Bachelor in Economics, National Taiwan University, 1951. Master of Arts, University Michigan, 1957. Doctor of Philosophy in Economics, University Michigan, 1962.
Assistant professor economics University Rochester, 1960-1962, University Michigan, 1962-1965. Visiting assistant professor economics University California, Berkeley, 1965-1966. Assistant professor economics University Wisconsin, Madison, 1966-1967, associate professor, 1967-1969, professor, since 1969.
Married Jessica Chung-yee Chen, February 18, 1956. Children– Tonia Chao, Connie Chao.