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A native of New York, George Shultz graduated from Princeton University in 1942. After serving in the Marine Corps (1942-45), he earned a Ph.D. in industrial economics at MIT. Mr. Shultz taught at MIT and the University of Chicago Graduate School of Business, where he became dean in 1962. He was appointed Secretary of Labor in 1969, Director of the Office of Management and Budget in 1970, and Secretary of the Treasury in 1972. From 1974 to 1982, he was President of Bechtel Group, Inc. Mr. Shultz served as Chairman of the President’s Economic Policy Advisory Board (1981-82) and Secretary of State (1982-89). He is chairman of the J.P. Morgan Chase International Council, Advisory Council Chairman of the Precourt Institute for Energy Efficiency at Stanford University, Chairman of the MIT Energy Initiative External Advisory Board, and Chairman of the Energy Task Force at Hoover Institution. Since 1989, he has been a Distinguished Fellow at the Hoover Institution, Stanford University.
John B. Shoven is the Wallace R. Hawley Director of the Stanford Institute for Economic Policy Research and the Charles R. Schwab Professor of Economics at Stanford. He is also a Senior Fellow at the Hoover Institution and a Research Associate of the National Bureau of Economic Research. He specializes in public finance and corporate finance and has published on Social Security, corporate and personal taxation, mutual funds, pension plans, economic demography and applied general equilibrium economics. His books include The Real Deal: The History and Future of Social Security, Yale University Press, 1999 and The Evolving Pension System, Brookings Institution Press, 2005. His most recent book is co-authored with Secretary George Shultz deals with both Social Security and health care reform in the U.S. (Putting Our House in Order: A Guide to Social Security and Health Care Reform, W.W. Norton, 2008). He also recently published a research paper on new ways of measuring age ("New Age Thinking: Alternative Ways of Measuring Age, Their Relationship to Labor Force Participation, Government Policies and GDP," NBER Working Paper No. 13476. October 2007). His journal publications appear in such places as the American Economic Review, Journal of Economic Perspectives, and the Journal of Public Economics. In total, he has published more than one hundred professional articles and twenty books.
Professor Shoven is a Fellow of the American Academy of Arts and Sciences, a recipient of the Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security, and an award winning teacher at Stanford. He received his Ph.D. in Economics from Yale University in 1973 and has been associated with Stanford ever since. He was Dean of Humanities and Sciences from 1993 to 1998. He is Chairman of the Board of Board of Cadence Design Systems and serves on the boards of American Century Funds and Exponent, Inc.
Moderator:
Alicia Chung, Consultant, Corporate Research Group, manages the competitive market analysis consulting projects for CRG. She is the co-author of ROI and Outcomes of Wellness Initiatives, Best Practices of On-Site Employee Health Clinics, and The Consumer-Driven Healthcare Revolution: Myth or Reality?. Before joining the CRG team, Alicia served as a pharmacy contracting and compliance analyst for IMS Health. Her work includes research and consulting on rebate and pricing methodologies related to Medicare and Medicaid, training and development of disease management programs, and various public health data management projects. She holds a Master's Degree in public health from Tufts University.
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