About the PRC
The Pension Research Council of The Wharton School of the University of Pennsylvania is committed to generating debate on key policy issues affecting pensions and other employee benefits. We sponsor interdisciplinary research on the entire range of private pension and social security programs, as well as related benefit plans in the United States and around the world.

Membership

Conferences

Publications

The Boettner Center

News & Media

  • The image shows two miniature figures in business attire standing on stacks of coins of varying heights. A wooden ladder connects two of the stacks. This represents economic disparity or inequality.

    Racial disparities threaten many Americans’ financial security, but effective policies could mitigate these challenges and help families build a secure retirement foundation, explain Karen Dynan and Doug Elmendorf of the Harvard Kennedy School, via RetireSecure Blog….

  • Stethoscope, pen, and financial report with graphs and charts, symbolizing the intersection of healthcare and financial analysis.

    Employers can design benefits programs encouraging their employees to elevate their financial wellness, report Anil Suri, Nevenka Vrdoljak, and colleagues from Bank of America, via RetireSecure blog….

  • A clipboard titled "401K Rollovers" with a pair of glasses and a wooden gavel placed on a wooden surface, representing legal and financial concepts.

    Who should roll over a 401(k) into an IRA? The answer depends on your level of financial sophistication, explain researchers Olivia S. Mitchell of the Wharton School, Catherine Reilly of CM Reilly Associates, and John A. Turner of the Pension Policy Center, via RetireSecure blog. …

  • A person with short gray hair and glasses is smiling, holding a credit card while using a laptop. A glass of coffee is on the table in a cozy room.

    Men and women both share retirement worries, but women’s unique life circumstances warrant greater attention in retirement planning decisions, including plan participation and investment strategies, report Bank of America’ Nevenka Vrdoljak and Susan Feng: Retire Secure Blog. …

RetireSecure Blog
Cover of a book titled "Retirement Saving, Investment, and Spending: New Lessons from Behavioral Research," edited by Olivia S. Mitchell and Nikolai Roussanov, featuring an illustration of a classical figure with foliage.

Now Available for Preorder:

Retirement Saving, Investment, and Spending: New Lessons from Behavioral Research

Olivia S. Mitchell and Nikolai Roussanov, Editors
July 2026

Over the last decade, behavioral research has revolutionized our understanding of financial decision-making, reshaping how we approach retirement planning. Bringing together leading scholars from economics, finance, and psychology, this volume explores the intricate relationship between human behavior and financial security in later life and uncovers innovative ways to craft retirement strategies that are both financially sound and psychologically intuitive. Across three sections, chapter authors unpack the psychological, social, and economic factors that influence saving patterns, investment behavior and strategies, and spending habits and challenges among retirees. Including key studies, practical examples, and real-world applications, the volume provides a comprehensive understanding of the forces shaping retirement outcomes in today’s complex financial landscape.

Order online from Oxford University Press

More books from the PRC

Sign up for the PRC Newsletter

    Please check here to verify that you would like to receive email updates from the Pension Research Council.
An intricately detailed engraving depicting a figure in flowing robes, crowned and seated beside an early electrical generator with an outstretched hand emitting light.

Pension Research Council
The Wharton School of the University of Pennsylvania
3620 Locust Walk, 3302 Steinberg Hall–Dietrich Hall
Philadelphia, PA 19104-6302
Tel: 215-898-7620 | prcadminc@wharton.upenn.edu
Privacy Policy