Statement of Prof. Olivia S. Mitchell for the U.S. Senate Special Committee on Aging, Sept. 25, 2013


The Wharton School
International Foundation of Employee Benefit Plans Professor

Dr. Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor, as well as Professor of Insurance/Risk Management and Business Economics/Policy; Executive Director of the Pension Research Council; and Director of the Boettner Center on Pensions and Retirement Research; all at the Wharton School of the University of Pennsylvania which she joined in 1993. Concurrently Dr. Mitchell serves as a Research Associate at the NBER; Independent Director on the Wells Fargo Fund Boards; CoInvestigator for the Health and Retirement Study at the University of Michigan; Member of the Executive Board for the Michigan Retirement Research Center; and Senior Scholar at the Singapore Management University. She also advises the Centre for Pensions and Superannuation UNSW and is Faculty Affiliate of the Wharton Public Policy Initiative. She received the MA and PhD degrees in Economics from the University of WisconsinMadison, and the BA in Economics from Harvard University. She is currently a Senior Editor of the Journal of Pension Economics and Finance.

Professor Mitchell's professional interests focus on public and private pensions, insurance and risk management, financial literacy, and public finance. Her research explores how systematic longevity risk and financial crises can shape household portfolios and work patterns over the life cycle, the economics and finance of defined contribution pensions, financial literacy and wealth accumulation, and claiming behavior for Social Security benefits. Her research has been appeared in leading academic journal including the American Economic Review, the Journal of Political Economy, the Journal of Public Economics, and the Review of Finance, and it has been featured in outlets such as The Economist, the New York Times, and the Wall Street Journal. She also blogs on Forbes. She has published over 220 books and articles.

Dr. Mitchell received the Fidelity Pyramid Prize for research improving lifelong financial wellbeing; the Carolyn Shaw Bell Award of the Committee on the Status of Women in the Economics Profession; and the Roger F. Murray First Prize from the Institute for Quantitative Research in Finance. She was also honored with the Premio Internazionale Dell'Istituto Nazionale Delle Assicurazioni from the Accademia Nazionale dei Lincei in Rome. Her study of Social Security reform won the Paul Samuelson Award for “Outstanding Writing on Lifelong Financial Security” from TIAACREF. In 2011, Investment Advisor Magazine named her one of the “25 Most Influential People” and “50 Top Women in Wealth;” in 2010 she received the Retirement Income Industry Association’s Award for Achievement in Applied Retirement Research; and in 2010 Wealth Management Magazine named her one of the “50 Top Women in Wealth.” In 2015, she was named a “Top 10 Women Economist” by the World Economic Forum, and in 2016Crain Communications named her a “Top 100 Innovator, Disruptor, and ChangeMaker in Business.”

Previously Professor Mitchell chaired Wharton’s Department of Insurance and Risk Management, and she also taught for 16 years at Cornell University. She served as a Commissioner on the President’s Commission to Strengthen Social Security; a Member of the US Department of Labor’s ERISA Advisory Council; and on the Board of Directors of Alexander and Alexander Services, Inc., the Board of the American Economic Association, the Advisory Board for the Central Provident Fund of Singapore, the National Academy of Social Insurance Board, the Board of the Committee on the Status of Women in the Economics Profession, and the GAO Advisory Board. She also cochaired the Technical Panel on Trends in Retirement Income and Saving for the Social Security Advisory Council.

Professor Mitchell has visited and taught at numerous institutions including Harvard University, the NBER, Cornell University, the Goethe University of Frankfurt, the Singapore Management University, and the University of New South Wales. Professor Mitchell has consulted with many public and private groups including the World Economic Forum, the International Monetary Fund, the Investment Company Institute, the President’s Economic Forum, the World Bank, the International Foundation of Employee Benefit Plans, the White House Conference on Social Security, the Q Group, and the Association of Flight Attendants. She has also been invited to testify for numerous committees of the US Congress, the UK Parliament, the Australian Parliament, the US Department of Labor, and the Brazilian Senate. She speaks Spanish and Portuguese, having lived and worked in Latin America, Europe, and Australasia.

Academic Positions

Wharton: 1993present: International Foundation of Employee Benefit Plans Professor and Executive Director Pension Research Council; Professor of Insurance & Risk Management. 2008present; Director, Boettner Center for Pensions and Retirement Research. 2012 Present: Professor of Business Economics & Public Policy.  Previous positions: Department Chair Insurance & Risk Management, Wharton; Assistant/Associate/Full Professor, Cornell University.  Previous visiting appointments at University of New South Wales, Australia; Goethe Universitat of Frankfurt; Celia Moh Visiting Professor, Singapore Management University, Harvard University, NBER.

Other Positions

Professional Leadership 20102017
Research Associate, National Bureau of Economic Research; CoPI and Executive Committee for Health and Retirement Study; Michigan Retirement Research Center Executive Committee; Scientific Advisor for Centre for Pensions and Superannuation UNSW; Advisory Board NetsparNetherlands; Executive Committee, Penn Aging Research Center; Senior Editor, Journal of Pension Economics and Finance; Board of Editors, Journal of Pensions Management; Senior Fellow, Wharton Financial Institutions Center; Senior Fellow, Leonard Davis Institute; Senior Scholar, CREA, Singapore Management University.

