The Pension Research Council

Wharton: University of Pennsylvania The Pension Research Council of the Wharton School of the University of Pennsylvania is committed to generating debate on key policy issues affecting pensions and other employee benefits. We sponsor interdisciplinary research on the entire range of private pension and social security programs, as well as related benefit plans in the United States and around the world. Olivia S. Mitchell, International Foundation of Employee Benefit Plans Professor, is the Executive Director of the Council.


Recreating Sustainable Retirement: Resilience, Solvency, and Tail Risk
Raimond Maurer, Olivia Mitchell, and P. Brett Hammond, Editors
October 2014

This book offers an in-depth analysis of the 'black swans' that threaten private and public pensions around the world such as capital market shocks, surprises to longevity, regulatory/political risk, and errors in modelling.

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Working Papers

What's Next for VEBAs? The Impact of Declining Employer-Provided Health Care Coverage and the Affordable Care Act
Erin Leighty

Financial Knowledge and 401(k) Investment Performance
Robert Clark, Annamaria Lusardi, and Olivia S. Mitchell

Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, and Ivonne Siegelin

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News and Media

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Who Will Provide?

Knowledge for Business Journalists

Survey Says: 40 Years of ERISA

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