“Are Retirement Planning Tools Substitutes or Complements to Financial Capability?” by Gopi Shah Goda, Matthew R. Levy, Colleen Flaherty Manchester, Aaron Sojourner, Joshua Tasoff, Jiusi Xiao (Discussion Paper No. 15758, November 2022, .pdf format, 66p.). Note: A link to the abstract and the full-text of this paper is available at:
December 14, 2022
CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – December 14, 2022
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July 18, 2022
CAAR – National Bureau of Economic Research Working Paper – July 18, 2022
Links to an abstract are available. For full text availability check your organization’s library. “New Evidence on the Demand for Advice within Retirement Plans,” by Jonathan Reuter and David P. Richardson (w30261, July 2022, .pdf format, 45p.).
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November 18, 2020
CAAR – International Longevity Centre [UK] Report – November 18, 2020
“Peace of mind: Understanding the non-financial value of financial advice,” by Arunima Himawan (November 2020, .pdf format, 70p.).
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January 13, 2020
CAAR – University of Pennsylvania, Wharton School, Pension Research Council Working Papers – January 13, 2020
A. “How Cognitive Ability and Financial Literacy Shape the Demand for Financial Advice at Older Ages,” by Hugh Hoikwang Kim, Raimond Maurer, and Olivia S. Mitchell (WP2020-02, January 2020, .pdf format, 28p.). Note: Links to the abstract and the full text of this paper available at:
repository.upenn.edu/prc_papers/574/
B. “Target Date Funds and Portfolio Choice in 401(k) Plans,” by Olivia S. Mitchell and Stephen P. Utkus (WP2020-03, January 2020, .pdf format, 33p.). Note: Links to the abstract and the full text of this paper available at:
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November 29, 2019
CAAR – International Longevity Centre [UK] Report – November 29, 2019
“What it’s worth – Revisiting the value of financial advice,” by Brian Beach (November 2019, .pdf format, 15p.).
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April 15, 2019
CAAR – National Bureau of Economic Research Working Paper – April 15, 2019
Links to an abstract are available. For full text availability check your organization’s library. “How Cognitive Ability and Financial Literacy Shape the Demand for Financial Advice at Older Ages,” by Hugh Hoikwang Kim, Raimond Maurer, and Olivia S. Mitchell (w25750, April 2019, .pdf format, 18p.).
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February 15, 2019
CAAR – University of Pennsylvania, Wharton School, Pension Research Council Working Papers – February 16, 2019
A. “Trust and Retirement Preparedness: Evidence from Singapore,” by Benedict Koh, Olivia S. Mitchell, and Joelle H. Fong (WP2019-3, February 2019, .pdf format, 38p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2019/02/WP-2019-3-Koh-et-al.pdf
B. “Ambiguity Attitudes about Investments: Evidence from the Field,” by Kanin Anantanasuwong, Roy Kouwenberg, Olivia S. Mitchell, and Kim Peijnenburg (WP2019-2, February 2019, .pdf format, 18p.).
C. “Retirement Preparedness and Financial Literacy in Singapore: How Do the Self-Employed Compare?” by Benedict Koh and Olivia S. Mitchell (WP2019-1, January 2019, .pdf format, 34p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2019/02/WP-2019-1-Koh-and-Mitchell.pdf
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December 17, 2018
CAAR – University of Pennsylvania, Wharton School, Pension Research Council Working Papers – December 17, 2018
A. “The Emergence of the Robo-advisor,” by Jill E. Fisch, Marion Labouré, and John A. Turner (WP2018-12, December 2018, .pdf format, 59p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/12/WP-2018-12-Fisch-et-al.pdf
B. “Transformation of Investment Advice: Digital Investment Advisors as Fiduciaries,” by Jennifer L. Klass and Eric L. Perelman (WP2018-13, December 2018, .pdf format, 33p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/12/WP-2018-13-Klass-Perelman.pdf
C. “Benefit Plan Cybersecurity Considerations: A Recordkeeper and Plan Perspective,” by Timothy Rouse, David Levine, Allison Itami, and Benjamin Taylor (WP2018-16, December 2018, .pdf format, 27p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/12/WP-2018-16-Rouse-et-al.pdf
D. “The Big Spenddown: Digital Investment Advice and Decumulation,” by Steven Polansky, Peter Chandler, and Gary R. Mottola (WP2018-18, December 2018, .pdf format, 33p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/12/WP-2018-18-Polansky-et-al.pdf