Corporate and Public Sector Leadership 20102017
Independent Trustee of the Wells Fargo Trust Boards; Chilean Pension Reform Commission

Vanya Horneff, Raimond H. Mauer, Olivia S. Mitchell (Working), Putting the Pension Back in 401(k) Plans: Optimal Retirement Plan Design with Longevity Income Annuities.

Jeffrey Brown, Arie Kapteyn, Erzo Luttmer, Olivia S. Mitchell (2016), Cognitive Constraints on Valuing Annuities , JEEA, (Forthcoming).

David Huffman, Raimond H. Mauer, Olivia S. Mitchell (Working), Time Discounting and Economic Decisionmaking among the Elderly.

Timothy Lu, Olivia S. Mitchell, Stephen P. Utkus, Jean Young (2016), Borrowing from the Future: 401(k) Loans and Loan Defaults, National Tax Journal, (Forthcoming).

Benedict Koh, Olivia S. Mitchell, Susan Rohwedder (Draft), Financial Knowledge, Wealth, and Portfolio Complexity in Singapore.

Olivia S. Mitchell and Anita Mukherjee (2016), Assessing the Demand for Micropensions among India's Poor , Journal of Economics and Aging, (Forthcoming).

Raimond H. Mauer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek (Work In Progress), Optimal Claiming Behavior: Theory and Evidence.

Raimond H. Mauer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek (2016), Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum , Journal of Risk and Insurance, (Forthcoming).

Olivia S. Mitchell and Stephen P. Utkus (Under Revision), TargetDate Funds and Portfolio Selection in 401(k) Plans.

Olivia S. Mitchell and John Piggott (2016), WorkplaceLinked Pensions for an Aging Demographic , Handbook of the Economics of Population Aging, Eds. J. Piggott and A. Woodland: Elsevier:, pp. 868906.

Fall 2012: BEPP 250, Intermediate Microeconomics

Past Courses


This course will introduce you to "managerial economics" which is the application of microeconomic theory to managerial decisionmaking. Microeconomic theory is a remarkably useful body of ideas for understanding and analyzing the behavior of individuals and firms in a variety of economic settings. The goal of the course is for you to understand this body of theory well enough so that you can effectively analyze managerial (and other) problems in an economic framework. While this is a "tools" course, we will cover many realworld applications, particularly business applications, so that you can witness the usefulness of these tools and acquire the skills to use them yourself. We will depart from the usual microeconomic theory course by giving more emphasis to prescription: What should a manager do in order to achieve some objective? That course deliverable is to compared with description: Why do firms and consumers act the way they do? The latter will still be quite prominent in this course because only by understanding how other firms and customers behave can a manager determin what is best for him or her to do. ,Strategic interaction is explored both in product markets and auctions. Finally, the challenges created by asymmetric information both in the market and within the firm are investigated.


The last financial crisis and subsequent recession provide ample evidence that failure to properly manage risk can result in disaster. Individuals and firms confront risk in nearly all decisions they make. People face uncertainty in their choice of careers, spending and saving decisions, family choices and many other facets of life. Similarly, the value that firms create by designing and marketing good products is at risk from a variety of sources. The bankruptcy of a key supplier, sharp rise in cost of financing, destruction of an important asset, impact of global warming, or a liability suit can quickly squander the value created by firms. In extreme cases, risky outcomes can bankrupt a firm, as has happened recently to manufacturers of automobile parts and a variety of financial service firms. The events since the Global Financial Crisis also offer stark reminders that risk can impose significant6 costs on individuals, firms, governments, and society as a whole. This course explores how individuals and firms assess and evaluate risk, examines the tolls available to successfuly mange risk and discusses realworld phenomena that limit the desired amount of risksharing. Our focus is primarily on explaining the products and institutions that will serve you better when making decisions in your future careers and lives.


The last financial crisis and subsequent recession provide ample evidence that failure to properly manage risk can result in disaster. Individuals and firms confront risk in nearly all decisions they make. People face uncertainty in their choice of careers, spending and saving decisions, family choices, and many other facets of life. Similarly, the value that firms create by designing and marketing good products is at risk from a variety of sources. The bankruptcy of a key supplier, sharp rise in cost of financing, destruction of an important asset, impact of global warming, or a liability suit can quickly squander the value created by firms. In extreme cases, risky outcomes can bankrupt a firm, as has happened recently to manufacturers of automobile parts and a variety of financial service firms. The events since the Global Financial Crisis also offer stark reminders that risk can impose significant costs on individuals, firms, governments, and societ6y as a whole. This course explores how individuals and firms assess and evaluate risk, examines the tools available to successfully manage risk, and discusses realworld phenomena that limit the desired amount of risksharing. Our focus is primarily on explaining the products and institutions that will serve you better when making decisisions in your future careers and lives.

