Bachelor of Arts Michigan-Dearborn, 1965. Doctor of Philosophy, University Chicago, 1972.
Programmer analyst Ford Motor Company, Dearborn, Michigan, 1965-1967. Systems analyst General Electric Company, Detroit, 1967-1968. Senior economist Federal Reserve Board, Washington, 1972-1978.
Senior vice president Federal Reserve Bank Minneapolis, 1978-1979. Vice president Goldman Sachs and Company, New York City, 1979-1982. Managing director, chief economist Morgan Stanley and Company, since 1982.
Member American Economic Association, National Association Business Economists.
Married Carol Ann Jones, September 1, 1962. Children– Susan, John, Andrew, Sharon.