‘Greening’ a pension may help reduce one’s carbon footprint, and younger Americans are increasingly interested in ESG investments. Yet fiduciary rules and unknowns about the long-term performance of such assets have led the US to lag Europe in adopting ESG principles, Wharton Prof. Olivia S. Mitchell explains, via Knowledge@Wharton.…Read More
Climate change has an impact on retirement, whether it means people choosing to invest their savings in green companies and funds, or having to consider the risk of natural disaster where they live in retirement, Wharton Prof. Olivia S. Mitchell explains to Dan Loney of Wharton Business Daily.…Read More
Retirees and near-retirees should find out if they live in an area at increased risk of natural disasters due to climate change, and what steps they can take to protect their home, Wharton Prof. Olivia S. Mitchell says, via CBS MoneyWatch.…Read More
Public pensions struggle to increase their yields in a low return world. Also, pension trustees are often political appointees lacking financial backgrounds, so they may not fully consider the risks of potential new investment options, says Wharton Prof. Olivia S. Mitchell, in the WSJ.…Read More
Rewriting Chile’s constitution could mean changes to the country’s fragile pension system. This may involve raising the retirement age, perhaps to 75 or 80, for those who have not been able to save for their old age, says Wharton Prof. Olivia S. Mitchell, via The Dialogue.…Read More
Black and Hispanic women face greater economic challenges than white women in both good times and bad, according to new research by Wharton Prof. Olivia S. Mitchell, Prof. Robert Clark of North Carolina State University, and Prof. Annamaria Lusardi and Hallie Davis of George Washington University. Via Pensions & Investments.…Read More
Common wisdom once held that retired boomers could safely withdraw 4% of their savings per year, but now with rising longevity and healthcare costs, and low returns, that’s too risky, says Wharton Prof. Olivia S. Mitchell via the Christian Science Monitor.…Read More
Battles rage over sustainable investing definitions and profitability. The 2021 Wharton Pension Research Council Symposium, “Sustainable Investments in Retirement Plans: Challenges and Opportunities,” debated many of these points, via Knowledge@Wharton.…Read More
“Do Required Minimum Distribution 401(k) Rules Matter, and For Whom? Insights from a Lifecycle Model” by Wharton Prof. Olivia S. Mitchell, and Vanya Horneff and Raimond Maurer of Goethe University Frankfurt is featured NBER working paper.…Read More
The retirement landscape is shifting in the wake of the COVID pandemic. Wharton Prof. Olivia S. Mitchell presents “Retirement Advice Post-COVID” for the Investments and Wealth Institute’s ACE Academy, April 26, 2021…Read More
