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Papers by Olivia Mitchell

Research paper thumbnail of Factors Influencing the Choice of Pension Distribution at Retirement

Research paper thumbnail of Overview: Developments in Risk Management for Retirement Security

The Pension Challenge, 2003

Research paper thumbnail of Financial Innovation for an Ageing World | Conference – 2006

Research paper thumbnail of Financial Well-being among Black and Hispanic Women

Research paper thumbnail of Movements In and Out of Poverty at Older Ages: Evidence from the HRS

Research paper thumbnail of Financial Literacy and Financial Behavior at Older Ages

SSRN Electronic Journal, 2022

Research paper thumbnail of Financial Literacy and Suboptimal Financial Decisions at Older Ages

SSRN Electronic Journal, 2019

Research paper thumbnail of Integrating Payouts: Annuity Design and Public Pension Benefits in Mandatory Defined Contribution Plans

The Pension Challenge, 2003

Research paper thumbnail of Securing Public Pension Promises through Funding

The Pension Challenge, 2003

Research paper thumbnail of An Analysis of Investment Advice to Retirement Plan Participants

The Pension Challenge, 2003

Research paper thumbnail of Money-Back Guarantees in Individual Pension Accounts: Evidence from the German Pension Reform

The Pension Challenge, 2003

Research paper thumbnail of Demographic shift and financial risk

Research paper thumbnail of Financial Innovation for an Aging World

Research paper thumbnail of Financial Innovation for an Ageing World

RePEc: Research Papers in Economics, Aug 1, 2006

Research paper thumbnail of Pros and Cons of Remaining in a 401(K) Plan After Retirement

Financial Services Review

This paper examines whether retirees would benefit from staying in their companies’ 401(k) plans ... more This paper examines whether retirees would benefit from staying in their companies’ 401(k) plans after retirement, versus rolling their savings over to Individual Retirement Accounts (IRAs). Our focus is on individuals having low or moderate levels of financial literacy. We conclude that many such retirees would likely find it financially rewarding to retain their assets in their 401(k) plans. While IRAs currently offer a wider range of advice or distribution options compared with 401(k) plans, we close by pointing to legislative and technological developments that may produce better outcomes, more retirement confidence, and greater security for retirees.

Research paper thumbnail of Optimal Retirement Portfolios with Fixed and Variable Longevity Annuities in Defined Contribution Plans taking Social Security into Account

Research paper thumbnail of Do State-Sponsored Retirement Plans Boost Retirement Saving?

AEA Papers and Proceedings

Oregon recently launched an automatic-enrollment retirement savings program for private sector wo... more Oregon recently launched an automatic-enrollment retirement savings program for private sector workers lacking access to other workplace retirement plans. We analyze participation choices, account balances, and inflow/outflow data using administrative records between August 2018 and April 2020. Within the small to mid-sized firms served by OregonSaves, estimated average after-tax earnings are low ($2,365 per month) and turnover rates are high (38.2 percent per year). Younger employees and employees in larger firms are less likely to opt out, but participation rates fall over time. Overall, we conclude that OregonSaves has meaningfully increased employee savings by reducing search costs.

Research paper thumbnail of Cognitive Ability, Financial Literacy, and the Demand for Financial Advice at Older Ages: Findings from the Health and Retirement Study

Research paper thumbnail of Debt Close to Retirement and Its Implications for Retirement Well-being

SSRN Electronic Journal, 2019

Research paper thumbnail of Exploring the Risks and Consequences of Elder Fraud Victimization: Evidence from the Health and Retirement Study

SSRN Electronic Journal, 2017

Research paper thumbnail of Factors Influencing the Choice of Pension Distribution at Retirement

Research paper thumbnail of Overview: Developments in Risk Management for Retirement Security

The Pension Challenge, 2003

Research paper thumbnail of Financial Innovation for an Ageing World | Conference – 2006

Research paper thumbnail of Financial Well-being among Black and Hispanic Women

Research paper thumbnail of Movements In and Out of Poverty at Older Ages: Evidence from the HRS

Research paper thumbnail of Financial Literacy and Financial Behavior at Older Ages

SSRN Electronic Journal, 2022

Research paper thumbnail of Financial Literacy and Suboptimal Financial Decisions at Older Ages

SSRN Electronic Journal, 2019

Research paper thumbnail of Integrating Payouts: Annuity Design and Public Pension Benefits in Mandatory Defined Contribution Plans

The Pension Challenge, 2003

Research paper thumbnail of Securing Public Pension Promises through Funding

The Pension Challenge, 2003

Research paper thumbnail of An Analysis of Investment Advice to Retirement Plan Participants

The Pension Challenge, 2003

Research paper thumbnail of Money-Back Guarantees in Individual Pension Accounts: Evidence from the German Pension Reform

The Pension Challenge, 2003

Research paper thumbnail of Demographic shift and financial risk

Research paper thumbnail of Financial Innovation for an Aging World

Research paper thumbnail of Financial Innovation for an Ageing World

RePEc: Research Papers in Economics, Aug 1, 2006

Research paper thumbnail of Pros and Cons of Remaining in a 401(K) Plan After Retirement

Financial Services Review

This paper examines whether retirees would benefit from staying in their companies’ 401(k) plans ... more This paper examines whether retirees would benefit from staying in their companies’ 401(k) plans after retirement, versus rolling their savings over to Individual Retirement Accounts (IRAs). Our focus is on individuals having low or moderate levels of financial literacy. We conclude that many such retirees would likely find it financially rewarding to retain their assets in their 401(k) plans. While IRAs currently offer a wider range of advice or distribution options compared with 401(k) plans, we close by pointing to legislative and technological developments that may produce better outcomes, more retirement confidence, and greater security for retirees.

Research paper thumbnail of Optimal Retirement Portfolios with Fixed and Variable Longevity Annuities in Defined Contribution Plans taking Social Security into Account

Research paper thumbnail of Do State-Sponsored Retirement Plans Boost Retirement Saving?

AEA Papers and Proceedings

Oregon recently launched an automatic-enrollment retirement savings program for private sector wo... more Oregon recently launched an automatic-enrollment retirement savings program for private sector workers lacking access to other workplace retirement plans. We analyze participation choices, account balances, and inflow/outflow data using administrative records between August 2018 and April 2020. Within the small to mid-sized firms served by OregonSaves, estimated average after-tax earnings are low ($2,365 per month) and turnover rates are high (38.2 percent per year). Younger employees and employees in larger firms are less likely to opt out, but participation rates fall over time. Overall, we conclude that OregonSaves has meaningfully increased employee savings by reducing search costs.

Research paper thumbnail of Cognitive Ability, Financial Literacy, and the Demand for Financial Advice at Older Ages: Findings from the Health and Retirement Study

Research paper thumbnail of Debt Close to Retirement and Its Implications for Retirement Well-being

SSRN Electronic Journal, 2019

Research paper thumbnail of Exploring the Risks and Consequences of Elder Fraud Victimization: Evidence from the Health and Retirement Study

SSRN Electronic Journal, 2017

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