Lee M. Lockwood
Curriculum Vitae
Last updated: 2026-05-25
Professor, Department of Economics, University of Virginia
248 McCormick Road, Charlottesville, VA 22903
leelockwood@virginia.edu · 434-326-0919
Employment
2023–present — Professor, University of Virginia Department of Economics
2020–2023 — Associate Professor, University of Virginia Department of Economics
2017–2018 — Arch W. Shaw National Fellow, Hoover Institution, Stanford University
2017–2020 — Assistant Professor, University of Virginia Department of Economics
2016–2018 — Visiting Fellow, Stanford Institute for Economic Policy Research
2012–2017 — Assistant Professor, Northwestern University Department of Economics
2010–2012 — Postdoctoral Fellow in Aging and Health Economics, National Bureau of Economic Research
Professional Activities
2020–present — Research Associate, National Bureau of Economic Research (Aging)
2025–present — Faculty Co-Director, EconTAI
2024–present — Member of the Board of Editors, American Economic Journal: Economic Policy
2024–present — Member, CEPR Research and Policy Network in AI
2026–present — Faculty Advisor, UVA AI Security Initiative (VAISI)
2021–present — Fellow, TIAA Institute
2021–2024 — Associate Editor, Journal of Political Economy
2012–2020 — Faculty Research Fellow, National Bureau of Economic Research (Aging)
Education
2004–2010 — PhD, Economics, University of Chicago
2003–2004 — MSc, Economics, London School of Economics
1999–2003 — BS, Industrial Engineering and Economics, Northwestern University
Honors
2019 — TIAA Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security (for “Incidental Bequests and the Choice to Self-Insure Late-Life Risks”)
Artificial Intelligence
Work in Progress
Economic Analysis of AI Safety Policies
(Draft coming soon.)
Publications
Public Finance in the Age of AI: A Primer
With Anton Korinek
In The Economics of Transformative AI, NBER Volume, 2025
Other Publications
The Future of Tax Policy: A Public Finance Framework for the Age of AI
With Anton Korinek
Brookings Institution, 2026
Preserving Fiscal Stability in the Age of Transformative AI
With Anton Korinek
The Digitalist Papers, Volume 2, 2025
Invited Presentations
Selected, 2023–present
2026 — University of Toronto; Virginia Commonwealth University
2025 — Brookings Institution; NBER Economics of Transformative AI; University of Manchester; University of Maryland
2024 — University of Illinois at Chicago; University of Western Ontario; Yale University
2023 — Clemson University; Harvard University; Purdue University; Stanford University
Public Engagement
Selected presentations, workshops, and policy engagements
2026 — “Labor market impacts of AI and policy implications,” UVA School of Data Science; “Research and Engagement in the Age of AI,” UVA Arts & Sciences AI Retreat; “The economics of AI safety,” Virginia AI Security Initiative; “AI in Primary Care,” Edward W. Hook Recent Advances in Clinical Medicine Conference; “Public finance and career planning in the age of AI,” UVA Economics Club; Invited participant, What If We Succeed? Workshop on the Economics of Transformative AI, Pacific Grove, CA; Invited participant, Windfall Trust Economic Scenarios for Transformative AI Workshop, Washington DC
2025 — Invited participant, Windfall Trust Economic Scenarios for Transformative AI workshop, San Francisco
Selected Media Coverage
Public Finance in the Age of AI: A Primer (with Anton Korinek) — Featured by Anthropic, The Guardian, and Marginal Revolution
Beyond Health: Non-Health Risk and the Value of Disability Insurance (with Manasi Deshpande) — Featured by Microeconomic Insights, Becker Friedman Institute for Economics, and Washington Center for Equitable Growth
Government Old-Age Support and Labor Supply (with Daniel Fetter) — Featured in the NBER Digest, as the AEA Chart of the Week, and by the Institute for Policy Research, Cato Research Briefs in Economic Policy, and Cato Policy Report
Targeting with In-Kind Transfers: Evidence from Medicaid Home Care (with Ethan Lieber) — Featured in Public Finance and Public Policy (Jonathan Gruber) and by the American Economic Association
Teaching
Awards
2023 — Outstanding Undergraduate Teaching Award, UVA Economics Department
2015 — Associated Student Government Faculty Honor Roll, Northwestern University
Courses
2012–present — Public Economics, PhD level (University of Virginia and Northwestern University)
2012–present — Public Economics, advanced undergraduate (University of Virginia and Northwestern University)
2022–2023 — Seminar in Policy Analysis, advanced undergraduate (University of Virginia)
PhD Advising
Chair
Marcella Cartledge, 2026
Sasha Ruby, 2025
Co-Chair
Tommy Willingham, 2026
Committee Member
Peter Anderson, 2026
Anderson Frailey, 2025
Hisham Patel, 2025
Lichen Wang, 2023
Tyler Ludwig, 2023
Brennan Williams, 2022
Paul Mohnen, 2018
Ofer Cohen, 2015
Professional Service
Refereeing (Selected)
American Economic Review; American Economic Review: Insights; American Economic Journal: Economic Policy; Econometrica; Journal of Health Economics; Journal of Political Economy; Journal of Public Economics; Quarterly Journal of Economics; Review of Economic Studies; Review of Economics and Statistics; National Science Foundation.
Refereeing Awards
Excellence in Refereeing Award, American Economic Review: Insights (2019, 2022, 2023)
Excellence in Reviewing Award, American Economic Journal: Economic Policy (2019–2020)
Outstanding Reviewer Award, Journal of the Economics of Ageing (2018)
Excellence in Refereeing Award, American Economic Review (2014)
Committee Service
2026 — Selection Committee Member, NBER Summer Institute Public Economics Meeting
2024 — Co-organizer, 21st Annual Southeastern Health Economics Study Group Conference
2021–2023 — Selection Committee Member, TIAA Paul A. Samuelson Award
2021–2022 — Selection Committee Member, NBER Post-doc on Economics of an Aging Workforce
Social Insurance & Economics of Aging
Refereed Journal Publications
Health Insurance and Consumption Risk
Accepted, Review of Economics and Statistics, 2025
Beyond Health: Non-Health Risk and the Value of Disability Insurance
With Manasi Deshpande
Econometrica, 90(4): 1781–1810, 2022
Targeting with In-Kind Transfers: Evidence from Medicaid Home Care
With Ethan Lieber
American Economic Review, 109(4): 1461–1485, 2019
Incidental Bequests and the Choice to Self-Insure Late-Life Risks
American Economic Review, 108(9): 2513–2550, 2018
Government Old-Age Support and Labor Supply: Evidence from the Old Age Assistance Program
With Daniel Fetter
American Economic Review, 108(8): 2174–2211, 2018
Bequest Motives and the Annuity Puzzle
Review of Economic Dynamics, 15(2): 226–243, 2012
Working Papers
Long-Run Intergenerational Effects of Social Security
With Daniel Fetter and Paul Mohnen, 2024
Renting Hedges Wage Risk
With Lorenz Kueng and Pinchuan Ong, 2024
Other Publications
Geographic Variation in Health Care: The Role of Private Markets
With Tomas Philipson, Seth Seabury, Darius Lakdawalla, and Dana Goldman
Brookings Papers on Economic Activity, 325–361, 2010
Perspective piece on “One size fits all? Drawdown structures in Australia and The Netherlands”
Journal of the Economics of Ageing, 2018