Reorienting Retirement Risk Management

This volume explores how workers and firms should reassess the risks associated with retirement saving and dissaving to identify creative ways to enhance retirement risk management. It examines the key role for financial literacy and education programs, better pension design and innovative financial products in addressing new economic realities.

Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management, the Executive Director of the Pension Research Council, and the Director of the Boettner Center on Pensions and Retirement Research at the Wharton School. Concurrently Dr. Mitchell is a Research Associate at the National Bureau of Economic Research and a Co-Investigator for the AHEAD/Health and Retirement Studies at the University of Michigan. Dr. Mitchell's main areas of research and teaching are private and public insurance, risk management, public finance and labor markets, and compensation and pensions, with a US and an international focus. She received the B.A. in Economics from Harvard University and the M.A. and Ph.D. degrees in Economics from the University of Wisconsin-Madison.
Robert L. Clark is Professor of Management, Innovation, and Entrepreneurship and Professor of Economics at North Carolina State University. His research interests include retirement decisions, the choice between defined benefit and defined contribution plans, the impact of pension conversions to defined contribution and cash balance plans, the role of information and communications on 401(k) contributions, government regulation of pensions, and Social Security. Professor Clark serves on the Advisory Board of Wharton's Pension Research Council, is a Fellow of the Employee Benefit Research Institute and the TIAA-CREF Institute, and a member of the American Economic Association, the Gerontological Society of America, International Union for the Scientific Study of Population, and the National Academy of Social Insurance. Professor Clark earned an MA and the Ph.D. from Duke University and a BA from Millsaps College.