Justin Wolfers

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Wolfers puts public health at the center of economic recovery

May 15, 2020

The current method for calculating Gross Domestic Product is missing “the immense value of the sacrifices being made by millions of people who have stayed at home to stop the spread of the coronavirus,” Ford School economics professor Justin Wolfers...

Healthcare sector takes a hit amidst the broader economic downturn

May 1, 2020

The news released on April 30 that the U.S. economy had shrunk 4.8 percent in the first quarter of 2020 confirmed that the country is poised to experience a deep recession. The analyses of Ford School economists Betsey Stevenson and Justin Wolfers...

Wolfers challenges U.S. business who seek immunity from coronavirus lawsuits

Apr 27, 2020

In a recent article published in Quartz, “U.S. businesses are seeking immunity from coronavirus lawsuits,” Ford School professor, Justin Wolfers, pushes back on calls by U.S. businesses for COVID-19 related immunity from liability. As some states...

In times of crisis, electricity usage data can estimate economic damage, says Wolfers

Apr 10, 2020

With economic activity changing faster than standard statistical measures can keep up, economists are looking at other indicators to take the economy’s pulse. Justin Wolfers, professor at the Ford School, analyzed electricity usage to understand the...

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...

Ford School economists: Immediate action can mitigate the economic impact of COVID-19

Mar 20, 2020

The COVID-19 pandemic is impacting the U.S. economy in unprecedented ways. This week, Ford School economic experts including Ford School dean Michael S. Barr, and professors Betsey Stevenson and Justin Wolfers weigh in on what’s ahead in The New...

Macmillan Learning announces publication date for new Stevenson, Wolfers economics textbooks

Oct 18, 2019

On October 17, 2019 Macmillan Learning announced two textbooks written by acclaimed Ford School economists Betsey Stevenson and Justin Wolfers will be available for the Fall 2020 semester. The new texts, Principles of Microeconomics and...

News

Refereeing the Referees: Wolfers featured on podcast about fairness in basketball

Apr 8, 2019

Just in time for the NCAA championship game concluding March Madness, a new podcast investigating the idea of fairness titled Against the Rules with Michael Lewis gives insight into changing referee standards. In the first episode released April 2,...

State & Hill

Discourse: Ford School faculty in the news from Winter 2019 State & Hill

Mar 26, 2019

It’s the polar opposite of affirmative action, which boosts applicants who have faced adversity. It’s unconscionable for a handful of elite colleges to amass enormous tax-advantaged endowments and use them to perpetuate privilege in this way. —...

10% Happier: Stevenson and Wolfers talk wealth inequality and redistribution on NewsHour

Mar 1, 2019

More money makes you happier...right? Professors Justin Wolfers and Betsey Stevenson say that’s accurate, to a point. “It’s a truism, but it’s false,” states Wolfers plainly on a February 28, 2019, segment from PBS’s NewsHour. “Rich people are...

Justin Wolfers says expansions don’t necessitate recessions as long as there is good policy

Feb 15, 2019

Media outlets continue to search for red flags signaling the next recession, but for Professor Justin Wolfers there’s more reason for optimism. Wolfers was featured in a CNBC video titled “Justin Wolfers: Biggest risk to strong U.S. economy is Trump...

News

Minimum wage delay—what is it good for? Wolfers adds perspective

Dec 10, 2018

In an attempt to forestall a citizen-led initiative to raise the state’s minimum wage, Michigan GOP legislators approved a gradual increase that would get the state to a $12-minimum in 2022. However, during this lame duck session, they instead...

Wolfers' take on Trump’s tariffs

Nov 28, 2018

While President Trump’s rhetoric about trade and the tariffs his administration has implemented aim to make America more protectionist, Ford School professor Justin Wolfers argues the recent and forthcoming actions still have a long way to go to...

State & Hill

Catch up on Ford School faculty news in the Spring 2018 edition of State & Hill magazine

May 21, 2018

Michael Barr and Joe Valenti (Center for American Progress) penned a Fortune op-ed: “How the CFPB fight is a sign of the next financial crisis.” Barr also wrote an op-ed in American Banker: “Dear Congress: Reg relief bill is a giveaway for large...

Justin Wolfers’ social media engagement featured in University Record piece

Mar 19, 2018

A March 5 article by Safiya Merchant in The University Record, “#SocialScholars: Professors show power of public engagement,” highlights the growing use of social media among University of Michigan professors. Merchant writes that social media...

Wolfers in New York Times: “Why women’s voices are scarce in economics”

Feb 3, 2018

“For decades, the number of women studying economics seemed to be increasing, easing the persistent scarcity of professional female economists in the United States,” writes Justin Wolfers in his February 2 column, "Why women's voices are scarce in...

