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COVID-19 recession

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In the Media

Wolfers provides analysis, expectations for post-pandemic economy

Apr 22, 2021 NBC News
“Much of the gain of economic growth over recent decades has gone to capital rather than labor, and to the highly paid, rather than a broader group of workers,” Wolfers said. “A strong economy — and worker shortages — could help rebalance somewhat,...
In the Media

Stevenson discusses drop in labor force participation amongst women

Apr 15, 2021 DPTV
As part of a Detroit Public TV special segment on the brutal economic effect of the COVID-19 recession on women, Betsey Stevenson discusses the precipitous drop in female labor force participation over the last year — a shocking 57% drop, to the...
In the Media

Cooney and Shaefer: Pandemic shows government matters

Apr 4, 2021 Bridge Michigan
Patrick Cooney and Luke Shaefer write an opinion for Bridge Michigan. "While a lot of people are hurting right now, we have also found the data tell a pretty simple story: when government acts to buffer families by stabilizing their finances,...
News

Panel explores disproportionate impact of pandemic on women

Mar 30, 2021
In recognition of Women’s History Month, and one year since the World Health Organization declared COVID-19 a pandemic, University of Michigan faculty have shared diverse insights and expertise on how the pandemic has disproportionately impacted...
In the Media

Stevenson: Pandemic raises questions about inequality

Mar 21, 2021 Bloomberg News
“We’re going to get some gains coming out of this pandemic, but we want to make sure that those gains are more evenly shared, and that we’re supporting workers at the bottom and not just workers at the top," said Betsey Stevenson, also noting the...
In the Media

Barr discusses "The COVID Economy" in podcast

Feb 28, 2021 Burn Bag
Barr discuss the challenges of rebuilding the global economy post-COVID-19, attracting foreign direct investment to the United States, the Robinhood debacle and securities regulation, repeating mistakes from the 2007/08 financial crisis, the risks...
In the Media

Stevenson comments on recession's "triple punch" for women

Jan 12, 2021 CNN
Stevenson tells CNN the impact of the pandemic is a triple punch for women. "They're just disproportionately likely to hold the kinds of jobs we needed to send people home from," said Stevenson. "Women do a lot of caring jobs, in-person jobs....
In the Media

Stevenson's insight on the "shecession" highlighted

Dec 10, 2020 PBS NewsHour
"We lost jobs in retail, and leisure and hospitality, and health care services. And those are all jobs where women hold the majority of the jobs, and they actually got the majority of the layoffs," Stevenson says. "I think it's amplifying the...
State & Hill

The Last Word: Lantz on COVID-19 policy

Dec 9, 2020
Paula Lantz, associate dean for academic affairs and the James B. Hudak Professor of Health Policy, is a social epidemiologist. She talks with S&H about COVID, inequality, and what’s to come. State & Hill: We are 10 months into the global...
In the Media

Stevenson worries about shrinking labor force

Dec 4, 2020 The Wall Street Journal
“If we don’t get all the workers back, we can never have a V-shaped recovery,” said Stevenson. “Everybody should be worried about making sure that we don’t leave workers...
In the Media

Wolfers says people need pandemic relief grants

Dec 2, 2020 NPR Marketplace
Grants should go to people, said Wolfers.  “Unlike previous recessions, we should really design the package around income support for the millions of people who are either without work or on incredibly reduced hours,” he said. You can read and...
In the Media

Stevenson explains why pandemic is forcing women out of workforce

Oct 23, 2020 The New Yorker
"The pandemic has impacted women differently from men in multiple ways. At the beginning, we really had a gendered shutdown, and that was because many of the industries that laid people off were industries where women were the majority of...
In the Media

Stevenson highlights the pandemic's disproportionate toll on moms

Oct 16, 2020 New York Times
“The drop in female labor-force participation was quite dismal and not surprising with the return back to school not happening,” said Betsey Stevenson. Read the full New York Times article on school re-openings in the pandemic...
In the Media

Shaefer on the success of the CARES Act

Oct 15, 2020 New York Times
“It wasn’t perfect, but hands down it’s the most successful thing we’ve ever done in negating hardship,” said H. Luke Shaefer. Read the full New York Times article...
In the Media

Stevenson on the untapped potential of the labor force

Oct 12, 2020 Bloomberg
"I think there’s actually a lot of room for us to do things better, faster, cheaper. That’s where our growth comes from and I’m always an optimist that we can do it," said Stevenson. "I also think that we have a lot of untapped potential in people....