Daniel Aaronson
Daniel Aaronson

Adjunct Professor of Managerial Economics & Decision Sciences

Print Overview

Daniel Aaronson is a Vice President and Economic Advisor at the Federal Reserve Bank of Chicago. He also serves as head of the Microeconomic Studies Group within the research department at the Chicago Fed. He received his B.A from Washington University and his PhD from Northwestern.

Aaronson’s research focuses on issues related to labor markets and education. Some of his recent projects have looked at quantifying the competitiveness of low wage labor markets, the effect of income shocks on the spending behavior of low wage households, the impact of a very large educational intervention on Black-White skill convergence in the early 20th century, and the impact of the current baby boomer retirements on the elementary and secondary school teacher labor market. He has previously taught in the Public Administration program at the University of Illinois, Chicago.

Print Vita
Ph.D., 1996, Northwestern University
B.A., 1989, Washington University in St. Louis, Magna Cum Laude

Other Professional Experience
Vice President, Federal Reserve Bank of Chicago, 2008-present
Director of Microeconomic Studies, Federal Reserve Bank of Chicago, 2007-present
Economic Advisor, Federal Reserve Bank of Chicago, 2002-present
Senior Economist, Federal Reserve Bank of Chicago, 1999-2002
Economist, Federal Reserve Bank of Chicago, 1996-1999

Print Research
Mazumder, Bhashkar, Daniel Aaronson and Fabian Lange. Forthcoming. Fertility Transitions Along the Extensive and Intensive Margins. American Economic Review.
Mazumder, Bhashkar and Daniel Aaronson. 2011. The Impact of Rosenwald Schools on Black Achievement. Journal of Political Economy. 119(5): 821-888.
Mazumder, Bhashkar and Daniel Aaronson. 2008. Intergenerational Economic Mobility in the US: 1940 to 2000. Journal of Human Resources. 43(1): 139-172.

Print Teaching
Full-Time / Evening & Weekend MBA
Microeconomic Analysis (MECN-430-0)
1Ys: This course is either waived during the admissions process or completed during the Summer term. Among the topics this core course addresses are economic analysis and optimal decisions, consumer choice and the demand for products, production functions and cost curves, market structures and strategic interactions, and pricing and non-price concepts. Cases and problems are used to understand economic tools and their potential for solving real-world problems.

Executive MBA
Economics of Competition (MECNX-441-0)
Economics of Competition prepares students to diagnose the determinants of an industry’s structure and formulate rational, competitive strategies for coping with that structure.