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Economics and finance

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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...
In the Media

Shaefer on why Child Tax Credit program will work

Jul 19, 2021 The New York Times
Last week, the first installment of the expanded Child Tax Credit program dropped into bank accounts. Many experts, including Luke Shaefer, Hermann and Amalie Kohn Professor of Social Justice and Social Policy and inaugural director of Poverty...
In the Media

Hausman ponders U.S. inflation

Jul 15, 2021 The New York Times
As Japan's economy sputters and amid worries in the U.S. about inflation, an article in The New York Times wonders if low inflation is a quagmire. Ford School economics associate professor Joshua Hausman wonders if the Fed can intervene to avoid...
In the Media

Shaefer salutes arrival of first expanded child tax credit funds

Jul 13, 2021 WXYZ Detroit
Checks for the recently expanded child tax credit program will be sent out this week. Luke Shaefer, the Hermann and Amalie Kohn Professor of Social Justice and Social Policy, associate dean for research and policy engagement, and director of Poverty...
In the Media

Wolfers comments on work-from-home productivity

Jul 12, 2021 The Sydney Morning Herald
As the world adjusts to what life will look like as the pandemic ebbs, one key question is whether the work-from-home trend will continue. Justin Wolfers, professor of public policy and economics, said that workers are more productive at home,...
In the Media

Shaefer breaks down impact of expanded Child Tax Credit

Jul 11, 2021 The Detroit News
Government officials are currently trying to spread the word about the recently expanded Child Tax Credit program so that it can reach the maximum number of eligible people. Luke Shaefer, associate dean for research and policy engagement and...
News

Stevenson marks the 'Age of (Re)Discovery'

Jul 11, 2021
As economists realize that the world has entered a new economic era, Foreign Policy asked 13 economists to name and identify this new era. Among them was Betsey Stevenson, Ford School professor of public policy and economics. She named the new era...
In the Media

Young describes changing relationship between work and technology

Jul 11, 2021 WDIV Local 4
The pandemic has left many anxious about what the future of work looks like. Alford Young, courtesy faculty at the Ford School, Arthur F. Thurnau Professor in the Department of Sociology and a professor of African and African American studies,...
In the Media

Pandemic has changed employer perceptions, says Stevenson

Jul 8, 2021 Marketplace
Since the pandemic forced many workers to take an employment break, Betsey Stevenson, professor of public policy and economics, says that employers may have more understanding when it comes to gaps in resumes and the benefits of workplace...
In the Media

Stevenson explains 'double-whammy' for low-income households

Jul 6, 2021 CNN Business
Lower-income students are already more likely to be behind in school than their higher-income peers, but the COVID-19 pandemic worsened that gap. Betsey Stevenson, professor of public policy and economics, explained how the pandemic hit lower-income...
In the Media

Dynarski testifies on tax reform

Jun 30, 2021 Inside Higher Ed
On Tuesday, Susan Dynarski, professor of public policy, education and economics, testified before the House Ways and Means Committee on how current tax benefits aren't reaching the students they are meant to help. “The education tax benefits...
News

Applying academic skills to real-world business challenges

Jun 29, 2021
Small businesses in Detroit, as across the country, have had to make major adjustments to survive the COVID-19 pandemic economic downturn. A cadre of students from U-M have been able to work with many of these businesses through an internship...
In the Media

Stevenson tackles history of tax cuts

Jun 28, 2021 Rear Vision
The ongoing American debate about tax cuts for the rich has been raging since the 1980's. Betsey Stevenson, professor of public policy and economics, explained where the idea of supply-side, or "trickle-down" economics originated. "This was an...
News

Raimi maps U.S. energy economy in new report

Jun 28, 2021
How will actions taken towards preventing climate change affect communities that rely on a fossil fuel economy? In a recent report titled "Mapping the US Energy Economy to Inform Transition Planning," Daniel Raimi, Ford School lecturer and fellow at...
News

Stevenson addresses child care in Senate committee testimony

Jun 24, 2021
The importance of access to child care in the economic recovery was emphasized by Ford School economics professor Betsey Stevenson in testimony before the U.S. Senate Banking, Housing, and Urban Affairs on Wednesday, June 23. "The choices you...
In the Media

Wolfers debunks labor shortage with Don Lemon

Jun 22, 2021 CNN's Don Lemon Tonight
Justin Wolfers, professor of public policy and economics, sat down on CNN's Don Lemon Tonight to discuss the labor shortage that most believe the U.S. is currently experiencing. Wolfers had a different opinion. "I want to be careful about calling...
News

Stevenson considers how COVID-19 pandemic has changed daily lives

Jun 21, 2021
With COVID-19 restrictions being lifted across the country, what does the "other side" of the pandemic look like? Many realize that everything will not revert to pre-pandemic "normal." Betsey Stevenson, professor of public policy and economics, has...
In the Media

Cooney breaks down Whitmer's labor force revival plan

Jun 15, 2021 WXYZ Detroit
In order to get more people back into the labor force, Governor Gretchen Whitmer recently proposed the idea of paying people who go back to work. Patrick Cooney, assistant director of economic mobility at Poverty Solutions, explained that...
News

Shaefer fields continuing media interest in COVID stimulus study

Jun 10, 2021
Following the release of his study crunching numbers from the U.S Census Bureau's Household Pulse Data, Luke Shaefer, the Hermann and Amalie Kohn Professor of Social Justice and Social Policy, associate dean for research and policy engagement, and...
In the Media

Wolfers analyzes Bitcoin drop

Jun 9, 2021 CryptoBrowser
After falling 10 percent in just 24 hours, a Bitcoin frenzy is underway. Justin Wolfers, professor of public policy and economics, explained how the government's increasing involvement in cryptocurrency affected the market. “News that the...
In the Media

Stevenson highlights 'returnships' for mothers

Jun 1, 2021 CNN Business
The pandemic has forced many working mothers to leave the workforce and instead care for their children at home. The issue as the world opens back up: how can those women return to the workforce. "Returnships", or programs that offer training,...
In the Media

Harris analyses digital dollars

May 23, 2021 St Louis Post-Dispatch
With technology becoming more and more prevalent in our daily lives, the Federal Reserve has started researching the potential of digital dollars. Adrienne Harris, professor of practice at the Ford School, gave some insight on how different...
News

Invest in innovation — Owen-Smith

May 23, 2021
In a recent op-ed for The Hill, Jason Owen-Smith, professor of public policy and director of the Institute for Research on Innovation and Science, calls for federal investment in leading research universities in order to promote growth and...
In the Media

Cooney comments on minimum wage debate

May 19, 2021 WXYZ Detroit
McDonald's workers are striking for better wages all across the country, including in Michigan. Many argue against a higher minimum wage, saying that it would cause job loss. Patrick Cooney, assistant director of economic mobility at U-M Poverty...
In the Media

Stevenson comments on UN economist gender gap

May 17, 2021 Foreign Policy
After an internal memo from the U.N. Conference on Trade and Development (UNCTAD) came to light, a debate about the U.N.'s hiring practices arose. The memo asked for managers to drop a requirement for a doctorate degree, in order to be able to hire...