The contributors to Pension Design and Structure explore the assumptions behind commonly-held theories of retirement decision-making, and the consequences of the growing volume of research in behavioral finance and economics for the field of pension research. This is the first book to explore the implications of behavioral finance research for pensions and retirement studies.
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Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management, and Executive Director of the Pension Research Council at the Wharton School of the University of Pennsylvania, and also a Research Associate at the National Bureau of Economic Research. Her academic research explores private and publica insurance, risk management, public finance and labour markets, and compensation and pensions, with both a US and international focus. She recently served on President Bush's Commission to Strengthen Social Security.
Stephen P. Utkus is the Director of the Vanguard Center for Retirement Research, where he conducts and sponsors research on retirement savings and retirement benefits. His current research interests include attitudes and expectations regarding retirement, financial markets, and employer-sponsored retirement plans; the psychological and behavioral aspects of participant decision-making; trading and investment behavior among retirement plan participants; fiduciary issues arising from retirement programs; and global trends in public and private pension plans. Mr. Utkus is a member of the advisory board of the Wharton Pension Research Council, and he is currently a Visiting Scholar at The Wharton School.
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