The James M. and Cathleen D. Stone Center for Inequality Dynamics (CID) was founded at the University of Michigan Institute for Social Research in 2019. The mission of CID is to: produce cutting-edge research on social inequality, especially wealth inequality, train the next generation of inequality scholars, and build data infrastructure and increase data accessibility.

The Demography of Aging, Disability, and Care program focuses on population aging, disability, and long-term care and related measurement and survey issues. The program provides leadership for several national studies of late-life disability and care.

Aging & Biopsychosocial Innovations (ABI) is a research program founded in 2019 with the goal of understanding how stress and social contexts affect health. ABI also examines the biophysical factors that account for these links, using a multidisciplinary research approach.

Shapiro holds appointments in the Department of Economics and as a research professor at SRC.  Shapiro’s general area of expertise is macroeconomics. In his research, he focuses on investment and capital utilization, business-cycle fluctuations, consumption and saving, financial markets, fiscal policy, monetary policy, time-series econometrics, economics of aging, economic measurement, and survey methodology.

Shapiro is a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago. He served as the chair of the Federal Economic Statistics Advisory Committee, the official advisory committee of the Census Bureau, the Bureau of Labor Statistics, and the Bureau of Economic Analysis. He served as senior economist at the Council of Economic Advisers with responsibilities for macroeconomic analysis and the weekly economic briefing of the President.