Overcoming the Saving Slump: How to Increase the Effectiveness of Financial Education and Saving Programs Edited by Annamaria Lusardi
Contents Preface Introduction Annamaria Lusardi Part I The Shift from Defined Benefit to Defined Contribution Pensions and Financial Regulation 1. The Changing Landscape of Pensions in the United States James M. Poterba, Steven F.Venti, and David A.Wise 2. Do Workers Know About their Pensions? Comparing Workers and Employers Pension Information Alan L. Gustman, Thomas S. Steinmeier, and Nahid Tabatabai 3. The Trilateral Dilemma in Financial Regulation Howell E. Jackson Part II Portfolio Choice, Life-Cycle Funds and Annuities 4. Red, Yellow, and Green: Measuring the Quality of 401(k) Portfolio Choices Gary R. Mottola and Stephen P. Utkus 5. Life-Cycle Funds Luis M. Viceira 6. Understanding the Role of Annuities in Retirement Planning Jeffrey R. Brown
Part III Improving Financial Education and Saving Programs 7. New Ways to Make People Save: A Social Marketing Approach Annamaria Lusardi, Punam Anand Keller, and Adam M. Keller 8. Adjusting Retirement Goals and Saving Behavior: The Role of Financial Education Robert L. Clark and Madeleine D Ambrosio 9. Financial Education in High School Lewis Mandell 10. Learning from Individual Development Accounts Michael Sherraden and Ray Boshara Part IV Learning from the US and Other Countries 11. Learning from the Chilean Experience: The Determinants of Pension Switching Olivia S. Mitchell, Petra E. Todd, and David Bravo 12. Learning from the Experience of Sweden: The Role of Information and Education in Pension Reform Annika Sundén 13. Learning from the Experience of OECD Countries: Lessons for Policy, Programs, and Evaluations Barbara A. Smith and Fiona Stewart. Contributors Author Index Subject Index
Contributors [Editor] Annamaria Lusardi is professor of economics at Dartmouth College and a research associate at the National Bureau of Economic Research. Ray Boshara is vice president and director of the Asset Building Program at the New America Foundation. David Bravo is professor of economics and director of the Center of Microdata at the University of Chile. Jeffrey R. Brown is the William G. Karnes Professor of Finance at the College of Business at the University of Illinois at Urbana-Champaign, a member of the Social Security Advisory Board, and associate director of the National Bureau of Economic Research Retirement Research Center. Robert L. Clark is professor of business management and economics at the North Carolina State University College of Management. Madeleine D Ambrosio is vice president and executive director of the TIAA-CREF Institute. Alan L. Gustman is the Lauren M. Berry Professor of Economics at Dartmouth College and a research associate at the National Bureau of Economic Research. Howell E. Jackson is vice dean for budget and the James S. Reid Jr. Professor of Law at Harvard Law School. Punam Anand Keller is the Charles Henry Jones Third Century Professor of Management at the Tuck School of Business at Dartmouth College. Adam M. Keller is executive vice president for finance and administration at Dartmouth College. Lewis Mandell is professor of economics at the School of Management, State University of New York-Buffalo. Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management and the executive director of the Pension Research Council at the Wharton School of the University of Pennsylvania. Gary R. Mottola is a researcher at the Vanguard Center for Retirement Research and a visiting scholar at the Wharton School.
James M. Poterba is Mitsui Professor of Economics and head of the MIT economics department and director of the Public Economics Research Program at the National Bureau of Economic Research. Michael Sherraden is the Benjamin E. Youngdahl Professor of Social Development and director of the Center for Social Development at the George Warren Brown School of Social Work at Washington University in St. Louis. Barbara A. Smith is senior supervisory policy analyst in the Consumer and Community Affairs Division of the Board of Governors of the Federal Reserve System. Fiona Stewart is an administrator in the Financial Affairs Division of the Organisation for Economic Co-operation and Development. Thomas L. Steinmeier is professor of economics at Texas Tech University and a research economist at the National Bureau of Economic Research. Annika Sundén is a research associate at the Swedish Institute for Social Research at Stockholm University and head of the Research Unit at the Swedish Social Insurance Agency. Nahid Tabatabai is a research associate in economics at Dartmouth College. Petra E. Todd is professor of economics at the University of Pennsylvania and a research associate at the National Bureau of Economic Research.. Stephen P. Utkus is director of the Vanguard Center for Retirement Research and a visiting scholar at the Wharton School. Steven F. Venti is the DeWalt H. Ankeny Professor of Economic Policy at Dartmouth College and a research associate at the National Bureau of Economic Research. Luis M. Viceira is professor of business administration at Harvard Business School, a faculty research fellow for the National Bureau of Economic Research, and a research affiliate at the Centre for Economic Policy Research. David A. Wise is the John F. Stambaugh Professor of Political Economy at the John F. Kennedy School of Government, Harvard University, and the director of the Program on the Economics of Aging at the National Bureau of Economic Research.