  • Olivia Mitchell Named 2016 EBRI Lillywhite Award Winner, 2016
  • CRAIN Top 100 Innovators, Disruptors, and ChangeMakers in Business, 2016
  • Top 10 Women Economists, World Economic Forum, 2015
  • Investment Advisor Magazine “25 Most Influential People in 2011” and “50 Top Women in Wealth”, 2011
  • Retirement Income Industry Association Award for Achievement in Applied Retirement Research, 2010
  • Top 50 Women in Wealth, Wealth Management, 2010
  • Roger F. Murray First Prize – Institute for Quantitative Research in Finance, 2008
  • Carolyn Shaw Bell Award of the Committee on the Status of Women in the Economics Profession, 2008
  • Fidelity Pyramid Research Institute Award, 2007
  • Alexander von HumboldtStiftung TransCoop Program Research Award grant, 2005
  • Premio Internazionale Dell’Istituto Nazionale Delle Assicurazioni, INA, Accademia Nazionale dei Lincei, Rome, Italy, 2003
  • Paul A. Samuelson Award for Scholarly Writing on Lifelong Financial Security, TIAACREF, 1999

  • Keeping it simple is key lesson for encouraging retirement savings, experts say, Pensions & Investments 07/10/2017

  • Most school districts raising taxes, reducing staff to meet rising costs, Oberver Reporter 06/26/2017

  • Q&A: Olivia S. Mitchell,, UBS Knowledge Network 06/21/2017

  • The $31 Billion Hole in GE’s Balance Sheet That Keeps Growing, Bloomberg 06/16/2017

  • Pennsylvania takes new step on troubled public pension plans, AP 06/12/2017

  • Redefining retirement, Zurich 05/31/2017

  • Honorary Doctorate for Prof. Olivia S. Mitchell, Ph.D., Goethe Universitat 05/25/2017

  • Olivia Mitchell Named 2016 EBRI Lillywhite Award Winner, 05/15/2017

  • The pensionstyle retirement product you should know about, Fidelity Investments 05/13/2017

  • Who Says You Need Tax Breaks for Retirement Saving?, Bloomberg Businessweek 05/11/2017

  • Wharton’s Olivia Mitchell hosts a retirement conference and — surprise! — the research is ‘depressing’, 05/05/2017

  • Individual retirement accounts aren’t attracting enough of the right individuals, Marketplace 05/02/2017

  • How Financial Knowledge Drives Wealth Inequality, Wall Street Journal 04/09/2017

  • 3 Reasons Why the Gender Pay Gap Still Exists, Fortune 04/03/2017

  • The Rising Retirement Perils of 401(k) ‘Leakage’, Wall Street Journal 04/02/2017

  • This Is Not Your Father’s 401K: The Retirement Product You Should Know About, 03/29/2017

  • Most people flunked this retirement quiz. Can you pass?, CNBC 03/10/2017

  • Longer Lives, New Opportunities, 03/08/2017

  • Putting Philadelphia’s $149 million pension fund loss into context, Planphilly 03/02/2017

  • When 6.9% Isn’t Enough, Chief Investment Officer 02/28/2017

  • CalSTRS Lowers Return Expectations and Revises Actuarial Expectations, Chief Investment Officer 02/06/2017

  • How Much Cash Would It Take to Get You to Delay Retirement?, Think Advisor 12/30/2016

  • Growing number of Americans are retiring outside the US, The Big Story 12/27/2016

  • Thinking about retiring to a place overseas?, Kalb 12/27/2016

  • How Much Cash Would It Take to Get You to Delay Retirement?, Bloomberg 12/20/2016

  • Report finds wealth gap continues into retirement, WVTF Public Radio 12/19/2016

  • Making longer lives better: Living long and prospering, ebn Adviser 11/29/2016

  • Insights on Pension, Advisers, Wall Street Journal 11/07/2016

  • The Key To Better 401k Participant Outcomes: Olivia Mitchell, 401k Specialist 10/24/2016

  • How to Put the Pension Back into Retirement Plans, Wall Street Journal 10/23/2016

  • THE NEW RETIREMENT, 10/23/2016

  • Penn meeting focuses on how to get more people to save for retirement, 10/20/2016

  • Should the Social Security Retirement Age Be 76?, Next Avenue 10/18/2016

  • Financial Literacy Is Still Abysmal Everywhere, Wall Street Journal 10/12/2016

  • An Analysis of Options to Increase Retirement Security for New York City Private Sector Workers, NYC Retirement Security Study Group 10/12/2016

  • of CRAINS 100 Innovators, Disruptors and Changemakers in Business!, CRAIN 2016 10/05/2016

  • Nearly 7 million Californians will be automatically enrolled in staterun retirement savings plan under new law, LA Times 09/29/2016

  • Photographer: Getty Images Why More Women Than Ever Are Putting Off Retirement, Bloomberg 09/14/2016

  • Why Boomer Women Are Worse Off Financially Than Their Predecessors, Wall Street Journal 09/11/2016

  • Older Adults Place Less Value on Saving, AAII 09/01/2016

  • Women In Their 50s More Financially Fragile Than Generation Ago Say Researchers, Linkedin 09/01/2016

  • Patience Is the Secret to Wealth and Health, Economists Suggest in a New Study, Wall Street Journal 08/01/2016

  • En entredicho, sistema de administradoras de fondos, Eleconomista 07/27/2016

  • 5 Tips to Help Women Work Longer, Next Avenue 06/30/2016

  • 401(k) Investment Options: Less is More, Squared Away Blog 06/30/2016

  • Financial Knowledge Leads to Better Retirement Savings Behavior, Plansponsor 06/27/2016

  • RETIREMENT SECURITY IN PHILADELPHIA: An Analysis of Current Conditions and Paths to Better Outcomes, Philadelphia Comptroller 05/31/2016

  • Pemex’s Pension Problem: Why the Oil Giant Is on Slippery Ground, Knowledge@Wharton 05/27/2016

  • Here’s How to Help More Americans Boost Their Social Security Benefits, Time 05/19/2016

