Job Title
Professor of Economics
Stephen J. Schmidt
Office Location
Lippman Hall
Ph.D., Stanford University
A.B., Stanford University


Curriculum Vitae

I have been a professor of economics at Union College since 1994, after completing my Ph.D. in economics at Stanford University.

My research interests include the economics of education, especially education finance, and the normative evaluation of economic outcomes and policies. I’ve done some work in transportation policy as well. I have published articles in American Economic Review (Papers & Proceedings), Journal of Public Economics, Contemporary Economic Policy, Economics of Education Review, Journal of Higher Education, Restoration Ecology, Journal of Economic Education, Journal of Transport Economics and Policy, International Journal of Industrial Organization, and others. 

I am currently chair of the Social Sciences Division, which means I go to way too many meetings, and the College’s Director of Assessment, which means I read a lot of reports that are interesting to me but might not be to you. Assessment at Union College

I am not the same person as my colleague Shelton S. Schmidt, though people do confuse us alarmingly often. I am not the same person as any of my other colleagues either, but I don’t get mixed up with them nearly as often, even the ones I write papers with.

If you miss my test page on bananas, then you’re a very special person, and it’s still available here.

Just a little bit of personal information here: I read military history, I study Jewish religious texts, sometimes I do things with Union Hillel and Chabad, I row crew, I fence. I raise my three kids together with my wife Alexandra, although we’ve gotten one launched off to college and one more going next year. If you would like to know more than that, you have many options for contacting me above.

Research interests

Professor Schmidt’s research is primarily in applied microeconometrics and the economics of education, with some interests in environmental policy economics as well. He teaches a variety of courses in econometrics, introductory microeconomics, game theory, economics of education. He also teaches an interdisciplinary class on normative economics. Recent publications have appeared in Journal of Public Economics, Education Finance and Policy, Economics of Education Review, Restoration Ecology, and Journal of Economic Education.


I teach courses in econometrics, game theory, the economics of education, and normative economics, as well as the College’s first-year preceptorial, and I supervise senior theses. Click on the Teaching link above for more information about my teaching.