Department of Economics
University of Virginia
248 McCormick Rd
Charlottesville, VA 22903
Tel: 434-326-0919
UVa profile page


Lee Lockwood is an Assistant Professor of Economics at the University of Virginia Department of Economics and a Faculty Research Fellow at the National Bureau of Economic Research (NBER). His main research fields are public finance and labor economics, with a special interest in the effects of government social insurance programs on behavior and welfare.

Professor Lockwood holds a PhD in economics from the University of Chicago, an MSc in economics from the London School of Economics, and a BS in industrial engineering and economics from Northwestern University. He was previously an assistant professor of economics at Northwestern and a postdoctoral fellow in health and aging at the NBER.



Published and Forthcoming Articles

Targeting with In-Kind Transfers: Evidence from Medicaid Home Care
September 2018 (with Ethan Lieber)
Forthcoming, American Economic Review
NBER working paper #24267

Incidental Bequests and the Choice to Self-Insure Late-Life Risks
September 2018
American Economic Review, 108(9): 2513-2550.
NBER working paper #20745

Government Old-Age Support and Labor Supply: Evidence from the Old Age Assistance Program
August 2018 (with Daniel Fetter)
American Economic Review, 108(8): 2174-2211.
Featured in the NBER Digest, in the NBER Reporter, as the AEA Chart of the Week, and by the Institute for Policy Research
NBER working paper #22132

Bequest Motives and the Annuity Puzzle
April 2012
Review of Economic Dynamics, 15(2): 226-243.

Geographic Variation in Health Care: The Role of Private Markets.
Spring 2010 (with Tomas Philipson, Seth Seabury, Darius Lakdawalla, and Dana Goldman)
Brookings Papers on Economic Activity, 325-361.

Selected Work in Progress

The Risk of Owning vs. Renting Housing in Spatial Equilibrium
(with Scott Baker, Lorenz Kueng, and Pinchuan Ong)

The Intergenerational Incidence of Government Old-Age Support: Evidence from the Early Social Security Era
(with Daniel Fetter and Paul Mohnen)


Faculty Honor Roll, Northwestern Associated Student Government, 2015

ECON 4310 Economics of the Public Sector (advanced undergraduate)

ECON 8320 Public Economics II (graduate)