Aaron Strong

Aaron Strong

Senior Economist; Professor of Policy Analysis, Pardee RAND Graduate School

Aaron Strong is an economist at RAND and a professor of policy analysis at Pardee RAND Graduate School. Through his training in environmental and natural resource economics, he has focused on developing models to estimate the impact of disasters and disaster recovery on economies, a framework for estimating the value of the resilience dividend, a landscape survey of decision support tools for flood risk mitigation, estimating the impact of oil and natural gas prices on development and extraction, and estimating the value of natural capital in a western rangeland. He has used his work on computable general equilibrium models to help Puerto Rico and US Virgin Islands estimate future prices stemming from recovery efforts. In addition to the environmental work, he has estimated the macroeconomic impact of a variety of different policies and programs including: land loss in Louisiana, changes to workers' compensation in California, Medicaid expansion, and changes to regulations for oil and gas refineries in California. Currently, his interest is centered on better understanding the financial landscape for resilience and sustainability investments and how to crowd in private sector investments.  Strong earned a Ph.D. in economics from the University of Colorado, Boulder. Previously, he held faculty positions at the University of Iowa and the University of Wyoming. In addition, he had post-docs with the G8 Legacy Chair in Wildlife Ecology at the University of Calgary and the Center for Environmental Economics and Sustainability Policy at Arizona State University.


Ph.D. in economics, University of Colorado; M.A. in economics, University of Colorado; M.S. in applied mathematics, University of Colorado; B.A. in mathematics, Luther College

Selected Work

  • Aaron Strong, Tedeja Gracner, Peggy Chen and Kandice Kapinos, "On the Value of the Umbilical Cord Blood Supply", Value in Health
  • Prier, Shannon, Aaron Strong, and Jonathan W. Welburn, Interdependence Across the National Critical Functions, RAND Corporation (WR-A210-1), 2023
  • Karoly, Lynn, Aaron Strong and Christopher Doss, Vermont Early Care and Education Financing Study, (RR-2213-1), 2023
  • Welburn, Jonathan W and Aaron Strong, "Systemic Cyber Risk and Aggregate Impacts," Risk Analysis, 42(8), 2022
  • Bond, Craig A., Aaron Strong, Nicholas E. Burger, Sarah Weilant, Uzaib Saya, and Anita Chandra, Resilience Dividend Valuation Model: Framework Development and Initial Case Studies, RAND Corporation (RR-2129-RF), 2017
  • Barnes, Stephen R.; Bond, Craig; Burger, Nicholas; Anania, Kate; Strong, Aaron; Weilant, Sarah; and Virgets, Stephanie, "Economic Evaluation of Coastal Land Loss in Louisiana," Journal of Ocean and Coastal Economcis, 4(1), 2017
  • Eric Tate, Aaron Strong, Travis Kraus, and Haoyi Xiong, "Flood Recovery and Property Acquisition in Cedar Rapids, Iowa," Natural Hazards, 80(3), 2016
  • Aaron Strong and Christopher Goemans, "Quantity Uncertainty and Demand: The Case of Water Smart Reader Ownership,," B.E. Journal of Policy Analysis and Economcis, 14(3), 2014

Authored by Aaron Strong

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