E. “Behavioral Finance, Decumulation and the Regulatory Strategy for RoboAdvice,” by Tom Baker and Benedict Dellaert (WP2018-19, December 2018, .pdf format, 37p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/12/WP-2018-19-Baker-Dellaert.pdf
F. “FinTech Disruption: Opportunities to Encourage Financial Responsibility,” by Julianne Callaway (WP2018-14, December 2018, .pdf format, 23p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/12/WP-2018-14-Callaway.pdf
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August 14, 2018
CAAR – University of Pennsylvania, Wharton School, Pension Research Council Working Papers – August 14, 2018
A. “Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field,” by Stephen G. Dimmock, Roy Kouwenberg, Olivia S. Mitchell, and Kim Peijnenburg (WP2018-9, August 2018, .pdf format, 38p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/08/WP-2018-9-Dimmock-et-al.pdf
B. “Learning and Confirmation Bias: Measuring the Impact of First Impressions and Ambiguous Signals,” by Julie Agnew, Hazel Bateman, Christine Eckert, Fedor Iskhakov, Jordan Louviere, and Susan Thorp (WP2018-8, August 2018, .pdf format, 51p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/08/WP-2018-8-Agnew-et-al.pdf
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March 22, 2018
CAAR – Center for Retirement Research at Boston College Issue Brief – March 22, 2018
“Do People with Dementia Get Help Managing Their Money?” by Anek Belbase, Geoffrey T. Sanzenbacher, and Abigail Walters (IB No. 18-6, March 2018, .pdf format, 8p.).
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February 6, 2018
CAAR – University of Pennsylvania, Wharton School, Pension Research Council Working Paper – February 6, 2018
Note: Free registration is required to access any content. “Cognitive Ability, Financial Literacy, and the Demand for Financial Advice at Older Ages: Findings from the Health and Retirement Study,” by Hugh H. Kim, Raimond Maurer, and Olivia S. Mitchell (WP-2018-1, January 2018, .pdf format, 26p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/02/WP-2018-1-Kim-et-al-1.pdf
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July 14, 2017
CAAR – International Longevity Centre [UK] Report – July 14, 2017
“The Value of Financial Advice,” by Cesira Urzi Brancati, Ben Franklin and Brian Beach (July 2017, .pdf format, 44p.).
www.ilcuk.org.uk/index.php/publications/publication_details/the_value_of_financial_advice
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April 4, 2016
CAAR – University of Pennsylvania, Wharton School, Pension Research Council Working Paper – April 4, 2016
Note: Free registration is required to access any content. “When and How to Delegate? A Life Cycle Analysis of Financial Advice,” by Hugh Hoikwang Kim, Raimond Maurer, and Olivia S. Mitchell (WP2016-1, March 2016, .pdf format, 12p.). Note: Links to the abstract and the full text of the paper available at:
www.pensionresearchcouncil.org/publications/document.php?file=1302
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December 21, 2015
CAAR – International Longevity Centre [UK] Report – December 21, 2015
“Financial Advice Market Review: A response from the International Longevity Centre – UK,” (December 2015, .pdf format, 12p.).
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December 2, 2015
CAAR – US House Committee on Education and the Workforce, Subcommittee on Health, Employment, Labor, and Pensions Hearing Testimony – December 2, 2015
“Principles for Ensuring Retirement Advice Serves the Best Interests of Working Families and Retirees,” a hearing held December 2, 2015 (witness statements available in .pdf format, video of the full hearing available at the site, running time 1 hour 54 minutes). Note: Hearing begins at the 19:45 mark.
edworkforce.house.gov/calendar/eventsingle.aspx?EventID=399850
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July 22, 2015
CAAR – US Senate Committee on Health, Education, Labor and Pensions, Subcommittee on Employment and Workplace Safety Hearing Testimony – July 22, 2015
“Restricting Advice and Education: DOL’s Unworkable Investment Proposal for American Families and Retirees,” a hearing held July 21, 2015 (witness statements available in .pdf format, video of the full hearing available in Flash format, running time 1 hour 42 minutes). Note: Hearing begins at the 16:42 mark.
