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Economics and finance

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News

Barr and Harris call for more inclusive payments systems

Oct 26, 2020
Ford School Dean Michael Barr and professor of practice Adrienne Harris say the technologies  of the “payments revolution,” which enable people to make payments and access bank accounts more easily, can also lead to greater financial...
Michael Barr and Adrienne Harris
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...
Betsey Stevenson
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...
Betsey Stevenson
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...
Luke Shaefer
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....
Betsey Stevenson
In the Media

Stange skeptical of national university system of online courses

Oct 7, 2020 Market Watch
“When you’re enrolling in college, you are buying some of my time,” Stange said. “If you put 1,000 people into a classroom and you buy a thousandth of my time, you’re going to get a lot less of that.” Kevin Stange is not sure a federal system...
Kevin Stange
In the Media

Wolfers on potential liability for irresponsible COVID-19 choices

Oct 6, 2020 Washington Post
"The purpose of liability law is to incentivize responsible behavior by making irresponsibility costly", said Wolfers. “We’d expect to see many more irresponsible choices being made by those taking the president’s comments to heart."  Read the...
Justin Wolfers
In the Media

Stevenson highlights COVID recession's stark impacts on Gen Z

Oct 2, 2020 Bloomberg Special Report
"What really matters is how long the recession lasts... I think there is already some damage to young people that is going to take them a decade to reverse," said Ford School economist Betsey Stevenson. "So, I think of that already as some permanent...
Betsey Stevenson
In the Media

Stevenson: Women's employment has fallen off a pandemic cliff

Sep 15, 2020 NPR Here and Now
“We had what you might even call a gendered shutdown. The kinds of industries that had to send people home, that shut down, disproportionately employed women," said Stevenson. "How long it takes women to recover is going to depend on the [childcare]...
Betsey Stevenson
In the Media

Stevenson testifies on the effects of fiscal relief inaction

Sep 11, 2020 Law 360
"One of the problems we've seen is that high-income households have really boosted their savings [with CARES Act funding]. And when you're saving, you're not spending and that's part of what's caused the economy to contract." Read the full Law...
Betsey Stevenson
News

Stevenson and Wolfers: "Think Like an Economist"

Aug 21, 2020
Betsey Stevenson and Justin Wolfers have launched a new podcast, called "Think Like an Economist." In a series of tweets on August 19, @JustinWolfers explained:   We’re calling it Think Like an Economist because we want to teach you to,...
Betsey Stevenson and Justin Wolfers
News

Did the U.S. economy shrink by 32.9 percent?

Aug 4, 2020
The devastating GDP numbers announced at the end of July—a decline of 9-and-a-half percent—are the worst in American history, according to Ford School economics professor Justin Wolfers. The way the numbers are reported, that at an annualized rate...
Justin Wolfers

Ford School economists comment on Federal response to COVID-19

Mar 27, 2020
A historic $2 trillion relief package has just been approved by Congress in response to the COVID-19 pandemic, and subsequent economic crisis. Professors Betsey Stevenson and Justin Wolfers have weighed in on the relief package and the economic...
Betsey Stevenson and Justin Wolfers