Policy Topics

Economics and finance

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News

Stevenson reflects on the repercussions of COVID-19

Nov 4, 2021

Betsy Stevenson observed key economic indicators and the continuing effects of COVID-19 this week. At Wednesday’s CNBC Workforce Executive Council Summit, she said, “People seem to be fed up and leaving work...There are a lot of different things...

News

Jenna Bednar featured in new documentary film

Nov 1, 2021

A new award-winning documentary film, “Solutions,” made its U.S. debut at the United Nations Association Film Festival on October 31. Jenna Bednar, professor of public policy and political science, is one of 20 experts featured to "examine the...

News

Stevenson evaluates labor market and encourages social spending for long-term recovery

Oct 29, 2021

This week, Betsey Stevenson helped make sense of the data coming from national jobs reports and unemployment numbers. "The percentage of Americans employed fell off a cliff in the early pandemic. We’re now 75 percent of the way back up that...

In the Media

Stevenson optimistic in the face of inflation worries

Oct 27, 2021 Colloquy

In the face of rising inflation and sub-par job growth, Ford School professor Betsey Stevenson is optimistic that the U.S. economy can recover the from the recession and chaos caused by the COVID-19 pandemic. She told the podcast Colloquy,...

Publication

Michigan local government leaders report lingering impacts from COVID-19 pandemic, improvements overall from the start of the crisis

Oct 27, 2021

Local leaders from across the state have reported lingering effects of the COVID-19 pandemic, according to a new report, and worsening outlooks for how much longer some of those impacts will last. While the numbers of local communities reporting on...

News

Stevenson on why the economy is waiting for workers

Oct 20, 2021

As the economy recovers, workers are holding out for better compensation and benefits. “It’s like the whole country is in some kind of union renegotiation,” Betsey Stevenson told the New York Times. “I don’t know who’s going to win in this...

Publication

Latino Michiganders: Key findings from U-M Poverty Solutions

Oct 15, 2021

ANN ARBOR—As National Hispanic Heritage Month, which celebrates the culture and contributions of Latinos in the U.S., comes to a close, Poverty Solutions at the University of Michigan highlights key data from its research that relates to Latinos...

News

Stevenson breaks down September jobs report

Oct 14, 2021

The September jobs report did not reveal things that economists, including Betsey Stevenson, were hoping to see. "If you look at this report, it’s very clear that it’s delta that’s holding it back. We saw the highest number of people working...

In the Media

Stevenson dissects September Jobs Report

Oct 8, 2021 Moody's Talks

Today, Betsey Stevenson, professor of public policy and economics, appeared on Moody's Talks: Inside Economics to discuss the September jobs report. "If you turn to the employment report, it wasn’t that stark, but you still see the same pattern....

Publication

Child Tax Credit providing critical help, but not reaching more than 1 in 10 eligible families

Oct 6, 2021

In March, Congress expanded the Child Tax Credit (CTC) to provide low- and middle-income families with monthly payments of $300 per child under 6 and $250 per child ages 6-17. The expanded CTC is already estimated to have reduced child poverty by...

News

John Leahy elected as an Econometric Society Fellow

Oct 5, 2021

This fall, John Leahy was elected as one of 51 new fellows to the Econometric Society, an international society for the advancement of economic theory and its relationship to statistics and mathematics. Leahy was nominated by his peers, and is only...

News

Stevenson debates the debt ceiling, weighs in on financial literacy education

Oct 5, 2021

As Congress continued to debate the debt ceiling this week, Betsey Stevenson weighed in. "I want to clarify that the debt ceiling fight is not a fight over how much debt we should have. When we debate how much we're going to spend and how much...

Publication

Michelmore and Pilkauskas find EITC boosts employment, with decreasing impact as children age

Oct 4, 2021

Existing research has largely overlooked the variation in maternal employment effects of the Earned Income Tax Credit (EITC) depending on the age of their children. In a new study, Katherine Michelmore and Natasha Pilkauskas, both associate...

Natasha Pilkauskas and Katherine Michelmore

In the Media

Axelrod discusses strategy, real-world implications of game theory

Oct 4, 2021 Freakonomics podcast

Robert Axelrod, William D. Hamilton Distinguished University Professor Emeritus, recently broke down game theory strategy on the People I (Mostly) Admire podcast with Freakonomics author Steven Levitt. He explains how game theory and the prisoner's...

Publication

Michigan local economies still struggling with the pandemic effects

Sep 29, 2021

Michigan's local economies are still struggling with the effects of the COVID-19 pandemic but at a much lower rate than at the start of the crisis in spring 2020, according to a University of Michigan statewide survey of local government...

Two post-it notes on a business' front door, reading "Sorry we're closed" and "COVID-19"

In the Media

Psaki mentions Wolfers in press briefing

Sep 29, 2021 The White House

In a recent press briefing, White House Press Secretary Jen Psaki quoted Justin Wolfers, in regards to the Biden administration's recent vaccine and testing mandate for companies. "Viewing Biden’s vaccine mandate as simply economic policy, it’s...

News

Stevenson on pandemic effects and opportunities

Some of America's top business executives met with President Biden on Wednesday to discuss the new vaccine and testing mandate for large businesses. Justin Wolfers, professor of public policy and economics, explained why executive support for the...

In the Media

Johnson criticizes poverty data during pandemic

Sep 15, 2021 Bloomberg Equality

During the pandemic, median real income dropped 2.9%, signaling a rise in poverty. But, according to David Johnson, director of the Panel Study of Income Dynamics and professor of public policy, "the data shows that the official poverty measure is...

In the Media

Stevenson and Wolfers among economists who sent childcare letter to Dems

Sep 15, 2021 Business Insider

Betsey Stevenson and Justin Wolfers, both professors of public policy and economics, were among the 127 economists demanding Democrats in Congress to invest in quality childcare. "Childcare is an economic problem," Stevenson said. "It is part of...

In the Media

Stevenson discusses trade-off of ending unemployment benefits

Sep 14, 2021 Stateside

Millions have lost a source of income with the federal pandemic unemployment benefits ending. Betsey Stevenson, professor of public policy and economics, says that while some people will return to work, not all will. "I do not think that......