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June 17, 2015
CAAR – US House Committee on Education and the Workforce, Subcommittee on Health, Employment, Labor, and Pensions Hearing Testimony – June 17, 2015
“Restricting Access to Financial Advice: Evaluating the Costs and Consequences for Working Families and Retirees,” a hearing held June 17, 2015 (witness statements available in .pdf format, video of the full hearing available in Flash format, running time 3 hours 19 minutes). Note: Hearing begins at the 8:46 mark.
edworkforce.house.gov/calendar/eventsingle.aspx?EventID=399027
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May 8, 2015
CAAR – Rand Corporation Working Paper – May 8, 2015
“Impacts of Conflicts of Interest in the Financial Services Industry,” by Jeremy Burke, Angela A. Hung, Jack Clift, Steven Garber, and Joanne K. Yoong (WR-1076, February 2015, .pdf format, 65p.). Note: Links to the abstract and the full text of the paper available at:
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April 28, 2015
CAAR – Rand Corporation Report – April 28, 2015
“Potential Economic Effects on Individual Retirement Account Markets and Investors of DOL’s Proposed Rule Concerning the Definition of a ‘Fiduciary’,” by Steven Garber, Jeremy Burke, Angela A. Hung, and Eric Talley (RR1009, February 2015, .pdf format, 30p.).
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February 24, 2015
CAAR – Council of Economic Advisers Report – February 24, 2015
“The Effects of Conflicted Investment Advice on Retirement Savings,” (February 2015, .pdf format, 30p.).
www.whitehouse.gov/sites/default/files/docs/cea_coi_report_final.pdf
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September 20, 2012
CAAR – Pension Research Council, Wharton School, University of Pennsylvania Working Papers – September 20, 2012
Note: PRC requires free registration before providing working papers.
A. “How to Make the Market for Financial Advice Work,” by Andreas Hackethal and Roman Inderst (WP2012-14, September 2012, .pdf format, 23p.). Note: Links to the abstract and full-text can be found at:
www.pensionresearchcouncil.org/publications/document.php?file=1030
B. “Regulating Financial Planners: Assessing the Current System and Some Alternatives,” by Jason Bromberg and Alicia P. Cackley (WP2012-18, September 2012, .pdf format, 23p.). Note: Links to the abstract and full-text can be found at:
www.pensionresearchcouncil.org/publications/document.php?file=1033
C. “Evaluating the Impact of Financial Planners,” by Cathleen D. Zick and Robert N. Mayer (WP2012-12, September 2012, .pdf format, 42p.). Note: Links to the abstract and full-text can be found at:
www.pensionresearchcouncil.org/publications/document.php?file=1028
D. “Financial Advice: Does it Make a Difference?” by Michael Finke (WP2012-15, September 2012, .pdf format, 32p.). Note: Links to the abstract and full-text can be found at:
www.pensionresearchcouncil.org/publications/document.php?file=1031
E. “When, Why, and How Do Mutual Fund Investors Use Financial Advisors?” by Sarah A. Holden (WP2012-16, September 2012, .pdf format, 34p.). Note: Links to the abstract and full-text can be found at:
www.pensionresearchcouncil.org/publications/document.php?file=1032
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September 14, 2012
CAAR – Pension Research Council, Wharton School, University of Pennsylvania Working Papers – September 14, 2012
Note: PRC requires free registration before providing working papers.
A. “The Evolution of Workplace Advice,” by Christopher L. Jones and Jason S. Scott (WP2012-10, September 2012, .pdf format, 28p.). Note: Links to the abstract and full-text can be found at:
www.pensionresearchcouncil.org/publications/document.php?file=1026
B. “The Role of Guidance in the Annuity Decision Making Process,” by Kelli Hueler and Anna Rappaport (WP2012-11, September 2012, .pdf format, 38p.). Note: Links to the abstract and full-text can be found at:
www.pensionresearchcouncil.org/publications/document.php?file=1027
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August 23, 2012
CAAR – Pension Research Council, Wharton School, University of Pennsylvania Working Paper – August 23, 2012
“How to Make the Market for Financial Advice Work,” by Andreas Hackethal and Roman Inderst (WP2012-13, August 2012, .pdf format, 24p.). Note: Links to the abstract and full-text can be found at:
www.pensionresearchcouncil.org/publications/document.php?file=1023
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August 9, 2012
CAAR – Pension Research Council, Wharton School, University of Pennsylvania Working Paper – August 9, 2012
Note: PRC requires free registration before providing working papers. “The Market for Retirement Financial Advice: An Introduction,” by Olivia S. Mitchell and Kent Smetters (WP2012-05, July 2012, .pdf format, 13p.). Note: Links to the abstract and full-text can be found at:
www.pensionresearchcouncil.org/publications/document.php?file=1020
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