Lisa Barrow. Economic Research Federal Reserve Bank of Chicago Phone: (312) S. La Salle St. Fax: (312)

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Lisa Barrow June 2017 Economic Research Federal Reserve Bank of Chicago Phone: (312) 322-5073 230 S. La Salle St. Fax: (312) 322-2357 Chicago, IL 60604 lbarrow@frbchi.org EDUCATION Princeton University Ph.D. in Economics, January 1999. M.A. in Economics, November 1995. Carleton College B.A. magna cum laude and distinction in Economics, June 1991. POSITIONS HELD Senior Economist and Research Advisor, Federal Reserve Bank of Chicago (February 2014-present). Senior Economist, Federal Reserve Bank of Chicago (May 2003-February 2014). Research Fellow, Chapin Hall at the University of Chicago (April 2011-January 2012). Lecturer, The Irving B. Harris Graduate School of Public Policy Studies, University of Chicago, Spring 2004. Economist, Federal Reserve Bank of Chicago (September 1998-April 2003). Visiting Assistant Professor, School of Industrial and Labor Relations, Cornell University (September 2001-June 2002). FELLOWSHIPS AND HONORS FIELDS National Science Foundation Graduate Fellowship, Fall 1994-Spring 1997. Department of Economics Graduate Prize, Fall 1994-Spring 1997. Department of Economics Graduate Fellowship, Fall 1993-Spring 1994. Minnesota Economic Association Student Paper Competition Winner, 1991. Phi Beta Kappa, 1991. A. M. Harrison Prize in Economics, Carleton College, 1991. Economics of Education Public Finance Labor

PUBLICATIONS Financial Incentives and Educational Investment: The Impact of Performance-Based Scholarships on Student Time Use (with Cecilia E. Rouse). Education Finance and Policy (forthcoming). Supporting Young English Learners in the United States (with Lisa Markman-Pithers). The Future of Children, 26 no. 2 (Fall 2016): 159-183. Is College a Worthwhile Investment? (with Ofer Malamud). Annual Review of Economics, 7 (August 2015): 519-555. The Impact of Chicago s Small High School Initiative (with Diane Whitmore Schanzenbach and Amy Claessens). Journal of Urban Economics, 87 (May 2015): 100-113. Paying for Performance: The Education Impacts of a Community College Scholarship Program for Low-income Adults (with Lashawn Richburg-Hayes, Cecilia E. Rouse, and Thomas Brock). Journal of Labor Economics, 32 no. 3 (July 2014): 563-599. Postsecondary Education in the United States: Introducing the Issue (with Thomas Brock and Cecilia Elena Rouse). The Future of Children, 23 no.1 (Spring 2013): 3-16. Education and the Poor (with Diane Whitmore Schanzenbach). In ed. Philip N. Jefferson, Oxford Handbook of the Economics of Poverty, Oxford: Oxford University Press, 2012. Technology s Edge: The Educational Benefits of Computerized Algebra Instruction (with Lisa Markman and Cecilia E. Rouse). American Economic Journal: Economic Policy, 1 no. 1 (February 2009): 52-74. School Vouchers and Student Achievement: Recent Evidence, Remaining Questions (with Cecilia E. Rouse). Annual Review of Economics, 1 (January 2009): 17-42. Rewarding Persistence: Effects of a Performance-Based Scholarship Program for Low- Income Parents (with Lashawn Richburg-Hayes, Thomas Brock, Allen LeBlanc, Christina Paxson, and Cecilia Elena Rouse). MDRC Report for the Opening Doors Project. (January 2009). Causality, Causality, Causality: The View of Education Inputs and Outputs from Economics (with Cecilia E. Rouse). The State of Education Policy Research, Susan Fuhrman, David Cohen, and Fritz Mosher, editors. Mahway, New Jersey: Lawrence Erlbaum Associates, Inc., 2007.

Lisa Barrow, Page 3 PUBLICATIONS (cont.) Teachers and Student Achievement in the Chicago Public High Schools, (with Daniel Aaronson and William Sander). Journal of Labor Economics, 25, iss. 1 (January 2007): 95-135. Private School Location and Neighborhood Characteristics. Economics of Education Review, 25 no. 6 (December 2006): 633-45. Our Elementary and Secondary Schools: Equalizing Opportunity or Replicating the Status Quo? (with Cecilia Rouse). The Future of Children, 16 no. 2 (Fall 2006): 99-124. Does College Still Pay? (with Cecilia E. Rouse). The Economists Voice, 2(4), Article 3. (2005) http://www.bepress.com/ev/vol2/iss4/art3 Reprinted in Joseph E. Stiglitz, Aaron S. Edlin, and J. Bradford DeLong, eds., The Economists Voice: Top Economists Take on Today s Problems New York: Columbia University Press, 2008. Do Returns to Schooling Differ by Race and Ethnicity? (with Cecilia E. Rouse), American Economic Review, 95 no. 2 (May 2005): 83-87. Implications of Changes in Men s and Women s Labor Force Participation for Real Compensation Growth and Inflation? (with Katharine Anderson and Kristin Butcher), Topics in Economic Analysis and Policy, 5(1), Article 7. (2005) http://www.bepress.com/bejeap/topics/vol5/iss1/art7/ Using Market Valuation to Assess Public School Spending (with Cecilia E. Rouse). Journal of Public Economics, 88 no. 9-10 (August 2004): 1749-1771. School Choice Through Relocation: Evidence from the Washington, D.C. Area. Journal of Public Economics, 86, no. 2 (November 2002): 155-189. The Effects of the Earned Income Tax Credit on the Seasonality of Expenditures Among Low-Income Households (with Leslie McGranahan). National Tax Journal, 53 no. 4 (Part 2) (December 2000): 1211-1243. An Analysis of Women s Return-to-Work Decisions Following First Birth. Economic Inquiry, 37 no. 3 (July 1999): 432-451. Cointegration, (with J. Campos, N.R. Ericsson, D.F. Hendry, H.-A. Tran, and Wm. Veloce), in Encyclopedia of Business Cycles, David Glasner editor (New York: Garland Publishing, 1997).

