Olivia Mitchell on Her Career in Economics and Retirement Policy
Episode Description
The die was cast early for Wharton professor of business economics and public policy Olivia Mitchell to become an economist. Both her parents were economists, and her father’s career as a diplomat brought her to several developing countries including Peru and Chile. Subliminal reinforcement came from the clock on the kitchen table with the words “Time is money.” That has guided her work over a career spanning more than four-and-a-half decades, especially in her role as executive director of Wharton’s Pension Research Council. In a conversation with Wharton Dean Erika James, Mitchell discusses her career path, her research, and how we can make better decisions about retirement, among other topics.
This talk is part of the series “What I’ve Learned,” which puts the spotlight on Wharton faculty who have made a lasting impact on their fields.
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Brief Summary
Olivia S. Watson discusses retirement planning, financial literacy, and her academic journey at Wharton, emphasizing the importance of understanding financial concepts.
Key points
- Olivia's Journey to Economics. Olivia shares her path to becoming an economist, influenced by her parents' careers.
- The Importance of Financial Literacy. Olivia discusses her research on financial literacy and its global impact.
- Behavioral Economics and Retirement. Exploring how behavioral economics affects retirement planning and decision-making.
- Nurturing Environment at Wharton. She reflects on the supportive culture at Wharton and its impact on her career.
- Overcoming Challenges. She emphasizes the importance of resilience in the face of rejection.
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Episode highlights
- Olivia's Journey to EconomicsOlivia shares her path to becoming an economist, influenced by her parents' careers.“I was really doomed to become an economist.”0:30Aug 7, 2024
- The Importance of Financial LiteracyOlivia discusses her research on financial literacy and its global impact.“Fewer than half of older Americans could answer basic financial questions correctly.”5:36Aug 7, 2024
- Behavioral Economics and RetirementExploring how behavioral economics affects retirement planning and decision-making.“People need to visualize their future selves to save more for retirement.”6:41Aug 7, 2024
- Nurturing Environment at WhartonShe reflects on the supportive culture at Wharton and its impact on her career.“It is an incredible culture here at the Wharton School.”23:39Aug 7, 2024
- Overcoming ChallengesShe emphasizes the importance of resilience in the face of rejection.“Just don't give up.”24:04Aug 7, 2024