  • DISCUSSION: Here’s How to Get More People to Delay Claiming Social Security, The Financial Exchange 05/10/2016

  • Here’s How to Get More People to Delay Claiming Social Security, Wall Street Journal 05/09/2016

  • A new idea for solving Social Security’s money troubles, 05/09/2016

  • The US public pensions crisis ‘is really hard to fix’, Financial Times 05/01/2016

  • Opinion: Why a lumpsum payment should be part of Social Security, Market Watch 04/11/2016

  • Variable Annuities, Lifetime Income Guarantees, and Investment Downside Protection, Trends and Issues 03/31/2016

  • California debates a retirement savings fix, Market Place 03/30/2016

  • How to Get People to Delay Retirement, Wall Street Journal 03/20/2016

  • Investment over the Life Cycle: Inertia and Financial Advice, House of Finance 03/01/2016

  • Geldanlage: Verstehen Sie Sparen?, Spiegel Online 02/23/2016

  • Who’ll Pay for Americans to Live to 100?, Next Avenue 02/08/2016

  • Are Too Many Choices Costing 401(k) Holders?, Wall Street Journal 02/07/2016

  • Streamlining the Plan Menu, Plansponsor 02/01/2016

  • 2016’s best and worst states to retire, WalletHub 01/25/2016

  • Few ways to improve your odds for record $700 million Powerball, The Press Democrat 01/07/2016

  • Streamlined DC Investment Menu Could Save Participants Millions, Plansponsor 12/30/2015

  • To Delay Social Security Claiming, Offer Lump Sum Benefit: Report, ThinkAdvisor 12/10/2015

  • Target Date Funds: Top 3 for Each Retirement Period, Yahoo! Finance 11/25/2015

  • Obama’s MyRA Retirement Savings Plan Goes Nationwide, Bloomberg Business 11/04/2015

  • What the U.S. can learn from Chile’s retirement system, Fortune 10/29/2015

  • Retirement Living: Debt holds many Boomers back, USA Today 10/21/2015

  • Loan is not a fourletter word, Vanguard Blog for Institutional Investors 10/07/2015

  • Yes, Chilean Personal Retirement Accounts Work, 10/05/2015

  • Baby Boomer Women and the Burden of Debt, Wall Street Journal 10/01/2015

  • Pension advances draw scrutiny, Market Place 09/29/2015

  • What really happens when pensions disappear, CNBC 07/24/2015

  • 10 top women in economics, Agenda 07/23/2015

  • Choice a Detriment to Public Worker Retirement Savings, Plansponsor 07/20/2015

  • Financial Literacy Among CEOs and CFOs on LinkedIn, Plansponsor 07/13/2015

  • Leakage from 401(k) loans, defaults is greater than thought, benefitspro 07/01/2015

  • GFOR: Adding annuities to DC plans still open to debate, Pensions & Investments 06/25/2015

  • Why people don’t buy longtermcare insurance, MarketWatch 06/25/2015

  • With longterm care coverage so costly, what do the pros do?, 06/22/2015

  • Why People Don’t Buy LongTermCare Insurance, Wall Street Journal 06/14/2015

  • Powell: How to fix America’s retirement problems, USA Today 05/21/2015

  • When one partner makes more than the other, CNN Money 04/20/2015

  • Sponsors’ Approach to Loans Affects Retirement Plan Leakage, Plansponsor 04/20/2015

  • New Proposed Rules for Retirement Investments, Market Place 04/15/2015

  • One Economics Book We All Should Read, Wall Street Journal 04/15/2015

  • The Biggest Hit to Your Retirement Savings: Living Too Long, NY Times 04/03/2015

  • Retirement plans adding annuities, Consumers Digest 03/31/2015

  • A ThreeQuestion Test of Financial Literacy, Wall Street Journal 03/25/2015

  • Higher financial literacy would benefit everyone, 03/16/2015

  • NYC comptroller announces group to study retirement plan for privatesector employees, Pensions & Investments 02/27/2015

  • Delay Social Security, get a bonus?, Bankrate 02/11/2015

  • A Retirement Age of 100? It’s Coming, Wall Street Journal 02/09/2015

  • The Timing of Pension Payouts and Social Security Claiming, NBER 02/06/2015

  • Late Retirement Bonus: How the Government can Incentivize Working Longer, Chicago Policy Review 01/30/2015

  • Fiduciary ReProposal, Fee Disclosures On Deck for 2015; MEPs Wait in the Wings, Bloomberg BNA 01/16/2015

  • Easing Into Leisure, One Step at a Time, NY Times 01/02/2015

  • Annuities, IRAs and other retirement gamechangers, MarketWatch 12/29/2014

  • Decision on pension payout will last a lifetime, The Boston Globe 12/21/2014

  • Congress Says It Has to Cut Pensions to Save Them, Bloomberg 12/11/2014

  • One weird trick to shore up Social Security’s finances (really), Vox 11/18/2014

  • Female Financial Advisers Sought as Boomers Need Planning, Bloomberg 11/18/2014

  • Can stock purchase plans help contain 401(k) loans?, FierceCFO 11/17/2014

  • Why Prenups Aren’t Just for Financial Issues, Wall Street Journal Blog 11/12/2014

  • With court’s approval, Detroit emerges from bankruptcy, Los Angles Times 11/07/2014

  • Pension problem: What to do if the PGW deal is dead, 10/31/2014

  • Cities Are Eliminating the Healthcare Benefits Once Promised to Retirees, The Atlantic 10/14/2014

