policy Archives

Financial literacy: The importance of a new field

An open book with a tree growing out of it, with branches and leaves made of money, symbolizing knowledge leading to wealth. In the background are blurred chalkboards.

Researchers Annamaria Lusardi of Stanford’s SIEPR and Olivia S. Mitchell of Wharton’s Pension Research Council founded the new field of financial literacy, key for personal finance teaching and retirement policy; see their blog VoxEU.…Read More

Why Pensions Should Invest Like Pensions: It’s All About Liabilities, And Some Policy Thoughts

What is a pension? Put simply, a pension is a vehicle to provide deferred compensation to employees (and usually their partners) in retirement. Properly managed, a pension must cover its liabilities as these become payable.…Read More