Department of Economics
Northwestern University
Andersen Hall, G-202
2003 Sheridan Road
Evanston, IL 60208
(708) 491-8218/5140
Fax: (708)491-7001

Born September 26, 1953
Married with 2 children


Yale University, B.A., Economics (cum laude with departmental honors), May 1975
Yale University, M.A., Economics, May 1975
Princeton University, (1976-1980), Ph.D., Economics, June 1981



    Consultant, Federal Reserve Bank of Chicago, July 1996-present
    Senior Fellow, NCI Research, 1989-1995
    Consultant, Center for Naval Analysis, April 1987-December 1987


Labor Economics, Macroeconomics, Applied Econometrics


    Fellow of the Econometric Society, 1997-
    Who's Who in Economics, 3rd Edition
    Harry Johnson Prize, Canadian Economics Association, 1991.


  1. "The Effects of Labor Market Experience, Job Seniority and Mobility on Wage Growth" (with Nicolas Williams), forthcoming in Research in Labor Economics

  2. "Parental Altruism and Intervivos Transfers: Theory and Evidence" (with Fumio Hayashi and L. Kotlikoff), Revised September 1996. Forthcoming, Journal of Political Economy December 1997

  3. "The Effects of Family Characteristics on the Return to Education" (with Thomas Dunn), Review of Economics and Statistics , (November 1996): 692-704

  4. "Using Siblings to Estimate the Effects of School Quality on Wages" (with Thomas Dunn). Review of Economics and Statistics. (November 1996): 665-671.

  5. "Small Sample Bias in GMM Estimation of Covariance Structures" (with Lewis Segal)) Journal of Business and Economic Statistics. Vol 14 No. 3 (July 1996): 353-366.

  6. "Employer Learning and the Signalling Value of Education" (with Charles Pierret). Forthcoming in I. Ohashi and T. Tachibanaki editors, Employment Adjustment, Incentives and Internal Labour Market, McMillan Publishing Co.

  7. "Risk Sharing Between and Within Families (with Fumio Hayashi and Laurence Kotlikoff, Hayashi is first author.) Econometrica, 64 No. 2 (March 1996): 261-294.

  8. "The Effects of High School Curriculum on Education and Labor Market Outcomes," Journal of Human Resources, 30(3) (Summer 1995): 410-438.

  9. "The Demand for and Return to Education When Education Outcomes are Uncertainty", Journal of Labor Economics, 11 No 1(1) (January 1993):48-83.

  10. "Using Wage Growth Models to Estimate the Returns to Experience, Seniority and Mobility Wage Growth" (with Nicolas Williams), in Labour Demand and Equilibrium Wage Formation, North Holland, (1993): 327-355.

  11. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data" (with Fumio Hayashi and Laurence Kotlikoff), American Economic Review, 82 No 5 (December 1992): 1177-1198.

  12. "Labor Supply, Hours Constraints, and Job Mobility" (with Christina Paxson), Journal of Human Resources. 27 No. 2 (Spring 1992): 256-278.

  13. "Relationships Among the Family Incomes and Labor Market Outcomes of Relatives (with Thomas Dunn). Research in Labor Economics, 12 (1991): 269-310.

  14. "Worker Characteristics, Job Characteristics, and the Receipt of On-the-Job Training", (with James Spletzer). Industrial and Labor Relations Review, 45(1) (October 1991): 58-79. (To be reprinted in O. Ashenfelter and R. LaLonde, editor, The Economics of Training, Edward Elgar Publishing Ltd.)

  15. "The Effects of Immigration on the Labor Market Outcomes of Less-Skilled Natives (with David Card), in John Abowd and Richard Freeman (eds.), Immigration, Trade, and the Labor Market, University of Chicago Press (1991): 201-234.

  16. "Intertemporal Substitution, Exogeneity and Surprises: Estimating Life-Cycle Models for Canada" (with J. Ham), Canadian Journal of Economics, XXIII No 1 (February 1990): 1-43.

  17. "Variation in Employment Growth in Canada: The Role of External, National, Regional and Industrial Factors" (with J. Ham), Journal of Labor Economics, Vol 8 (January 1990): S198-S236.

  18. "Labor Supply Preferences, Hours Constraints, and Hours-Wage Tradeoffs" (with C. Paxson), in Journal of Labor Economics, Vol. 6, No. 2 (April 1988): 254-276.

  19. "'Unions and Job Security in the Public Sector': Comment," in R. Freeman and C. Ichniowksi (eds.), Public Sector Unionism, University of Chicago Press, Chicago, IL (1988).

