studied under Wassily Leontief. As Leontief's research assistant he produced the first set of capital-coefficients for the input–output model. Then he became interested in statistics and probability models. From 1949 to 1950, he spent a fellowship year at Columbia University to study statistics more intensively. During that year he also worked on his Ph.D. thesis, an exploratory attempt to model changes in the size distribution of wage income using interacting Markov processes for employment-unemployment and wage rates.

1949

In 1949, just before going off to Columbia, he was offered and accepted an assistant professorship in the Economics Department at Massachusetts Institute of Technology. At M.I.T. he taught courses in statistics and econometrics. Solow's interest gradually changed to macroeconomics. For almost 40 years, Solow and Paul Samuelson worked together on many landmark theories: von Neumann growth theory (1953), theory of capital (1956), linear programming (1958) and the Phillips curve (1960).

1956

Solow's model of economic growth, often known as the Solow–Swan neo-classical growth model as the model was independently discovered by Trevor W. Swan and published in "The Economic Record" in 1956, allows the determinants of economic growth to be separated into increases in inputs (labour and capital) and technical progress. The reason these models are called "exogenous" growth models is the saving rate is taken to be exogenously given. Subsequent work derives savings behavior from an inter-temporal utility-maximizing framework. Using his model, Solow (1957) calculated that about four-fifths of the growth in US output per worker was attributable to technical progress.

1961

In 1961 he won the American Economic Association's John Bates Clark Award, given to the best economist under age forty. In 1979 he served as president of that association. In 1987, he won the Nobel Prize for his analysis of economic growth and in 1999, he received the National Medal of Science. In 2011, he received an honorary degree in Doctor of Science from Tufts University.

Family Members

# Name Relationship Net Worth Salary Age Occupation
#1 Barbara Lewis Spouse N/A N/A N/A

🎂 Upcoming Birthday

Currently, Robert Solow is 98 years, 5 months and 14 days old. Robert Solow will celebrate 99th birthday on a Wednesday 23rd of August 2023. Below we countdown to Robert Solow upcoming birthday.

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