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Olivia S. Mitchell

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Contact Information

International Foundation of Employee Benefit Plans Professor

Professor of Insurance/Risk Management and Business Economics

Department of Insurance & Risk Management
The Wharton School, University of Pennsylvania
3620 Locust Walk, 3000 SHDH
Philadelphia, PA 19104
Ph: 215-898-0424
Fax : 215-898-0310
Email: mitchelo@wharton.upenn.edu

Education

University of Wisconsin-Madison, Ph.D., Economics, 1978
University of Wisconsin-Madison, M.A., Economics, 1976
Harvard University, B.A. magna cum laude, Economics, 1974

Co-Investigator
Health and Retirement Study
Web site(leaving this site)      Curriculum Vitae
 

Research and Projects

Professor Mitchell's main areas of research focus on private and public insurance, risk management, public finance and labor markets, and compensation and pensions, with a US and an international focus. Her published work analyzes public and private retirement pensions as well as links between wealth, health, and retirement. Mitchell has served on the President's Commission to Strengthen Social Security and the ERISA Advisory Council. Her study on Social Security reform won the Paul Samuelson Award for "Outstanding Writing on Lifelong Financial Security" from TIAA-CREF. She has spoken before the World Economic Forum; the International Monetary Fund: the Investment Company Institute; the International Foundation of Employee Benefit Plans; the White House Conference on Social Security; the President's Economic Forum; and she has provided testimony to committees of the US Congress, the UK Parliament, the Australian Parliament, and the Brazilian Senate.

Selected Recent Publications

Olivia S. Mitchell and Annamaria Lusardi, eds.. Financial Literacy: Implications for Retirement Security and the Financial Marketplace. [In progress]

Tang, Ning, Olivia S. Mitchell, Gary Mottola, and Steve Utkus. The Efficiency of Sponsor and Participant Portfolio Choices in 401(k) Plans. Journal of Public Economics [Forthcoming]

Fong, Joelle H.Y. Olivia S. Mitchell, and Benedict S. K. Koh. Longevity Risk Management in Singapore's National Pension System. Journal of Risk and Insurance [Forthcoming]

Clark, Robert L. and Olivia S. Mitchell. How Does Retiree Health Insurance Influence Public Sector Employee Saving?. Journal of Health Economics. 38: 109-118 [2014]

Fong, Joelle H. Benedict SK. Koh, and Olivia S. Mitchell. Functional Disabilities and Nursing Home Admittance. Health Services Research. Forthcoming. [2014]

Lusardi, Annamaria and Olivia S. Mitchell. The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature. 52(1): 5-44. (Lead article) [2014]

Mitchell, Olivia S. and Raimond Maurer. Recreating Retirement Sustainability. Recreating Sustainable Retirement: Resilience, Solvency, and Tail Risk. Oxford University Press. Forthcoming [2014]

Olivia S. Mitchell, Brett Hammond, and Raimond Maurer, eds. Recreating Sustainable Retirement: Resilience, Solvency, and Tail Risk. Oxford: Oxford University Press [2014]

Brown, Jeffrey R., Arie Kapteyn, and Olivia S. Mitchell. Framing and Claiming: How Information Framing Affects Expected Social Security Claiming Behavior. Journal of Risk and Insurance. July 2013 (Lead article) [2013]

Lusardi, Annamaria, Olivia S. Mitchell, and Vilsa Curto. Financial Literacy and Financial Sophistication among Older Americans. Journal of Pension Economics and Finance. 13: 347-366. (Lead article) [2013]

Maurer, Raimond, Olivia S. Mitchell, Ralph Rogalla, and Vasily Kartashov. Lifecycle Portfolio Choice with Stochastic and Systematic Longevity Risk, and Variable Investment-Linked Deferred Annuities. Journal of Risk and Insurance. 80(3): 649-676 [2013]

Olivia S. Mitchell and Kent Smetters. The Market for Financial Advice. Oxford: Oxford University Press [2013]

Behrman, Jere, Olivia S. Mitchell, Cindy Soo, and David Bravo. Financial Literacy, Schooling, and Wealth Accumulation. American Economic Review P&P. 102 (3): 300-304 [2012]

Chai, Jingjing, Raimond Maurer, Olivia S. Mitchell, and Ralph Rogalla. Lifecycle Impacts of the Financial and Economic Crisis on Household Optimal Consumption, Portfolio Choice, and Labor Supply. In Reshaping Retirement Security: Lessons from the Global Financial Crisis. Oxford: Oxford University Press. 120-151 [2012]

Committee on the Long-Run Macro-Economic Effects of the Aging. U.S. Population. Aging and the Macroeconomy: The Long-Term Implications of an Older Population. National Research Council, National Academy of Science. National Academy Press [2012]

Maurer, Raimond, Olivia S. Mitchell, and Mark Warshawsky. Rebuilding Retirement System Resiliency in the Wake of the Financial Crisis. World Financial Review. Novermber 2012 [2012]

Maurer, Raimond, Olivia S. Mitchell, and Mark Warshawsky. Retirement Security and the Financial and Economic Crisis: An Overview. In Reshaping Retirement Security: Lessons from the Global Financial Crisis. Oxford: Oxford University Press. 1-12 [2012]