  20. "Testing the Response of Consumption to Changes in Income Using (Noisy) Panel Data" (with A. Siow), Quarterly Journal of Economics (May 1987): 293-328.

  21. "Do Wages Rise With Job Seniority?" (with R. Shakotko), Review of Economic Studies, Vol. LIV (3) No. 179 (July 1987): 437-460. Reprinted in O. Ashenfelter and K. Hallock, eds., Labor Economics , Vol III) Edward Algar (1995).

  22. "`Econometric Approaches to the Specification of Life-Cycle Labour Supply and Commodity Demand Behavior': Comment," Econometric Reviews, Vol 5, No. 1 (1986): 147-151.

  23. "Job Characteristics and Hours of Work" (with C. Paxson), Research in Labor Economics, Vol. 8, Part A (1986): 1-55.

  24. "The Collective Impact of Sectoral Shocks on Aggregate Employment Fluctuations" (with J. Ham), in P. Chinloy and E. Stromsdorfer (eds.), Labor Market Adjustments in the Pacific Basin, Kluwer-Nijhoff, Boston (1986): 161-202.

  25. "Intertemporal Substitution in Labor Supply: Evidence from Micro Data," December 1984, Journal of Political Economy, Vol. 94, No. 3, Part 2 (June 1986): S176-S215. Reprinted in O. Ashenfelter and K. Hallock, eds., Labor Economics , Vol I, Edward Algar (1995)

  26. "`Efficiency Wage Models: A Partial Evaluation': Comment," in Stanley Fisher (ed.), NBER Macroeconomics Annual, MIT Press, Cambridge, MA (1986): 276-284.

  27. "The Intertemporal Substitution Model of Labor Market Fluctuations: An Empirical Analysis," Review of Economic Studies, Vol. 59(5), No. 159 (1982): 783-824. Reprinted in C. A. Greenhalgh, P. R. G. Layard, and A. J. Oswald (eds.), The Causes of Unemployment, Oxford University Press, Oxford (1983): 105-147.

  28. "Wage Movements and the Labor Market Equilibrium Hypothesis" (with O. Ashenfelter), Economica (August 1980): 1-29.

  29. "Effects on Motor-Carrier Operations of ICC Regulation of Operating Authority" (with W. B. Tye, P. O. Roberts, and J. T. Kneafsey), Transportation Research Board, Transportation Research Record, 635 (1977): 1-6.

  30. "Estimating Misallocation of Traffic Between Rail and Truck Transport," Transportation Research Forum, (1976): 378-387.


  1. "Panel Data Estimators for Nonseparable Models with Endogenous Regressors". (with Rosa Matzkin) mimeo. May 1997

  2. "Employer Learning and Statistical Discrimination" (with Charles R. Pierret) revised March 1997

  3. "Do Wages Rise with Job Seniority? A Reassessment" (with Nicholas Williams). mimeo, revised May 1997. Submitted to American Economic Review

  4. "An Intergenerational Model of Wages, Hours, and Earnings" (with Thomas Dunn), (revised November 1994). Under revision for resubmission to Journal of Human Resources at the request of the editor.

  5. "Controlling for Personal Characteristics, School and Community Characteristics, and High School Curriculum in Estimating the Return to Education," mimeo (revised December 1993),

  6. "The Effects of Earnings and Wealth on Time and Money Transfers between Parents and Children" (with F. Hayashi and L. Kotlikoff) mimeo (March 1992), revised September 1995. Presented at the Seminar on Intergenerational Economic Relations and Demographic Chagne, East-West Center, Honolulu, Hawai, September 1995. A revised version will be published in a conference volume.

  7. "The Effects of Family Background and School Characteristics on Education and Labor Market Outcomes," mimeo (December 1988).

  8. "Dynamic Factor Models of Consumption, Hours, and Income" (with A. Martins and A. Siow), mimeo, (December 1986).

  9. "Choice of Instruments in the Errors in Variables Approach to Estimating Rational Expectations Models" (August 1983).

  10. "Does the Labor Market Clear? A Test Based on Alternative Expectations Assumptions in the Intertemporal Substitution Framework," Columbia University Economics Discussion Paper No. 110 (September 1981).


  1. "Location, School Choice, and the Effects of Catholic Schools" (with Christopher Taber and Daniel Aaronson)

  2. "Is There Nominal Wage Rigidity? Evidence from Panel Data." (with Paul Devereux)

  3. "Estimating Derivatives in Nonseparable Models with Limited Dependent Variables", (with Hidehiko Ichimura)"

  4. "Race and Gender in the Labor Market" (with Rebecca Blank)