Olivia S. Mitchell (born 1953) is an American economist and the International Foundation of Employee Benefit Plans Professor at The Wharton School of the University of Pennsylvania.[3] Her interests focus on pensions and social security, and she is the executive director of the Pension Research Council, the oldest U.S. center devoted to scholarship and policy-relevant research on retirement security.[11] She also heads Wharton's Boettner Center for Pensions and Retirement Research.[3]
Olivia S. Mitchell | |
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| Nationality | American |
| Academic career | |
| Field | Economics |
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Career
editMitchell joined The Wharton School of the University of Pennsylvania in 1993, having served from 1978 to 1993 as a professor at Cornell University; she also visited Harvard, Goethe University, Singapore Management University, and the University of New South Wales.[3] She serves as an Independent Director for the Allspring Funds Board of Trustees,[3][12] and is a member of the National Bureau of Economic Research.[13] She has served on the advisory board to the Singaporean Central Provident Fund,[3] the executive board of the American Economic Association[3] and chaired the Committee on the Status of Women in the Economics Profession.[3] In 2001 she served on the bipartisan President's Commission to Strengthen Social Security.[14] She is co-Principal Investigator for the Health and Retirement Study.[15] In 2002 and again in 2010, she was the Metzler Bank Visiting Professor at Goethe University.[3][16] At Wharton, she is a professor of Business Economics and Public Policy, and Insurance and Risk Management.[17]
Education
editMitchell earned her BA in Economics with honors from Harvard University and her MS and Ph.D. degrees in economics from the University of Wisconsin–Madison. She also received honorary degrees from the University of Pennsylvania, the University of St. Gallen,[18] and Goethe University Frankfurt.[19]
Works
editMitchell has published widely on pensions, social security reform, retirement security, and financial literacy. Her work is highly regarded: in 2018, her paper was awarded the Best Paper Award on Behavioral Aspects of Insurance Mathematics,[3] and in 2017 and again in 2021 she received the Robert C Witt Award for Best Paper in the Journal of Risk and Insurance;[20] she also received the EBRI Lillywhite Award the same year.[21] In 2008 and again in 2017 she was awarded the Roger F. Murray Prize from the Institute for Quantitative Research in Finance.[3] In 2016 she was selected as a CRAIN "Top 100 Innovators, Disruptors, and Change-Makers in Business",[8] while in 2011 she was named one of the “25 Most Influential People”[22] and “50 Top Women in Wealth”[23] by Investment Advisor Magazine; in 2010 she received the Retirement Income Industry Association Award for Achievement in Applied Retirement Research.[24] In 2008 Mitchell received the Carolyn Shaw Bell Award from the Committee on the Status of Women in the Economics Profession,[25] and in 2007 she received the Fidelity Pyramid Research Institute Prize for her co-authored study on financial literacy.[26] In 2003 she received the Premio Internazionale dell'Istituto Nazionale delle Assicurazioni, awarded at the Accademia Nazionale dei Lincei in Rome, Italy,[3] and in 1999 her co-authored work received the Paul A. Samuelson Award for Scholarly Writing on Lifelong Financial Security from TIAA-CREF.[3] Mitchell was named a Distinguished Fellow of the American Economic Association in 2023.[27]
Selected recent academic articles
edit- Lusardi, Annamaria and Olivia S. Mitchell. (2023). “The Importance of Financial Literacy: Opening a New Field.” Journal of Economic Perspectives, 27(4):137-154.
- Lusardi, Annamaria, Pierre-Carl Michaud, and Olivia S. Mitchell. (2017). “Optimal Financial Literacy and Wealth Inequality.” Journal of Political Economy, 125(2): 431–477.
- Brown, Jeffrey R., Arie Kapteyn, Erzo Luttmer, and Olivia S. Mitchell. (2017). “Cognitive Constraints on Valuing Annuities.” Journal of the European Economic Association, 15(2): 429–462.
- Maurer, Raimond, Olivia S. Mitchell, Ralph Rogalla, and Ivonne Siegelin. (2016). “Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities.” Insurance: Mathematics and Economics, 71: 268–283.
- Kim, Hugh Hoikwang, Raimond Maurer, and Olivia S. Mitchell. (2016). “Time is Money: Rational Life Cycle Inertia and the Delegation of Investment Management.” Journal of Financial Economics, 121(2): 231–448.
- Dimmock, Stephen G., Roy Kouwenberg, Olivia S. Mitchell and Kim Peijnenburg. (2016). “Ambiguity Aversion and Household Portfolio Choice Puzzles: Empirical Evidence.” Journal of Financial Economics, 119(3): 559–577.
- Brown, Jeffrey R., Arie Kapteyn, and Olivia S. Mitchell. (2016). “Framing and Claiming: How Information Framing Affects Expected Social Security Claiming Behavior.” Journal of Risk and Insurance, 83(1): 139–162.
- Hubener, Andreas, Raimond Maurer, and Olivia S. Mitchell. (2015) “How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios.” Review of Financial Studies, 29(1): 937–978.
Selected books
edit- P. Brett Hammond, Raimond Maurer and Olivia S. Mitchell, eds. "Pension Funds and Sustainable Investment: Challenges and Opportunities". Oxford University Press. 2023.
