including the Social Security Advisory Council Technical Panel on Assumptions and Methods and the Medicare Technical Review Advisory Panel. He received a B.A., summa cum laude, from Harvard College and a Ph.D. in economics from the Massachusetts Institute of Technology.

Nancy Folbre is a professor in the Department of Economics at the University of Massachusetts and an associate editor of Feminist Economics at Amherst. Her work explores the interface between feminist theory and political economy, with a particular focus on caring labor and other forms of nonmarket work. Her research overlaps the fields of economic history, development, and social and family policy. She is the author of Who Pays for the Kids? Gender and the Structures of Constraint (Routledge, 1994) and The Invisible Heart: Economics and Family Values (New Press, 2001) and recently coedited a book with Michael Bittman, Family Work: The Social Organization of Care (Routledge, 1994). She received B.S. and M.A. degrees from the University of Texas and a Ph.D. in economics from the University of Massachusetts.

Barbara Fraumeni is chief economist at the Bureau of Economic Analysis. Previously, she was a professor of economics at Northeastern University, and she was also a research fellow of the Program on Technology and Economic Policy at the John F. Kennedy School of Government at Harvard University. Her areas of expertise and research interests include measurement issues and national income accounting; human and nonhuman capital, productivity, and economic growth; market and nonmarket accounts; investment in education, research, and development; and measurement of highway capital stock and the real output of government by function. She is a coauthor of Productivity and U.S. Economic Growth with Dale W. Jorgenson and Frank M. Gollop. She received a B.A. from Wellesley College and a Ph.D. from Boston College.

Robert E. Hall is the McNeil joint senior fellow at the Hoover Institution and a professor in the economics department, both at Stanford University. His research interests are in the behavior of the aggregate American economy, including the labor market, investment, and the stock market. He serves as director of the research program on economic fluctuations and growth of the National Bureau of Economic Research. He is a member of the National Academy of Sciences and a fellow of the American Academy of Arts and Sciences and of the Econometric Society. He received a B.A. from the University of California, Berkeley, and a Ph.D. from the Massachusetts Institute of Technology.

Daniel S. Hamermesh is Edward Everett Hale Centennial professor of economics at the University of Texas at Austin. He has taught at Princeton University and Michigan State University and has held visiting professorships at universities in the United States, Europe, Australia, and Asia. He is a fellow of the Econometric

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