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.

Books

Recalibrating Retirement Spending and Saving
John Ameriks and Olivia S. Mitchell, Editors
September 2008


As Baby Boomers transition into their 60s, they have focused policymaker and media attention on how this generation will manage the retirement phase of its lifetime. This volume acknowledges that many, though not all, in this older cohort have accumulated substantial assets, so for them, the question is what will they do with what they have? It provides a detailed exploration of how people entering retirement will deploy their accumulated assets in the near and long term, so as to best meet their myriad spending, investment, and other objectives.

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Working Papers

The Effect of Uncertain Labor Income and Social Security on Life-cycle Portfolios
Raimond Maurer, Olivia S. Mitchell, and Ralph Rogalla

Default, Framing and Spillover Effects: The Case of Lifecycle Funds in 401(k) Plans
Olivia S. Mitchell, Gary R. Mottola, Stephen P. Utkus and Takeshi Yamaguchi

Extending Life Cycle Models of Optimal Portfolio Choice: Integrating Flexible Work, Endogenous Retirement, and Investment Decisions with Lifetime Payouts
Jingjing Chai, Wolfram Horneff, Raimond Maurer, and Olivia S. Mitchell

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News

Download the latest PRC Newsletter [279K PDF]

Planadviser: Study Promotes Flexible Retirement Age and Annuity Income

Boettner Center Board Member Sam Preston Interviewed by Population Reference Bureau

MRRC Financial Literacy in Times of Turmoil conference summary available

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