Economics and finance | Gerald R. Ford School of Public Policy
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News

Stevenson describes Biden report, current labor market

Mar 8, 2022
A new report from the Biden administration highlights how employer practices, including collusion and constraints on competiton, are limiting workers' choices and wages. Betsey Stevenson, professor of public policy and economics, explained the cause...
Photo of Betsey Stevenson leading a class
In the Media

Stevenson gives update on the labor market

Mar 6, 2022 Bloomberg
Betsey Stevenson, professor of public policy and economics, recently appeared on Bloomberg's "Balance of Power" to discuss the latest jobs report.  "We saw a lot of jobs added and we saw employment grow. So, across the board, this is a really...
Betsey Stevenson
In the Media

Wolfers warns against suspending the gas tax

Mar 6, 2022 The Economist
Gas prices have risen to record levels, and sanctions against Russia could force them higher. On Capitol Hill, suspending gas taxes has entered the conversation. But, Justin Wolfers, professor of public policy and economics, warns against...
Photo of Justin Wolfers
In the Media

Wolfers on job gains: Job market is "motoring"

Mar 4, 2022 MarketWatch
Ford School economics professor Justin Wolfers reacted to the strong March jobs report. “Very very strong payrolls report: +678k jobs in February, with unemployment edging down to 3.8%. Add in solid positive revisions that added a total of +92k...
Justin Wolfers
In the Media

Stevenson discusses popularity of paid family leave

Mar 3, 2022 Marketplace
Across the country, paid family leave policies are gaining more and more support. Betsey Stevenson, professor of public policy and economics, discussed why. “In a tight labor market, you see employers become quite creative in trying to think...
Betsey Stevenson
News

Hausman discusses market forces for clean energy outcomes

Mar 2, 2022
Serving as a panelist at a recent Environmental Defense Fund webinar, Catherine Hausman discussed how market designs can lead to clean energy outcomes. “In a world without the ideal carbon emissions regulation that we might hope for, we need to...
Headshot of Catherine Hausman
News

Stevenson testifies on the need for more affordable childcare

Mar 2, 2022
Ford School economics professor Betsey Stevenson testified before the House Select Subcommittee on the Coronavirus Crisis, in a hearing  about "how the coronavirus pandemic has impacted the already struggling child care sector, and the resulting...
Screenshot of the recording of Professor Stevenson's testimony, placed into a computer mockup on a maize gradient background
In the Media

Rabe addresses Russian invasion and policy impacts

Feb 23, 2022 E&E News
How will American sanctions on Russia impact Americans? While that question is still unanswered, Barry Rabe, J. Ira and Nicki Harris Family Professor of Public Policy, discussed the policy impacts the situation may have.  “It does raise the...
Barry Rabe
In the Media

Wolfers discusses accuracy of economic predictions

Feb 23, 2022 Marketplace
As technology improves, economists are handed more and more data to make predictions with. But, does it make those predictions better? “The evidence seems to be if we are, only a little bit," Justin Wolfers, professor of public policy and...
Photo of Justin Wolfers
Publication

Johnson's study helps analyze thriving economy

Feb 23, 2022
A recent Washington Post article used a paper co-authored by David Johnson, director of the Panel Study of Income Dynamics, and Ford School professor by courtesy, to analyze American bank accounts.  "People were much slower to spend their...
U.S. capitol
News

Stevenson discusses importance of paid family leave

Feb 23, 2022
In the latest wave of the COVID-19 pandemic, many parents found themselves at home watching their children, rather than working, due to daycare closures. Betsey Stevenson, professor of public policy and economics, explained how child care closures...
Betsey Stevenson
News

Wolfers weighs in on inflation

Feb 16, 2022
Americans are becoming increasingly worried about inflation. Justin Wolfers, professor of public policy and economics, discussed the Federal Reserve's current approach to intervening in the economy to address the issue. "The mechanism by which...
Photo of Justin Wolfers
In the Media

Shaefer lauds EITC

Feb 16, 2022 Detroit Free Press
In the midst of tax filing season, many Americans, especially younger and retired workers, are realizing that new tax rules will result in larger refunds. Luke Shaefer, Hermann and Amalie Kohn Professor of Social Justice and Social Policy, discussed...
H. Luke Shaefer
In the Media

Stevenson discusses inflation and demand

Feb 13, 2022 CNN Politics
With inflation rising as the economy bounces back from the COVID-19 recession, the automobile industry is one area that has struggled due to labor and supply shortages. "The people screaming for Biden to do something do not want the Fed to raise...
Betsey Stevenson
In the Media

Stevenson proposes solutions for inflation

Feb 10, 2022 Yahoo! News
With Americans panicking about rising prices, Betsey Stevenson, professor of public policy and economics, proposed how to slow inflation down.  "So we've got two ways to fix the problem: We can bring down demand ... or we can try to increase...
Photo of Betsey Stevenson leading a class
In the Media

Wolfers discusses state of the economy

Feb 8, 2022 WDET
Justin Wolfers, professor of public policy and economics, recently appeared on WDET to talk about the economy, inflation, and jobs.  "People are complaining about rising prices and inflation. That’s their concern right now. It’s not about jobs,"...
Justin Wolfers
News

Stevenson weighs in on January jobs report

Feb 6, 2022
The January jobs report revealed strong employment gains, with 467,000 jobs added in January. Betsey Stevenson, professor of public policy and economics, analyzed the report for numerous media outlets. The jobgains occurred in the midst of a...
Betsey Stevenson
In the Media

Not all Americans included in economic recovery - Wolfers

Feb 6, 2022 Los Angeles Times
The latest jobs report reflects a strong, recovering economy. But, Justin Wolfers, professor of public policy and economics, explained that not all Americans are feeling the effects of recovery.  "A lot of people, particularly older people, have...
Photo of Justin Wolfers
In the Media

Wileden discusses Detroit's unchanged unemployment rate

Feb 4, 2022 WXYZ Detroit
In a recent interview with WXYZ, Lydia Wileden, PhD candidate and research associate on the Detroit Metro Area Communities Study, answered questions about Detroit's unemployment rate, which has stayed at 20% over the last year.  "We do see that a...
Detroit photo
News

Detroit unemployment rate sits at 20%

Feb 3, 2022
Detroit’s unemployment rate—the proportion of adults who are in the labor force but not currently employed—remains at 20%, virtually unchanged over the course of 2021, according to a new University of Michigan survey.  This is less than half the...
Detroit
In the Media

Udow-Phillips weighs in on Beaumont-Spectrum merger

Feb 1, 2022 Bridge Michigan
Following the merger of Beaumont Health and Spectrum Health, patients are wondering if their costs will rise. Marianne Udow-Phillips, lecturer in public policy, discussed the merger. “We certainly know what they've said publicly — that from a...
Marianne Udow-Phillips
In the Media

Cooney highlights impact of expired Child Tax Credit

Feb 1, 2022 CNN
With COVID-19 still affecting the economy and people's finances, experts have seen food hardship increase across the country recently, rising faster in households without children. Patrick Cooney, assistant director of the Detroit Partnership on...
Pat Cooney headshot
News

Stevenson discusses the Great Resignation and inflation

Feb 1, 2022
Betsey Stevenson, professor of public policy and economics, recently talked to Al Jazeera about the Great Resignation – the phenomenon of millions of Americans voluntarily leaving their jobs. She explained what's going on behind the...
Betsey Stevenson