In his new book, The Once and Future Worker, Manhattan Institute scholar Oren Cass challenges our basic assumptions about what prosperity means and where it comes from.
The massive dollar amounts associated with student loan debt and the impact on individuals and the financial stability of the overall economy has attracted the attention of journalists, economists, and average Americans. There are, however, several myths associated with these eye-popping numbers, and Susan Dynarski, Professor of public policy, education and economics will discuss a few of these myths in our January Blue Bag Lunch Talk.
For example, in a recent paper for Brookings, "The Trouble with Student Loans? Low Earnings, Not High Debt," Professor Dynarski debunks the popular notion that more student debt leads to higher student loan default rates.
In fact, research shows that default rates are highest among individuals with smaller loan balances. Students borrowing under $5,000 default at a rate of 34 percent, compared to 18 percent for those borrowing more than $100,000.
Among policy proposals advocated by Professor Dynarski to address the student loan crisis is to automatically enroll borrowers who are late on payments in income-based repayment, or adjust loan payments each pay period, similar to the current income-tax withholding system.
This will be a presentation of two large-scale field experiments designed to test the hypothesis that group membership can increase participation and pro-social lending for an online crowdlending community, Kiva. The first experiment uses variations on a simple email manipulation to encourage Kiva members to join a lending team, testing which types of team recommendation emails are most likely to get members to join teams as well as the subsequent impact on lending. We find that emails do increase the likelihood that a lender joins a team, and that joining a team increases lending in a short window following our intervention. The impact on lending is large relative to median lender lifetime loans. We also find that lenders are more likely to join teams recommended based on location similarity rather than team status. Our results suggest team recommendations can be an effective behavioral mechanism to increase pro-social lending. In a second field experiment, we manipulate forum messages to explore the underlying mechanisms for teams to be effective.
Sports remains a fascination to millions of Americans but also presents a great range of challenging public policy issues at both the professional and collegiate levels. Please join us for a candid conversation about "Sports in America" with former Los Angeles Dodger General Manager Ned Colletti.
This panel of three experts examines the psychological, political, and legal impact of the policy on the families, policy makers, and public opinions, asking the question of what's at stake.
The rebirth of Detroit is dependent on a multitude of factors including issues related to urban infrastructure, the revitalization of neighborhoods, and beyond. Critical to this rebirth is investment in the city. For the city administration, this investment means being able to collect sufficient tax revenues to turn on streetlights, police neighborhoods, replace infrastructure, and finance other projects. Unfortunately, one consequence of the challenges faced by the city has been a culture of non-payment of the taxes owed. Over the last three years, the Master of Accounting students at the Ross School of Business have worked closely with the city to help address these non-payment issues. This talk will describe the projects the students have worked on, the benefits to both the city and to the students, and the work that still needs to be done. We will be joined by the city’s Director of Audit and Compliance, Odell Bailey.
The Ford School’s Michigan Politics and Policy class (PubPol 475/750) will be joined by Chase Cantrell, Executive Director and Founder of Building Community Value for a discussion about the future of Detroit on Weds Oct 31, 2:30pm.
We have moved this class session to the larger Ford School Annenberg Auditorium (1120) so this lecture can be open to the public -- we hope to see you there!
Please join us for a special screening of Michigan Divided, a 48 minute documentary exploring political divisions in the state. A 30 minute interactive audience conversation will follow. The event is part of the Michigan Truth Tour provided by Bridge Magazine. Free and open to the public; RSVP here!
In this panel discussion, Michigan Engineering Professor J. Alex Halderman and LSA Professor Walter Mebane, an expert on detecting electoral fraud, address election security.
The panel will look at two initiatives on the November 2018 ballot: the Voters Not Politicians initiative to reform redistricting (Proposal 2), and the Promote the Vote initiative to expand voting and registration opportunities (Proposal 3).
Historically, public infrastructure systems such as roads, water utilities, and schools are financed using a combination of tax revenue, government and revenue-backed bonds. This system has repeatedly fallen short due to insufficient tax revenue and political aversion towards funding “social infrastructure”. Especially for schools, the access to quality infrastructure is highly correlated (in the US) to poverty, stemming from property values, credit worthiness and other factors. A recent bill (not passed) required a 1:6 leverage of federal with state and private finance, compared to 1:12 in Europe and 1:30 proposed under the Climate accords. Either infrastructure has not been built or upgraded, or private capital has stepped in the breach. At the Center for Smart Infrastructure Finance, we're asking whether data-driven models can close the gap by taking advantage of the internet of things (IoT): smart sensors that deliver information which can be monetized. This seminar will explore how private financing models that leverage digital data supply chains to attract 'efficient capital' (e.g. insurance, options trades, debt securities, variable interest rate bonds) can be adapted to financing public infrastructure while limiting recourse to the citizens that use it, and leveling the economic disparities of access.
Book Talks @ The Ford School,
CLOSUP Lecture Series
Barry Rabe discusses his book Can We Price Carbon? Moderated by John Milewski, Director of Digital Programming; Host and Managing Editor, Wilson Center NOW.
Conversations Across Differences,
Policy Talks @ the Ford School
WeListen hosts a conference for student leaders to work across political divides. Keynote discussion by William Kristol and Neera Tanden, hosted by Ford School dean Michael S. Barr.
Returning Ford School Master's students completing summer internship experiences will have the opportunity to reflect/and pitch their policy impact and skills gained during their summer internship experience to a panel of esteemed judges.
WCEE Lecture. Poland, the EU, and Illiberal DemocracyKrzysztof Śmiszek, Polish human rights lawyer, activist, and managing editor of The Anti-Discrimination Law Review
Michigan League Ballroom and Rackham Graduate School Amphitheatre
This workshop will be the first to take an in-depth look at basic income as a poverty alleviation strategy and spur the next generation of research on basic income studies.
Student panels will discuss the implications of their independent research projects on state and local environmental policy on issues including water, energy, climate change, and land use.This event showcases the work of Ford School BA students enrolled in a section of PubPol 495 that is part of the CLOSUP in the Classroom Initiative.