Economics and finance | Gerald R. Ford School of Public Policy
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In the Media

Raising aspirations for poor entrepreneurs may backfire - Yang

Sep 21, 2021 VoxDev
Can setting larger, more ambitious goals and financial self-help books aid poor entrepreneurs in decision-making? In a new study, Dean Yang, professor of economics and public policy, and Aakash Mohpal, a U-M PhD alum, found that the two variables...
Dean Yang
In the Media

Vaccine mandate good for business, says Wolfers

Sep 17, 2021 NBC News
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...
Justin Wolfers
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...
Weill Hall
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......
Betsey Stevenson
In the Media

Baer considers long-term challenges for downtown businesses

Sep 14, 2021 AP News
According to Christie Baer, assistant executive director for the University of Michigan's Center on Finance, Law and Policy, downtown businesses face a big decision as the pandemic continues. "Businesses that thought that they just had to weather...
Detroit photo
In the Media

Raimi describes hardships of renewables transition

Sep 8, 2021 Casper Star Tribune
The transition towards renewable energy is necessary, but that doesn't mean it comes without hardships. In Wyoming, where the fossil fuel industry has thrived for many years, the state must find a new area for revenue according to Daniel Raimi,...
Headshot of Daniel Raimi
In the Media

'The virus is the economy' - Wolfers

Sep 3, 2021 Fox Business News
After a few months of economic recovery, the delta variant is slowing down the economy yet again. "Today's dreadful jobs report - which basically put the recovery on ice for a while - is yet another reminder that the virus is the economy," Justin...
Justin Wolfers
News

Stevenson predicts employment changes ahead

Sep 3, 2021
Change is inevitable when it comes to the COVID-19 pandemic. Rising infection rates have caused an otherwise recovering economy to slow, and Betsey Stevenson predicts there may be more change ahead. “I think we are going to see some of the great...
Betsey Stevenson
In the Media

Cooney sees impact of expanded child tax credit

Sep 3, 2021 The Detroit News
The federal COVID-19 unemployment benefits are ending, but the expanded child tax credit plan was rolled out in July. After those first deposits, the U.S. Census Bureau reported a decline in food insecurity. "It’s heartening to see that expanded...
Pat Cooney headshot
In the Media

Yang on remittance disruptions in Afghanistan

Sep 2, 2021 Wall Street Journal
As the Taliban regained control of Afghanistan it became more and more disconnected from global financial systems, cutting off ways Afghans living abroad send money home. Dean Yang, who studies the role of remittances in developing countries...
Dean Yang
In the Media

Stevenson's insight on ending unemployment benefits

Sep 1, 2021 CNBC
This weekend, millions of Americans will lose their federal unemployment benefits. Betsey Stevenson, professor of public policy and economics, says that lawmakers need to consider employment effects, like decreases in spending. "People need the...
Betsey Stevenson
In the Media

Study paints grim picture for homeless Detroit students

Aug 24, 2021 Detroit Free Press
A new analysis released by Poverty Solutions paints a grim picture about homeless students in Detroit. It shows that they are more likely to miss school on a regular basis, less likely to graduate, suspended or expelled at higher rates than other...
Jennifer Erb-Downward
In the Media

Workers playing musical chairs, says Stevenson

Aug 23, 2021 NPR
While employers are finding it difficult to find workers, economist Betsey Stevenson told NPR she is not concerned. “There is just more churn than normal,” says Stevenson. “It’s like a giant game of musical chairs, and it’s taking everyone longer...
Betsey Stevenson
In the Media

Farley explains decrease in Michigan population

Aug 16, 2021 Michigan Radio
The state of Michigan has again seen a population decrease following the release of the 2020 census, resulting in a loss of another congressional district. Reynolds Farley, research scientist at the Population Studies Center and a lecturer at the...
Census Form 2020
In the Media

'A traumatically impacted economy' -Stevenson

Aug 16, 2021 Newsweek Mexico
The economy has "been traumatically impacted" from the pandemic, says Betsey Stevenson. "I don't think it would have been possible to imagine something like this, a situation in which people simply had to stop going to work for their own health...
Photo of Betsey Stevenson leading a class
In the Media

Hausman breaks down how the EU's carbon border tax will work on NPR

Aug 11, 2021 NPR Here & Now
The world watches as the European Union implements a carbon border tax, wondering if it will help cut down global carbon emissions. Catherine Hausman, associate professor of public policy, discusses the leakage problem, charging for pollution, and...
Catherine Hausman
In the Media

More older workers exiting the labor market, says Stevenson

Aug 10, 2021 Bloomberg
The U.S. labor force continues to evolve as the economy recovers from the COVID-19 pandemic. Betsey Stevenson, professor of public policy and economics, explained how and why it has transformed in a recent Bloomberg interview. "We saw labor force...
Betsey Stevenson
News

What's next in a post-pandemic economy? - Stevenson

Aug 3, 2021
As the economy and world attempts to return to normal with the help of the COVID-19 vaccine, a new normal -- from social norms to remote work -- is emerging. Betsey Stevenson, professor of public policy and economics, recently spoke with Project...
Betsey Stevenson
In the Media

Hausman comments on Olympic host nation spending

Aug 1, 2021 MoneyTransfers.com
The spotlight on the Tokyo Olympics has again raised the debate of whether the enormous amounts spent to host them actually give a return to the host nation economy. Ford School professor Josh Hausman said the effect on a country's GDP can depend on...
Joshua Hausman
In the Media

Stevenson insists not to be afraid of inflation

Jul 29, 2021 Marketplace
With inflation running higher than it ever has in a decade, some Americans are worried about the effects it could have on the economy. But Betsey Stevenson, professor of public policy and economics, says not to worry. "People think that inflation...
Betsey Stevenson
In the Media

Stevenson explains boom in low-wage labor demand

Jul 20, 2021 The New York Times
As the economy recovers from the COVID-19 pandemic, demand for low-wage labor has spiked, and along with it, wages. Betsey Stevenson, professor of public policy and economics, laid out exactly what is happening in the economy. “What’s happening...
Betsey Stevenson