Daniel Aaronson
Daniel Aaronson

Adjunct Professor of Managerial Economics & Decision Sciences

Print Overview

Daniel Aaronson is a Vice President and Director of Microeconomic Studies at the Federal Reserve Bank of Chicago. He received his B.A from Washington University and his PhD from Northwestern. 

Aaronson's research interests are in labor economics and U.S. economic history.  Some of his recent research projects have looked at the varied ways that firms respond to changes in low-wage labor costs, how access to credit impacts urban development, how fertility impacts female labor supply decisions as countries get wealthier, and how a large educational intervention impacts skill accumulation, fertility, mobility, and health.  His research has been published in leading journals such as the American Economic Review, Journal of Political Economy, Review of Economics and Statistics, Economic Journal, Journal of Labor Economics, and Journal of Human Resources. 

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.