holds the E.N. Basha Arizona Heritage Endowed Chair in Finance and Economics at Arizona State University,
and is a Research Associate of the NBER. His research interests focus
on capital markets, asset pricing and growth theory. His current research
is concerned with the financial implications of privatizing the Social
Security Trust Fund and with the influence of bequests on the pricing
of financial assets. He has published in Econometrica, Review of Economic Studies, Journal of Monetary Economics, Journal
of Economic Dynamics and Control, The Financial Analysts Journal, Annals of Finance and
other journals. His work has been featured in The Financial Times,
The Economist and in Business Week. He has been awarded a Graham and
Dodd scroll for excellence in financial writing by the Association
for Investment Management and Research.
He holds a B.Tech. in electrical engineering from the Indian Institute
of Technology, Kanpur, an M.S. in computer science from Rice University,
an M.S. in industrial administration and a Ph.D. in finance from the
Graduate School of Industrial Administration, Carnegie-Mellon University.