News and Media Archives

A rude awakening: Lack of financial literacy hurts the young. What about older people?

A person with short gray hair and glasses sits on a leather sofa, holding a laptop and gazing thoughtfully into the distance.

Wharton Professor Olivia S. Mitchell reminds us that financial literacy isn’t just for the young – without it, we also face retirement risk. Learn about financial literacy for aging retirees here.…Read More

Wharton School’s Pension Research Council Continues Partnership with BlackRock as Director Level Member

A stylized illustration of a person with a crown, reaching towards a glowing star or light, on a blue and white background.

The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that BlackRock has rejoined the Council as a Director Level Member for 2024.…Read More

Pension Funds and Sustainable Investment: Challenges and Opportunities – Update

The image is a book cover titled "Pension Funds and Sustainable Investment: Challenges and Opportunities." It is edited by Brett Hammond, Raimond Maurer, and Olivia S. Mitchell. The design features a classical figure holding a cornucopia against a

Our newest volume Pension Funds and Sustainable Investment: Challenges and Opportunities is now available open access via Oxford University Press.…Read More

When you retire, should you keep your money with your employer’s 401(k) plan?

Desk items related to financial planning, including a calculator, glasses, a notebook with "401k" written, post-it notes, a magnifying glass, and a pen on a pink background.

In a recent research study, Prof. Olivia S. Mitchell, John Turner, and Catherine Reilly weigh the pros and cons of remaining in an employer-sponsored 401(k) plan after retirement. The debate continued in Reilly’s November 2023 blog post, picked up in the Star Tribune.…Read More

Olivia S. Mitchell awarded Distinguished Fellow by the American Economic Association

The American Economic Association named Olivia S. Mitchell as a Distinguished Fellow at the AEA Awards Ceremony and Presidential Address on January 06, 2024. She is the 19th female economist thus recognized, of a total of 196 Association Fellows appointed since 1885. Read more here or watch the ceremony online here.…Read More

Dollars and sense: The case for teaching personal finance

A person is calculating finances using a calculator and documents on a table. There are credit cards, a smartphone, eyeglasses, and a notepad nearby.

Profs. Olivia S. Mitchell (Wharton) and Annamaria Lusardi (Stanford) highlight the transformative role of financial education to bridge gaps in financial literacy. …Read More

Wharton School’s Pension Research Council Welcomes Capital Group as Associate Member

The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that Capital Group has joined the Council as an Associate Level Member of the Council for 2024. …Read More

Wharton School’s Pension Research Council Welcomes the TIAA Institute as Associate Member

The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that TIAA Institute has rejoined the Council as an Associate Level Member for 2024.…Read More

Closing the Racial Retirement Gap

A couple embracing in a garden setting, with a house in the background, surrounded by trees and plants. One person holds a set of keys.

Researchers debate retirement challenges for Black and Hispanic Americans with financial wellness, better policy, and enhancing generational wealth: 2023 Pension Research Council Symposium, via Knowledge at Wharton.…Read More

Wharton School’s Pension Research Council Welcomes Fidelity Investments as Associate Level Member

The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that Fidelity Investments has rejoined the Council as an Associate Member for 2023.…Read More