  • Student loans plus financial illiteracy equals big debts for some older women, The Washington Post 10/03/2014

  • Retirement and debt usually don’t mix, Consumer Affairs 09/19/2014

  • Retirement and debt usually don’t mix, Consumer Affairs 09/19/2014

  • Better no Social Security replacement rates than wrong replacement rates, AEIIdeas 09/03/2014

  • Boomer Wealth Dented by Mortgages Poses U.S. Risk, Bloomberg 08/28/2014

  • Comisión Pensiones sesiona por primera vez con integrantes internacionales, Comisionpensiones 08/20/2014

  • 2014 RRC Meeting: Olivia S. Mitchell, Youtube 08/20/2014

  • Financial Savviness Linked to Better 401(k) Returns, Plansponsor 07/07/2014

  • Want to Add 130 Bps to Your Clients’ 401(k) Returns? Educate Them, Think Advisior 06/30/2014

  • The Risks of Taking a 401(k) Loan, US News 06/09/2014

  • The Financial Sacrifice of Socially Responsible Investing, Wall Street Journal 06/05/2014

  • Financial knowledge and investment performance. No monkey business?, The Economists 06/04/2014

  • Get smart and get better 401(k) returns, USA Today 05/26/2014

  • The Power of Knowledge: Focus on Funds Video, Barrons 05/21/2014

  • Got Knowledge? Informed Investors Get Juicier 401(k) Returns, Barrons 05/19/2014

  • How to Evaluate the Costs of MyRAs, Wall Street Journal 05/08/2014

  • Cost of living as a retirement priority, Bankrate 05/05/2014

  • Why a sale of PGW makes sense, 04/27/2014

  • The tweeting professors, Daily Pensylvanian 04/18/2014

  • Reading, writing, arithmetic – and financial literacy, The Hill 04/16/2014

  • The 401(k) Loan: America’s Pricey New Piggy Bank, The Fiscal Times 04/08/2014

  • Exchanging Delayed Social Security Benefits for Lump Sums, Youtube 04/08/2014

  • The Staggering Statistic Threatening Your Retirement, Time 04/07/2014

  • A 401(k) Loan? The Answer Isn’t So Obvious, Wall Street Journal 03/17/2014

  • Low Rates Haven’t Stopped Annuities Sales, Business Week 03/06/2014

  • Boeing Shifts 26,000 NonUnion Workers In The Seattle Region Away From A Pension, KPLU 88.5 03/06/2014

  • Advisers Warn Against 401(k) Loans, Wall Street Journal 03/03/2014

  • Why LongTermCare Coverage Is Right for Me, Wall Street Journal Blog 02/13/2014

  • 10 Ways to Boost Your Retirement Savings, US News 02/04/2014

  • For Some, Retirement Is Out of Reach. For Others, Boring., NY Times 01/31/2014

  • The Secret to Success in a Global Economy, Time 01/27/2014

  • Millions of Americans lack basic financial literacy, studies show, Los Angles Times 12/27/2013

  • Realistic Financial Resolutions for 2014, Wall Street Journal 12/26/2013

  • Debt and Retirement, Vanguard Blog 12/23/2013

  • As pensions vanish, workers forced to adjust, Dallas News 12/21/2013

  • Employer Groups Oppose Pension Fees in Budget Deal, Associated Press 12/18/2013

  • As Pensions Vanish, Workers Forced to Adjust, Dallas News 12/18/2013

  • Detroit ruling opens door to pension cuts across the nation&utm_medium=feed&utm_source=feedburner), LA Times 12/07/2013

  • Most Americans accumulating debt faster than they’re saving for retirement, Washington Post 10/23/2013

  • Financial literacy, Radio Times 10/21/2013

  • Poll: Half of Older Workers Delay Retirement Plans, ABC News 10/14/2013

  • Confusion about Obamacare isn’t unique, MSNBC 10/10/2013

  • Financial Literacy, Beyond the Classroom, New York Times 10/05/2013

  • Where did the boomer women go?, Market Place 09/27/2013

  • Advisers have big role helping plan Social Security benefit, Investment News 09/26/2013

  • Mortgage debt a threat for nearretirees, Market Watch 09/25/2013

  • Professor Olivia S. Mitchell Testifies before the Senate Special Committee on Aging, Wharton Public Policy Initiative 09/25/2013

  • Get an early start on retirement, CNN Money 09/16/2013

  • Should you pay off your mortgage? Pursue the tactic that offers the highest return on investment, Market Watch 08/14/2013

  • Olivia Mitchell: Make Your Youngster Take This Financial Test, Wall Street Journal 08/01/2013

  • Why retirement planning requires a really long view, Vanguard 07/22/2013

  • Olivia Mitchell: Build a Joint ‘Financial Dream’ List, Wall Street Journal 07/10/2013

  • Investing in Gold, Little India 06/19/2013

  • Another Discount Rate Illusion, The Economist 05/30/2013

  • Don’t Get ‘Framed’ When Claiming Social Security, US News 05/22/2013

  • Should U.S. Pay Workers to Delay Social Security?, Wall Street Journal 05/21/2013

  • How to see the world and ‘arbitrage’ your retirement, Reuters 05/17/2013

  • Making a Move Abroad, and Working There, Too, New York Times 05/16/2013

  • President Obama looks to reduce Social Security cost of living increases with ‘chained CPI’, Marketplace 04/05/2013

