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Miller et al. find benefits of Medicaid for pregnant mothers in 1980s carry over two generations

Starr's findings account for some of the 19% black-white gap in federal sentencing

Frey says suburbs are aging, cities draw millennials

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Bailey et al. find higher income among children whose parents had access to federal family planning programs in the 1960s and 70s

U-M's campus climate survey results discussed in CHE story

U-M honors James Jackson's groundbreaking work on how race impacts the health of black Americans

U-M is the only public and non-coastal university on Forbes' top-10 list for billionaire production

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Mon, Jan 22, 2018, noon: Narayan Sastry

Frank P. Stafford

Stafford says exiting down stock market worsened position of low-income households

a PSC In The News reference, 2014

"Bad Stock-Market Timing Fueled Wealth Disparity" - Wall Street Journal. 10/26/2014.

Selling off stock during the recent recession may have contributed to U.S. wealth inequality. Using PSID data, Frank Stafford and Bing Chen found that Americans with less education and savings were more likely to sell stock during the recent downturn and therefore less likely to benefit from the subsequent rebound. Stafford speculates that many of those who exited may never get back in, turning instead to traditional savings accounts. This is a mistake, he says: “Unless we get a flash of brilliance for a new pension system, stocks are a really important ingredient.”


Frank P. Stafford

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