Bachelor of Science Massachusetts Institute of Technology, Cambridge, Mass., USA 1969. Master of Arts, Doctor of Philosophy University Chicago, 1971, 1974.
Economics, General Electric
Tempo, Center Advanced Studies, Washington, District of Columbia, 1973-1975. Senior Economics, Manager, Antitrust Economics Consulting Group, SRI International, Menlo Park, California, 1975, 1981-1983. Visiting Association Professor, University Santa Clara, California, 1982-1983.
Economics, Federal Reserve Bank San Francisco, San Francisco, California, since 1983. Editorial Board, International Program Population Analysis, (Smithsonian Institute, Institution).
Gary Becker at the University of Chicago introduced me to the application of economics to the analysis of nonmarket behaviour. My early research applied this approach to the analysis of marriage and fertility. This approach also proved to be useful in many areas of demographic economics, including problems in economic development and the relationship between demographics and development.
This research culminated in my book, Population, Public Policy. Later, my work at SRI International turned to the analysis of the effects of an experimental negative income tax (NTT) programme on labour supply, fertility, migration and divorce. This research was among the first to exploit the exogenous variations in budget constraints caused by the experimental NIT programme to estimate effects on a variety of behaviour.
Much of this research on labour supply is summarised in my book, Labor Supply and Public Policy. My research interests then turned to regulation and antitrust and I have worked on such issues as price-fixing, price discrimination, analysis of the competitive effects of mergers, and various competitive aspects of vertical integration. This work was performed as a consultant to various law firms.
Most recently I have been studying the regulation (and deregulation) of the financial sector.