  • Personnel pensions on cutting block, ESPN 03/20/2013

  • How to retire on just $25,000 in the bank, Marketplace 03/19/2013

  • Boeing’s latest move confirms nationwide trend to end pensions, KPLU 03/01/2013

  • U.S. Homeowners Are Repeating Their Mistakes, Business Week 02/14/2013

  • Not Ready to Retire, Knowledge at Wharton Today 02/05/2013

  • Inaugural Speech, Part II, Knowledge at Wharton Today 01/22/2013

  • Why Aren’t You Raising Your Financial IQ?, US News 01/14/2013

  • Olivia Mitchell: Saving Social Security, With Lessons From Down Under, Advisor One 01/11/2013

  • Why Boeing’s fighting to retire pensions, Business Journal 01/11/2013

  • Medicare Gaps Leave Many With Big Bill at End of Life, Study Finds, HealthDay 09/14/2012

  • Olivia Mitchell, Kent Smetters, Others Reveal Holes in Retirement Advice, Advisor One 08/17/2012

  • Reforming Jacksonville’s pension plans likely to be a long, hard slog, 08/06/2012

  • Dr. Olivia S. Mitchell on global financialliteracy 07/31/2012

  • PwC and Knowledge@Wharton High School to Cohost Business and Financial Responsibility Training Seminar for 150 High School Educators, All Expenses Paid, Wharton News 07/30/2012

  • Is This the Solution to America’s Retirement Crisis?, Next Avenue 07/27/2012

  • Companies win cut in pension contributions; critics say saving the plans is even bigger worry, Washington Post 07/09/2012

  • ERISA Advisory Council Meeting Roundup: Annuities, Bloomberg BNA 06/15/2012

  • Reinventing retirement in challenging times, Tentino 06/02/2012

  • Reinventere l’ età della pensione in tempi di grandi sfide?, Economics Festival in Trento, Italy 06/01/2012

  • The Changing Face of Retirement, Morning Star 05/03/2012

  • Stop Financial Illiteracy From Endangering Your Retirement, Next Avenue 05/02/2012

  • Compounding Kiwis and interest rates, Project M 03/30/2012

  • GM’s Pension Plan May be Replaced with 401k, Nightly Business Report 02/16/2012

  • In a calculating, chaotic world, statisticians are almost cool, 02/16/2012

  • Lack of financial literacy can hurt retirement, 02/16/2012

  • Financial Literacy Low Among Vulnerable Populations: NBER, AdvisorOne 02/16/2012

  • How Long Should I Work Before Retirement?: Delaying retirement can significantly boost your nest egg, Chicago Tribune 02/14/2012

  • 10 Ways to Save Your Retirement, US News 02/01/2012

  • Q&A: How secure are your retiree benefits?, Wall Street Journal 01/27/2012

  • AMR Bankruptcy’s Domino Effect, 12/02/2011

  • You’ll Never Guess Who’s Influencing How You’re Planning For Retirement, Business Insider 11/15/2011

  • How CoWorkers Influence Your 401(k) Choices, US News 11/14/2011

  • Poll: Boomers anxiety about retirement grows, 11/10/2011

  • Editorial, 11/2: Good for grandma, but worries mount, JournalStar 11/01/2011

  • New Rules for Retirement, Institutional Investor 11/01/2011

  • The debt fallout: How Social Security went ‘cash negative’ earlier than expected, Washington Post 10/29/2011

  • What Women Can Teach Us About Money, 10/21/2011

  • Leakage, ProManage 10/09/2011

  • RIIA names winners of the 2011 Excellence in Communications awards, Investment News 10/03/2011

  • Olivia Mitchell comenta por qué los consumidores jóvenes deberían limitar el gasto, YouTube 09/19/2011

  • Steve Forbes Interview: Olivia Mitchell, Pension And Retirement Expert, 08/29/2011

  • Retirement Advice: Don’t Get Old, Don’t Get Sick, Don’t Retire, 08/26/2011

  • Optimal Portfolio Choice over the Life Cycle with Flexible Work, Endogenous Retirement, and Lifetime Payouts, Oxford Journal 08/26/2011

  • Ed Schultz says Social Security lifts more than a million Floridians out of poverty, 08/25/2011

  • How Gender and Personality Count in the Age of WhoPaysWins Retirement, Knowledge@Australian School of Business 08/16/2011

  • Baby boomers fret about the rising cost of aging, 07/31/2011

  • Olivia Mitchell discusses financial literacy at the Global Corporate Center, Global Corporate Center 07/14/2011

  • The Top Women in Wealth in 2011, Advisor One 07/12/2011

  • Squared Away Blog: Frontiers in Financial Literacy, Financial Security Project 06/28/2011

  • Should Social Security set a higher age qualification to receive benefits?, Penn Population Studies Center 06/27/2011

  • Financial Engines and the Pension Research Council Host Second Annual Retirement Income Summit, Traders Huddled 06/21/2011

  • 3 Questions That Predict Your Retirement Readiness, US News 06/10/2011

  • Begin Social Security Benefits for the Right Reasons, Money 05/13/2011

  • Report Rebuffs Arguments for Privatizing Social Security, Plan Sponsor 05/09/2011

