 He received the Kershaw Prize, Mahalanobis Prize, and IZA Prize (with David Card), and was a fellow of the American Academy of Arts and Sciences, Society of Labor Economists, Econometric Society and American Academy of Political and Social Science.He was a member of the Executive and Supervisory Committee (ESC) of CERGE-EI, an academic institution located in Prague, Czech Republic.On March 7, 2009, he was nominated by President Barack Obama to be Assistant Secretary of the Treasury for Economic Policy.