State & Hill

Catch up on Ford School faculty news in the Fall 2017 edition of State & Hill magazine

Dec 29, 2017

Tamar Mitts and Robert Axelrod participated in a trilateral workshop on the roots and trajectories of violent extremism. Mitts spoke about the radicalization of Islamic State supporters on social media; Axelrod about the strengths and weaknesses of...

State & Hill

"Discourse: Ford School faculty in the news," from the fall 2017 issue of State & Hill

Dec 25, 2017

With a series of regulatory changes, the Trump administration is taking us in the wrong direction, making student loans riskier, more expensive, and more burdensome for borrowers. Susan Dynarski on "The wrong way to fix student debt." The New...

Behavioral Finance Symposium explores intersection of economics, psychology, policy

Sep 19, 2017

The 2017 Behavioral Finance Symposium, held September 14-15 at the University of Michigan, brought together prominent scholars, policymakers, and practitioners for two days of dialogue about ways to apply insights from the behavioral sciences, which...

Stevenson, Wolfers et al urge confirmation of Trump pick for Council of Economic Advisers

Jun 6, 2017

In a recently released letter to the Senate Banking Committee, prominent economists including Betsey Stevenson and Justin Wolfers of the Ford School, have urged the confirmation of American Enterprise Institute (AEI) scholar Kevin Hassett, President...

State & Hill

Catch up on Ford School faculty news in the spring 2017 edition of State & Hill magazine

May 23, 2017

Recent publications by ROBERT AXELROD include "Challenges in researching terrorism from the field" with SCOTT ATRAN (Science); "How historical analogies in newspapers of five countries make sense of major events: 9/11, Mumbai, and Tahrir Square"...

State & Hill

Discourse: Ford School faculty in the news from the spring 2017 edition of State & Hill

May 23, 2017

In the months following President Trump's win, national discourse has pivoted toward the new administration. As executive orders are released, as cabinet picks are announced, and as policy priorities emerge, the media has turned to many Ford School...

In NYT Upshot, Wolfers discusses difficulty of boosting economy when interest rates stay low

Apr 11, 2017

Justin Wolfers’ April 7 column for The New York Times "Upshot" argues: “The economy may be stuck in a near-zero world.” Wolfers cites a new study claiming near-zero interest rates will become commonplace in the United States, impeding the Federal...

Wolfers in NYT Upshot: "How Gorsuch could pull the eight other justices rightward"

Apr 5, 2017

Justin Wolfers' April 4, 2017 article for The New York Times' "The Upshot," "How Gorsuch could pull the eight other justices rightward," examines recently published research on the effects of peer-judge ideology on the U.S. Supreme Court.According...

Stevenson and Wolfers on tooth fairy inflation and the rising cost of parenting

Mar 22, 2017

Betsey Stevenson and Justin Wolfers were interviewed by NPR’s Planet Money about the implications of inflation on parenting. In the March 17 program, they talk about the rising cost of parenting through the lens of the tooth fairy. According to...

In The Upshot, Wolfers writes: “Why most economists are so worried about Trump”

Jan 12, 2017

In his January 11 article for The New York Times’ “The Upshot,” Justin Wolfers writes, “[A]t the annual conference of economists last weekend in Chicago, the major theme was a sense of anxiety about the incoming Trump administration. This foreboding...

Justin Wolfers and coauthors publish in SSRN: "In-group bias in financial markets"

Dec 24, 2016

A paper by Sima Jannati (University of Miami), Alok Kumar (University of Miami), Alexandra Niessen-Ruenzi (University of Mannheim), and Justin Wolfers was published in SSRN on December 24, 2016. The paper is entitled: "In-group bias in financial...

News

Fall 2016 State & Hill magazine focuses on “Innovation for the Public Good”

Dec 15, 2016

The fall 2016 issue of State & Hill magazine was mailed to alumni and friends of the Ford School on December 15, 2016. This edition of the magazine, titled “Innovation for the public good,” highlights faculty, students, and alumni who are...

State & Hill

Wolfers on market responses to the ebb and flow of Presidential candidate fortunes

Dec 8, 2016

As Trump gained strength on election night, the prices of Clinton securities on political betting markets fell sharply. By midnight, stock market futures for the Dow Jones Industrial Index had fallen by 4 percent. Both movements reflected what...

Wolfers on “Trump and Carrier: How a modern economy is like a parking garage.”

Dec 2, 2016

Justin Wolfers offers a tutorial on the contempoary labor market in his latest New York Times Upshot column: “Trump and Carrier: How a modern economy is like a parking garage.” Wolfers’ piece comes after president-elect Donald Trump’s victory lap...