Retirement Saving, Investment, and Spending New Lessons from Behavioral Research

Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor, Professor of Insurance and Risk Management, Professor of Business Economics and Public Policy, Executive Director of the Pension Research Council, and Director of the Boettner Center on Pensions and Retirement Research, all at the Wharton School of the University of Pennsylvania. She is also a Research Associate at the National Bureau of Economic Research, Independent Director of the Allspring Mutual Fund Boards, and Distinguished Fellow of the American Economic Association. Her research focuses on pensions, risk management, financial literacy, household finance, and public finance. Nikolai Roussanov is the Moise Y. Safra Professor and Professor of Finance at the Wharton School, University of Pennsylvania, and a Research Associate at the National Bureau of Economic Research. His research spans the intersection of asset pricing and macroeconomics across equity, fixed income, currency, and commodity markets, as well as household finance and investor behavior. His work has advanced understanding of global risk premia, carry-trade dynamics, and the macroeconomic implications of investment decisions.