The 2024 Pension Research Council symposium explored how behavioral factors and financial literacy shape retirement planning, saving, and spending. Read more here.…Read More
How Behavioral Factors Shape Retirement Wealth
News and Media
CEPAR Partner Investigator Olivia S. Mitchell on reducing longevity risk in retirement
In this article, Wharton Professor and CEPAR Partner Investigator Olivia S. Mitchell discusses longevity risks in aging societies and how financial literacy shapes their well-being in later life. Deferred annuities can help protect lifetime income.…Read More
ERISA Advisory Council Explores Annuity Default Options in DC Plans
At an ERISA Advisory Council hearing for the Dept. of Labor, experts recommended including annuities in defined contribution plans to hedge against longevity risk. Olivia S. Mitchell, a Wharton School professor, supported a default annuity structure that begins payments later in life to simplify financial decisions for older participants.…Read More
Secure 2.0 may help student borrowers more with loans than with retirement.
New NBER/PRC study shows SECURE 2.0 rule letting firms match student loan payments with retirement contributions boosts loan repayment and builds retirement savings. Wharton Prof. Olivia S. Mitchell predicts the program to be attractive for higher-skilled.…Read More
5 Biggest Regrets of Retirees
The top financial regrets of older Americans? Not saving enough, retiring too early, and not buying long-term care insurance. Also, many regret not purchasing annuities and claiming Social Security too early. Insights from Abigail Hurwitz and Olivia S. Mitchell emphasize the importance of proactive financial planning. Read more here. …Read More
When Tested, Most Students Lack Financial Literacy, New Study Finds
Only 14.5% of undergraduates surveyed were proficient on a basic financial literacy test, revealing the pressing need for schools to prioritize/enhance financial education! Fortunately, Federal Reserve employees fared better, as reported here.…Read More
July 12, 2024 – Fireside Chat with Ethan Mollick
Reserve your seat for a Fireside Chat with Ethan Mollick: The Potential Impacts of Large Language Models for an Aging World. Presented by IPRA.…Read More
Employers can offer a new benefit: Matching student loan payments with 401(k) contributions
Some firms are making matching 401(k) contributions when employees repay student loans, notes Prof. Olivia S. Mitchell’s research spotlighting the boost to pre-retirement spending and debt-free retirement. Read the Marketplace discussion here. …Read More
Pension Funds and Sustainable Investment: Challenges and Opportunities – Now available via Open Access
Interested in sustainable investing? From historical roots to future trends, our new book Pension Funds and Sustainable Investment: Challenges and Opportunities, edited by Profs P. Brett Hammond, Raimond Maurer, and Olivia S. Mitchell, offers a comprehensive view of environmental, social, and governance criteria in pension fund investing. This volume delves into ethical/financial considerations as well as potential risks and rewards of ESG integration in pension funds. …Read More
Call for Research Proposals
The TIAA Institute & Boettner/Pension Research Council (PRC) Partnership announces a Call for Research Proposals on Retirement and Longevity, Behavioral Finance, and Insurance
Proposals due June 14, 2024, 5:00 p.m. EST…Read More