The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Ando, Albert K. (1929–2002)

  • Charles Yuji Horioka
Reference work entry


Albert K. Ando was an eminent Japanese-born American economist who made many seminal contributions in a broad range of areas of economics. Born in Tokyo, Japan, on 15 November 1929, Ando went to the United States after the Second World War instead of joining the family business (ANDO Corporation, a major construction company). He received his BS in economics from the University of Seattle in 1951, his MA in economics from St Louis University in 1953, an MS in economics in 1956 and a Ph.D. in mathematical economics in 1959 from Carnegie Institute of Technology (now Carnegie Mellon University). After teaching at Carnegie and the Massachusetts Institute of Technology, Ando moved to the University of Pennsylvania in 1963 and remained there until his death from leukaemia on 19 September 2002, first as an associate professor of economics and finance, and from 1967 as a professor of economics and finance.


Ando, A Life-cycle hypothesis of saving Modigliani, F Simon, H 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Charles Yuji Horioka
    • 1
  1. 1.