Olivia S. Mitchell: Financial Literacy and Financial Decision-making
Dr. Mitchell recently completed an assessment of a rapidly growing body of economic research on financial literacy. She will discuss recent theoretical research that casts financial knowledge as a form of investment in human capital. She will present findings from recent surveys that show how much (or how little) people know, and identify the least financially savvy population subgroups. Dr. Mitchell will address how financial literacy affects economic decision-making. She will conclude her lecture with some thoughts on what remains to be learned if researchers are to better inform theoretical and empirical models as well as public policy.
Dr. Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor, as well as Professor of Insurance/Risk Management and Business Economics/Policy; Executive Director of the Pension Research Council; and Director of the Boettner Center on Pensions and Retirement Research; all at the Wharton School.
The lecture will be held from 12:00-1:30 p.m. in the Hourglass Room in the University Club in theInn at Penn. Lunch is available for a modest cost.