AB summa cum laude, Harvard University, Cambridge, Massachusetts, 1961. Master of Arts, Oxford University, 1964. Doctor of Philosophy, Oxford University, 1967.
Doctor of Laws (honorary), Rochester University, 1984. Doctor of Laws (honorary), Marquette University, Milwaukee, 1985. Doctor of Laws (honorary), Dartmouth College, 2008.
Research fellow Nuffield College, Oxford University, 1964—1965, official fellow, 1965—1967, lecturer public finance, 1965—1967. Assistant professor economics Harvard University, 1967—1968, associate professor, 1968—1969, professor, 1969—1984, George F. Baker professor economics, since 1984. President National Bureau Economic Research, Cambridge, 1977—1982, 1984—2008, president emeritus, since 2008.
Chairman Council Economic Advisers, Executive Office of President, Washington, 1982—1984. Board directors Eli Lilly & Company, since 2001. Member executive committee Trilateral Commission, Washington, since 1987, Group of Thirty, Washington, since 2003.
Member, president Foreign Intelligence Advisory Board, Washington, 2006—2009, Economic Recovery Advisory Board, since 2009. Member international advisory council J.P. Morgan. Trustee Council Foreign Relations, since 2000.
Quantitative studies in public economics, including tax, transfer and spending programmes. More specifically, the effects of these fiscal programmes on capital formation and employment. Studies of social insurance programmes (social security pensions, unemployment insurance, health insurance).
Analyses of the interaction between fiscal structure and macroeconomic policy. Studies of capital formation.
Fellow American Academy Arts and Sciences, Econometric Society (county 1977-1982), National Association Business Economists, American Philosophical Society, Nuffield College (honorary), British Academy (correspondent fellow). Member American Economics Association (John Bates Clark medal 1977, Executive Committee 1980-1982, vice president 1988), Corporation Massachusetts General Hospital, Austrian Academy Sciences (foreign), Institute Medicine National Academy Sciences, Council on Foreign Rels. (board directors since 1998), Trilateral Commission (Executive Committee since 1987), Phi Beta Kappa.
Married Kathleen Foley, June 19, 1965. Children— Margaret, Janet.