Richard A. Stepp Professor of Economics
Senior Fellow, Stanford Institute for Economic Policy Research
Professor of Economics (by courtesy), School of Humanities and Sciences

Academic Positions

Professional Service

  • Co-editor, American Economic Review, 2005-2008

Government Service

  • Director, Bureau of Economics, Federal Trade Commission, 1998-2001


  • Board of Directors, American Century Investments, Mountain View.



  • Fellow of the Econometric Society
  • Research Associate, National Bureau of Economic Research, 1984-present
  • Alfred P. Sloan Fellow, 1984–1986
  • Center for the Study of the Economy and the State, 1985
  • Research Fellow, National Bureau of Economic Research, 1979–1984
  • Hoover National Fellow, 1982–1983
  • NSF Fellow, 1975–1978