Pension Research Council

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.

Financial Literacy
Olivia S. Mitchell and Annamaria Lusardi, Editors
November 2011

This volume explores how financial literacy can enhance peoples' ability to make informed economic choices. It examines causality using controlled settings to disentangle whether financial literacy causes saving or vice versa, and demonstrates that financial education programs do indeed enhance financial decision-making and asset accumulation.

» View all books

Participating Payout Life Annuities - Lessons from Germany
Raimond Maurer, Ralph Rogalla, and Ivonne Siegelin

Target-Date Funds in 401(k) Retirement Plans
Olivia S. Mitchell and Stephen P. Utkus

Financial Sophistication in the Older Population
Annamaria Lusardi, Olivia S. Mitchell, and Vilsa Curto

» View all abstracts

Download the latest PRC Newsletter [401K PDF]

Reuters: Lack of financial literacy can hurt retirement

AdvisorOne.com: Financial Literacy Low Among Vulnerable Population

Bloomberg.com: Putting Off Retirement, Not Finding Work

» More News & Media

Retire Secure: The PRC Blog