Lisa Barrow, Page 4 CHICAGO FED PUBLICATIONS The Expansion of High School Choice in Chicago Public Schools (with Lauren Sartain). Economic Perspectives, forthcoming. The Upside of Down: Postsecondary Enrollment in the Great Recession (with Jonathan Davis). Economic Perspectives, 36, Fourth Quarter, 2012: 117-129. Explaining the recent decline in the unemployment rate Chicago Fed Letter, No. 287, 2011. School Vouchers: Recent Findings and Unanswered Questions (with Cecilia E. Rouse). Economic Perspectives, 32(3), Third Quarter, 2008: 2-16. The Changing Value of Education (with Cecilia E. Rouse) Chicago Fed Letter, No. 237, 2007. The Economic Value of Education by Race and Ethnicity. (with Cecilia E. Rouse) Economic Perspectives, 30(2), Second Quarter, 2006. Is the Official Unemployment Rate Misleading?: A Look at Labor Market Statistics over the Business Cycle Economic Perspectives, 28(2), Second Quarter, 2004. Private School Location and Neighborhood Characteristics. Economic Perspectives, 25(3), Third Quarter 2001: 13-30. Child Care Costs and the Return-to-Work Decisions of New Mothers. Economic Perspectives, 23(4), Fourth Quarter 1999: 42-55. UNPUBLISHED PAPERS The Role of Selective High Schools in Equalizing Educational Outcomes: Heterogeneous Effects by Neighborhood Socioeconomic Status (with Lauren Sartain and Marisa de la Torre). Federal Reserve Bank of Chicago Working Paper WP-2016-17. National Board Certification as Professional Development: An Empirical Study of the National Board for Professional Teaching Standards Process (with Linda Cavalluzzo, Stephen Henderson, Christine Mokher, Thomas Geraghty, and Lauren Sartain). Assessing the Impacts on Students of Closing Persistently Failing Schools (with Kyung- Hong Park and Diane Whitmore Schanzenbach).

Lisa Barrow, Page 5 UNPUBLISHED PAPERS, cont. Not Working: Demographic Changes, Policy Changes, and the Distribution of Weeks (Not) Worked (with Kristin Butcher). Federal Reserve Bank of Chicago Working Paper WP-2004-23. WORK IN PROGRESS The Impact of Dual-Language Instruction on Child Outcomes (with Lisa Markman- Pithers, Cecilia E. Rouse, and Erin Bumgarner) Teacher Human Capital Development and the Rewards of National Board Certification (with Lauren Sartain) PROFESSIONAL EXPERIENCE Editor: Economic Perspectives (Federal Reserve Bank of Chicago), Fall 2009 Spring 2011, and Spring 2014 Spring 2016. Lecturer, Woodrow Wilson School of Public and International Affairs. Fall 97-Spring 98. Teaching Assistant, Prof. Angus Deaton, Econometrics and Public Policy. Spring 98. Teaching Assistant, Professor Alan Krueger, Advanced Quantitative Analysis. Fall 97. Assistant to Coeditor, David Card, Econometrica. July 1996-June 1997. Research Assistant to Professor Anne Case, Princeton University. Summer 1995. Tutor, Department of Economics, Princeton University. Graduate microeconomic theory. Summer 1995. Graduate probability and statistics. Fall 1994 Research Assistant to Professors David Card and Alan Krueger, Princeton University. Summer 1994. Research Assistant, Federal Reserve System Board of Governors, Washington, D.C. Financial Structure Section. June 1992-June 1993. Trade and Financial Studies Section. August 1991-May 1992. Research Assistant, Department of Economics, Carleton College. Summer 1990. Research Assistant, Office of Institutional Research, Carleton College. Summer 1989.

Lisa Barrow, Page 6 OTHER ACTIVITIES Local School Council member, Abraham Lincoln Elementary School, July 2014-present. Mentor for Committee on the Status of Women in the Economics Profession (CSWEP) CeMENT Workshop, January 2010 and January 2017. Advisor for Illinois Mathematics and Science Academy Student Inquiry and Research (SIR) investigation, 2008-09. Member of the Board, CSWEP, 2003-2005. Economic Impact Study of the Early Care and Education Industry in Illinois, Advisory Committee Member, Chicago Metropolis 2020, 2004. Math, Science, and Technology Advisory Committee Member, Young Women s Leadership Charter School of Chicago, 1999-2001. Member: American Economic Association, CSWEP, Society of Labor Economists Referee: American Economic Journal: Applied Economics; American Economic Journal: Economic Policy; American Economic Review; The B.E. Journal of Economic Analysis and Policy; Demography; Economic Inquiry; The Economic Journal; Economics of Education Review; Education Finance and Policy; Educational Evaluation and Policy Analysis; Journal of Human Resources; Industrial and Labor Relations Review; Institute of Education Sciences grant proposals; Journal of Human Capital; Journal of Labor Economics; Labour Economics; Journal of Policy Analysis and Management; Journal of Political Economy; Journal of Population Economics; Journal of Public Economics; Journal of Urban Economics; National Academy of Sciences; National Science Foundation grant proposals; National Tax Journal; Quarterly Journal of Economics; Quarterly Review of Economics and Finance; Review of Economics and Statistics; Southern Economic Journal; and Smith Richardson and Spencer Foundation grant proposals.