Mitchell, Olivia S. Public Pension Pressures. In When States Go Broke: The Origins, Context, and Solutions for the American States in Fiscal Crisis. Cambridge, UK: Cambridge University Press: 57-76 [2012]

Raimond Maurer, Olivia S. Mitchell, and Mark Warshawsky. Reshaping Retirement Security: Lessons from the Global Financial Crisis. Oxford: Oxford University Press [2012]

Tang, Ning, Olivia S. Mitchell and Stephen P. Utkus. Trading in 401(k) Plans during the Financial Crisis. Retirement Security and the Financial and Economic Crisis: An Overview. In Reshaping Retirement Security: Lessons from the Global Financial Crisis. Oxford: Oxford University Press: 101-119 [2012]

Olivia S. Mitchell, John Piggott, and Noriyuke Takayama, eds. Revisiting Retirement Payouts: Market Developments and Policy Issues. Oxford University Press [2011]

Chai, Jingjing, Wolfram Horneff, Raimond Maurer, and Olivia S. Mitchell. Optimal Portfolio Choice over the Life Cycle with Flexible Work, Endogenous Retirement, and Lifetime Payouts. Review of Finance (forthcoming). NBER WP 15079 [2011]

Hastings, Justine, Olivia S. Mitchell, and Eric Chyn. Fees, Framing, and Financial Literacy in the Choice of Pension Managers. In Financial Literacy: Implications for Retirement Security and the Financial Marketplace. Oxford: Oxford University Press: 101-115 [2011]

Lusardi, A., and O.S. Mitchell. Financial Literacy and Planning: Implications for Retirement Wellbeing. In Financial Literacy: Implications for Retirement Security and the Financial Marketplace. Oxford: Oxford University Press: 17-39 [2011]

Lusardi, A., and O.S. Mitchell. The Outlook for Financial Literacy. In Financial Literacy: Implications for Retirement Security and the Financial Marketplace. Oxford: Oxford University Press: 1-16 [2011]

Lusardi, Annamaria and Olivia S. Mitchell. Financial Literacy around the World: An Overview. Journal of Pension Economics and Finance, October: 497-508 [2011]

Robert Clark and Olivia S. Mitchell, eds. Reorienting Retirement Risk Management. Oxford University Press [2010]

Committee on the Fiscal Future of the United States. Choosing the Nation's Fiscal Future Structure: New Lessons from Behavioral Finance. For the National Research Council and National Academy of Public Administration, Behavioral & Social Sciences &Education. National Academy Press [2010]

Lusardi, Annamaria, Olivia S. Mitchell, and Vilsa Curto. Financial Literacy among the Young: Evidence and Implications for Consumer Policy. (44, 2): 358-380 [2010]

Horneff, Wolfram J. Raimond H. Maurer, Olivia S. Mitchell, and Michael Z. Stamos. Variable Payout Annuities and Dynamic Portfolio Choice in Retirement. Journal of Pension Economics and Finance. 9, April: 163-183 [2010]

Mitchell, Olivia S. Retirement Risk Management in Times of Turmoil. Elder Law Journal. 17(2) 439-460 [2010]

Gary Anderson and Olivia S. Mitchell, eds. The Future of Public Employee Retirement Systems. Oxford University Press [2009]

Burkhauser, Richard, Alan Gustman, John Laitner, Olivia S. Mitchell, and Amanda Sonnega. Social Security Research at the Michigan Retirement Research Center. Social Security Bulletin. 69 (4): 200. 51-64 [2009]

Horneff, Wolfram, Raimond Maurer, Olivia S. Mitchell, and Michael Stamos. Asset Allocation and Location over the Life Cycle with Survival-Contingent Payouts. Journal of Banking and Finance. (33) 9 September: 1688-1699 [2009]

Maurer, Raimond, Olivia S. Mitchell, and Ralph Rogalla. Managing Contribution and Capital Market Risk in a Funded Public Defined Benefit Plan: Impact of CVaR Cost Constraints. Insurance: Mathematics & Economics [2009]

Mitchell, Olivia S. and John W. Phillips. Hypothetical versus Actual Earnings Profiles: Implications for Social Security Reform. September: 1688-1699 [2009]

John Ameriks and Olivia S. Mitchell, eds. Recalibrating Retirement Spending and Saving. Oxford University Press [2008]

Lu, Bei, Olivia S. Mitchell, and John Piggott. Notional Defined Contribution Pension and Public Reserve Funds in Ageing Economies. International Social Security Review. 61(4) December: 1-23 [2008]

Mitchell, Olivia S., John Piggott, and Satoshi Shimizutani. An Empirical Analysis of Patterns in the Japanese Long-Term Care Insurance System. Geneva Papers on Risk and Insurance. (33): 694-709 [2008]

Mitchell, Olivia S., John Piggott, and Cagri Kumru. Managing Public Investment Funds: Best Practices and New Challenges. Journal of Pension Economics and Finance. 7 (3): 321-356 [2008]

Coronado, Julia, Steven Sharpe, Olivia S. Mitchell, and S. Blake Nesbitt. Footnotes Aren’t Enough: The Impact of Pension Accounting on Stock Values. Journal of Pension Economics and Finance. 7 (3):257-276 [2008]

Lusardi, Annamaria and Olivia S. Mitchell. Planning and Financial Literacy: How Do Women Fare?. American Economic Review 98:2, 413–417 [2008]

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