  • Http://, Advisor One 04/28/2011

  • Over to you: Workers need to fend for themselves, The Economist 04/07/2011

  • Loan Defaults Costly for Certain Group of Participants, Plan Sponsor 04/01/2011

  • Paying for Risk and Insurance Higher Ed, Risk & Insurance 04/01/2011

  • Nine reasons to be optimistic about retirement, Market Watch 03/25/2011

  • Workplace change spurs ‘pension envy’, 03/10/2011

  • (k)Plans:Frame of Reference, Plan Sponsor 03/08/2011

  • Pension Envy: Anger Brews Over Government Workers’ Benefits, 03/08/2011

  • Anger brews over government workers’ benefits, Courierpostonline 03/08/2011

  • Pensions or 401(k)s: Which is better?, Market Place 03/04/2011

  • Olivia Mitchell on Why Young Consumers Should Just Say No to Spending, Knowledge@Wharton High School 03/03/2011

  • Debate Heats Up Over Public And Private Pensions, 02/25/2011

  • How to Get Paid $850 for Getting Healthy, Money Watch 02/09/2011

  • 7 Reasons You Don’t Have a Pension, US News 02/07/2011

  • Savers’ impatience hinders retirement goals, Market Watch 02/07/2011

  • 4 Traditional Money Rules to Break Now, Smart Money 02/07/2011

  • Why We’re Not Wired for Successful Retirements, US News 02/02/2011

  • New Jersey’s $53M Pension Problem, Fox 29 News 01/04/2011

  • Redefining Retirement, AdvisorOne 12/28/2010

  • Baby boomers near 65 with retirements in jeopardy, KOTA Territory News 12/27/2010

  • Investment books for budding Warren Buffetts, Market Watch 12/23/2010

  • Trend of late retirement might be a good thing, Market Place 12/22/2010

  • 3 Reasons Your Boss Should WANT You to Keep Working Past 60, Money Watch 12/20/2010

  • Why Women Risk Retirement Disaster, and How They Can Avoid It, AdvisorOne 12/08/2010

  • Medication nation: Are baby boomers declining, or just whining?, 11/18/2010

  • Politicians helped bring Chicago’s public pension funds to the brink, Chicago Tribune 11/16/2010

  • ‘Retirewent’…and how to get it back, AdvisorOne 10/26/2010

  • Financial Literacy Brigades, AdvisorOne 10/26/2010

  • Who Says Women Can’t Get Rich Investing?, The Motley Fool 09/28/2010

  • How Boomers Can Act Now to Repair Their Nest Egg, US News 09/15/2010

  • Olivia Mitchell to Get RIIA Award at Annual Meeting, Business Week 09/03/2010

  • The 2010 Martin Feldstein Lecture – National Bureau of Economic Research, TIAACREF 07/28/2010

  • Retirement Income Gap Poses Another Challenge for Women, The Huffington Post 07/21/2010

  • Financial Literacy, 2010 Wharton Impact Conference 07/13/2010

  • Intriguing People of the Week, CNN 07/13/2010

  • Fix Social Security by hiking retirement age: A lawmaker suggests raising the retirement age to 70 — and experts agree, Market Watch 07/02/2010

  • Calpers and risk: Together forever?, Fortune 06/30/2010

  • The Economy’s Lasting Impact on Your Retirement, U.S. News 06/28/2010

  • Pension Cuts Face Test in Colorado, Minnesota, Wall Street Journal 06/11/2010

  • National Retirement Expert: 75 needs to be the new 62, 06/02/2010

  • Defaulting on Yourself: Who Loses at 401k Loans?, RAND 06/01/2010

  • Living Longer, Planning Better, 05/09/2010

  • The Savings Sweepstakes, Reirement Income Journal 05/05/2010

  • Who are the 50 Top Women in Wealth?, Wealth Manager 05/04/2010

  • Financial Literacy Center, A Joint Center for RAND, Dartmouth College, and The Wharton School, Financial Literacy Center 03/15/2010

  • America’s Financial Illiteracy, 01/10/2010

  • Financial Literacy: The Time Is Now, 07/22/2009

  • Pension Problems, Here and Now, WBUR Radio 04/10/2009

  • Financial Literacy, Reirement Planning, and Retirement Wellbeing: Lessons and Research Gaps, The Retirement Security Project 03/20/2009

  • New Strategies for Retirement, 4G Wireless Evolution 03/12/2009

  • Video on Crisis and Risk Management, Financial Times 01/30/2009

  • Stocks Are Less of Your Net Worth Than You Think, Wall Street Journal Online 12/02/2008

  • The $700 Billion Question: How Much Is That Exotic Security?, Knowlege@Wharton 10/01/2008

