Reorienting Retirement Risk Management

Olivia S. Mitchell is Executive Director of the Pension Research Council, The Wharton School, University of Pennsylvania , 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 areprivate 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 HarvardUniversity 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 theAdvisory 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, theGerontological 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.