- Olivia S. Mitchell, P. Brett Hammond, and Stephen Utkus, eds. "Financial Decision Making and Retirement Security in an Aging World". Oxford University Press. 2017.
- Olivia S. Mitchell, Raimond Maurer, and J. Michael Orszag, eds. "Retirement System Risk Management: Implications of the New Regulatory Order". Oxford University Press. 2016.
- Olivia S. Mitchell and Kent Smetters. "The Market for Retirement Financial Advice". Oxford University Press. 2013
- Raimond Maurer, Olivia S. Mitchell, and Mark Warshawsky, eds. "Reshaping Retirement Security: Lessons from the Global Financial Crisis". Oxford University Press. 2012.
- Olivia S. Mitchell and Annamaria Lusardi, eds. "Financial Literacy". Oxford University Press. 2011.
- Olivia S. Mitchell, John Piggott, and Noriyuki Takayama, eds. "Securing Lifelong Retirement Income". Oxford University Press. 2011.
- Olivia S. Mitchell and Gary W. Anderson, eds. "The Future of Public Employee Retirement Systems". Oxford University Press. 2009.
- Olivia S. Mitchell and Stephen P. Utkus, eds. "Pension Design and Structure: New Lessons from Behavioral Finance". Oxford, UK: Oxford University Press, 2004.
- Jeffrey Brown, Olivia S. Mitchell, James Poterba, and Mark Warshawsky. "The Role of Annuity Markets in Financing Retirement". MIT Press, 2001.
References
edit- ^ "American Economic Association: Olivia Mitchell, Distinguished Fellow 2023".
- ^ "FINRA Foundation Awards 2019 Ketchum Prize to Dr. Olivia S. Mitchell".
- ^ a b c d e f g h i j k l m "Curriculum Vitae: Olivia S. Mitchell". June 2017. Retrieved 14 July 2017.
- ^ "Journal of Risk and Insurance: 2021 Robert C. Witt Award".
- ^ "Journal of Risk and Insurance: 2017 Robert C. Witt Award".
- ^ "Olivia Mitchell Named 2016 EBRI Lillywhite Award Winner" (PDF). Archived from the original (PDF) on 2017-06-07. Retrieved 2018-02-07.
- ^ "2016 Roger F. Murray Prize Winners". Archived from the original on 2018-02-08. Retrieved 2018-02-07.
- ^ a b "Olivia Mitchell: CRAIN 100".
- ^ "Top 10 women in economics".
- ^ "OLIVIA S. MITCHELL NAMED RECIPIENT OF THE 2007 CAROLYN SHAW BELL AWARD".
- ^ "The Pension Research Council".
- ^ "People: Wells Fargo Advantage Global Dividend Opportunity Fund (EOD): People". Reuters.
- ^ "Olivia S. Mitchell".
- ^ "Members of the President's Commission to Strengthen Social Security".
- ^ "HRS Online: Olivia S. Mitchell".
- ^ "Visiting Professors". Retrieved 7 February 2018.
- ^ "Olivia S. Mitchell". Business Economics and Public Policy Department. University of Pennsylvania.
- ^ "University of St. Gallen: Honorary Doctor".
- ^ "Goethe University Frankfurt: Honorary Doctor". 2 March 2022.
- ^ "2017 ARIA Award Winners" (PDF).
- ^ "Olivia Mitchell Named 2016 EBRI Lillywhite Award Winner" (PDF). Archived from the original (PDF) on 2017-06-07. Retrieved 2018-02-07.
- ^ Sullivan, John. "Olivia Mitchell, International Foundation of Employee Benefit Plans: Extended 2011 IA 25 Profile." AdvisorOne April 2011. 17 April 2012 .
- ^ Satter, Marlene Y. “Olivia Mitchell: Helping Women Improve Their Financial Literacy—Top Women Extended Profile.” AdvisorOne. July 2011. 17 April 2012.
- ^ Francis, Willette. “Olivia Mitchell to Get RIIA Award at Annual Meeting.” AdvisorOne. September 2010. 17 April 2012.
- ^ "OLIVIA S. MITCHELL NAMED RECIPIENT OF THE 2007 CAROLYN SHAW BELL AWARD".
- ^ "Honors & Other Things". University of Pennsylvania Almanac. 54 (18). 2008-01-22. Retrieved 12 July 2012.
- ^ "American Economic Association: Olivia Mitchell, Distinguished Fellow 2023".
External links
edit- The Pension Research Council
- The Boettner Center for Pensions and Retirement Research
- Olivia S. Mitchell publications indexed by Google Scholar
- Appearances on C-SPAN
- Curriculum Vitae
- Research Collaborations: Olivia S. Mitchell
- News Links: Olivia S. Mitchell
- Knowledge at Wharton: Olivia S. Mitchell
- Interview with Olivia Mitchell: Recipient of the 2007 Carolyn Shaw Bell Award
- Prof. Olivia S. Mitchell - "Retirement Advice Post-COVID"
- Building Better Retirement Systems in the Wake of the Global Pandemic - Professor Olivia S. Mitchell
- Olivia S. Mitchell, PhD Extended Interview 1080