Knowledge @ Wharton

  • Should a Robot Run Your Retirement Portfolio?, Knowledge @ Wharton 05/12/2017
  • Retirement Is Coming — Are You Ready?, Knowledge @ Wharton 04/04/2017
  • Creating a Pension to Fit the Needs of the Rural Poor, Knowledge @ Wharton 02/24/2017
  • The Case for Phased Retirement, Knowledge @ Wharton 11/01/2016
  • Pemex’s Pension Problem: Why the Oil Giant Is on Slippery Ground, Knowledge @ Wharton 05/27/2016
  • To Save Wisely for Retirement, Sometimes Less Choice Is Best, Knowledge @ Wharton 05/05/2016
  • Will Negative Interest Rates Stimulate Growth — or Backfire?, Knowledge @ Wharton 03/01/2016
  • A Novel — and Painless — Way to Bolster Social Security’s Future, Knowledge @ Wharton 02/25/2016
  • What the Social Security Squeeze Means for Retirees, Knowledge @ Wharton 10/23/2015
  • Why Financial Literacy Programs Require Longterm Followup, Knowledge @ Wharton 04/28/2015
  • Three Questions with Implications for Your Financial Future, Knowledge @ Wharton 02/11/2015
  • Benefits Cuts: Prepare to Work Longer, Save More and Expect Less, Knowledge @ Wharton 12/17/2014
  • Borrowing from the Future: 401(k) Loans and Their Consequences, Knowledge @ Wharton 04/08/2014
  • The U.S. Deficit Shrank, but Will It Come Back Bigger Than Ever?, Knowledge @ Wharton 09/23/2013
  • The Great Deleveraging: Will Consumer Spending Ever Recover?, Knowledge @ Wharton 10/12/2011
  • Retirement Heist? Pensions, Past and Present, Knowledge @ Wharton 09/19/2011
  • Winners and Losers in the Debt Ceiling Deal, Knowledge @ Wharton 08/03/2011
  • Budget Battle in Wisconsin, Knowledge @ Wharton 02/18/2011
  • Budget Blues: What Would State Bankruptcies Accomplish?, Knowledge @ Wharton 02/16/2011
  • An End to the ‘Golden Years’: Increasing Longevity Changes the Workleisure Equation, Knowledge @ Wharton 12/06/2010
  • The ‘Silver Tsunami’: Why Older Workers Offer Better Value Than Younger Ones, Knowledge @ Wharton 12/06/2010
  • Broken Promises: Can the World’s Stressedout Pension Plans Be Rescued?, Knowledge @ Wharton 12/06/2010
  • The Big Financial Stretch: Preparing for Those Later Decades, Knowledge @ Wharton 12/06/2010
  • Can Regulations Create More Financially Savvy Consumers?, Knowledge @ Wharton 10/27/2010
  • Real Estate’s Future: ‘It Depends on What Degree of Risk You Are Looking For’, Knowledge @ Wharton 07/14/2010
  • Needed, Now: New Approaches to Financing Old Age, Knowledge @ Wharton 05/26/2010
  • Improving Our Financial IQs: Why Managing Money Should Be a Lifetime Skill, Knowledge @ Wharton 05/26/2010
  • So You Want to Live to 100? More of Us Will, and Here Is What Life Might Look Like, Knowledge @ Wharton 12/09/2009
  • Not With the Plan: State Budget Woes Create a Black Hole for U.S. Stimulus Funds, Knowledge @ Wharton 08/05/2009
  • Social Security and Medicare: Trying to Tackle Two 800pound Gorillas, Knowledge @ Wharton 05/13/2009
  • Not So Golden: Employees — and Employers — Feel the Pinch from Shortfalls in Retirement Funding, Knowledge @ Wharton 04/01/2009
  • Avoiding the Tough Issues: The Candidates on Health Care and Entitlements, Knowledge @ Wharton 10/15/2008
  • The $700 Billion Question: How Much Is That Exotic Security?, Knowledge @ Wharton 10/01/2008
  • AIG Rescued: Was an $85 Billion Loan the Right Answer?, Knowledge @ Wharton 09/17/2008
  • A Lot to Learn: Many Sovereign Wealth Fund Managers Come up Short in Measures of Sophistication, Knowledge @ Wharton 08/06/2008
  • Growing Value and Activism Bring New Scrutiny to Public Pension Funds, Knowledge @ Wharton 06/11/2008
  • The ‘Eldercare Generation’ Cares About Continuing to Work: Are Companies Interested in Keeping Them?, Knowledge @ Wharton 10/17/2007
  • You’ve Worked Hard, Saved and Just Retired: How Do You Manage Your Finances Now?, Knowledge @ Wharton 06/13/2007
  • Do Americans Save Enough? It Depends on What Calculator You Use, Knowledge @ Wharton 02/07/2007
  • Longer Lives and the ‘LumpSum Illusion’ Are Just Two of the Challenges Retiring BabyBoomers Face, Knowledge @ Wharton 07/26/2006
  • Handsoff: Holders of 401(k) Retirement Accounts Are Not Your Typical Investors, Knowledge @ Wharton 03/08/2006
  • Can the Government Deliver, On Time, Major Reform of Japan’s Postal Service?, Knowledge @ Wharton 03/01/2006
  • Unlike Death and Taxes, Pensions Are No Longer Guaranteed, Knowledge @ Wharton 02/08/2006
  • A Bumpy Road for Delphi, GM and U.S. Auto Workers, Knowledge @ Wharton 11/21/2005
  • How Well Has Chile’s Retirement Program Aged?, Knowledge @ Wharton 09/07/2005
  • Retirement Programs Face an “AgingPopulation Tsunami”, Knowledge @ Wharton 06/01/2005
  • Older Workers: Untapped Assets for Creating Value, Knowledge @ Wharton 02/09/2005
  • Underfunded Pensions: Causes, Cures and Questions, Knowledge @ Wharton 10/20/2004
  • United Airlines’ Pension Problem: Who, Ultimately, Is Going to Pay?, Knowledge @ Wharton 09/08/2004
  • Venezuela’s Fate Is Tied to Oil, and That’s the Problem, Knowledge @ Wharton 09/08/2004

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