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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. 

#wharton #pension #retirementplanning #retirement #socialsecurity  

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The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.

Launched in 1999, Knowledge at Wharton offers free access to:

- Articles, podcasts, and videos highlighting Wharton faculty research and analysis of current business trends
- Interviews with book authors from Wharton School Press
- In-depth series of curated content like Wharton Executive Education’s Nano Tools for Leaders
- A searchable database of more than 10,000 articles covering all aspects of business
- A weekly newsletter that delivers Knowledge at Wharton insights directly to your inbox

Visit the Knowledge at Wharton homepage: https://whr.tn/3qUpSBE
Subscribe to the Knowledge at Wharton YouTube channel: https://whr.tn/3DEAgAU 25:39

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 saw her formative years through 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. She juggles numerous other roles at Wharton, including those as professor of insurance and risk management, and professor of employee benefit plans.

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. Watch the video for the full conversation with Dean Erika James.

#wharton #pension #retirementplanning #retirement #socialsecurity

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The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.

Launched in 1999, Knowledge at Wharton offers free access to:

- Articles, podcasts, and videos highlighting Wharton faculty research and analysis of current business trends
- Interviews with book authors from Wharton School Press
- In-depth series of curated content like Wharton Executive Education’s Nano Tools for Leaders
- A searchable database of more than 10,000 articles covering all aspects of business
- A weekly newsletter that delivers Knowledge at Wharton insights directly to your inbox

Visit the Knowledge at Wharton homepage: https://whr.tn/3qUpSBE
Subscribe to the Knowledge at Wharton YouTube channel: https://whr.tn/3DEAgAU

YouTube Video UExKd0Rad3VLWXJwR2pkTG1rbmp0S3JnQWVvb2lPYjNaWi4yODlGNEE0NkRGMEEzMEQy

Olivia Mitchell on Her Career in Economics and Retirement Policy

August 7, 2024 10:22 am

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The Wharton School Professor Ben Lockwood joins host Dan Loney to discuss "sin taxes" and their efficacy in curbing "sin" behaviors, like soda consumption. Lockwood remarks that in cases where taxes successfully curb behavior, they concurrently fail to generate revenue for a city.

PODCAST OVERVIEW
Every day, business scholars answer pressing questions in their research - but what do their insights mean for you? In this podcast, Wharton faculty dive into what inspired their studies and how their findings resonate with the world today. Learn how research insights translate into knowledge you can use, with host Dan Loney.

Learn more at http://whr.tn/rippleeffect.

#taxes #taxpolicy #wharton

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The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.

Launched in 1999, Knowledge at Wharton offers free access to:

- Articles, podcasts, and videos highlighting Wharton faculty research and analysis of current business trends
- Interviews with book authors from Wharton School Press
- In-depth series of curated content like Wharton Executive Education’s Nano Tools for Leaders
- A searchable database of more than 10,000 articles covering all aspects of business
- A weekly newsletter that delivers Knowledge at Wharton insights directly to your inbox

Visit the Knowledge at Wharton homepage: https://whr.tn/3qUpSBE
Subscribe to the Knowledge at Wharton YouTube channel: https://whr.tn/3DEAgAU 13:22

EPISODE OVERVIEW
The Wharton School Professor Ben Lockwood joins host Dan Loney to discuss "sin taxes" and their efficacy in curbing "sin" behaviors, like soda consumption. Lockwood remarks that in cases where taxes successfully curb behavior, they concurrently fail to generate revenue for a city.

PODCAST OVERVIEW
Every day, business scholars answer pressing questions in their research - but what do their insights mean for you? In this podcast, Wharton faculty dive into what inspired their studies and how their findings resonate with the world today. Learn how research insights translate into knowledge you can use, with host Dan Loney.

Learn more at http://whr.tn/rippleeffect.

#taxes #taxpolicy #wharton

-----
The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.

Launched in 1999, Knowledge at Wharton offers free access to:

- Articles, podcasts, and videos highlighting Wharton faculty research and analysis of current business trends
- Interviews with book authors from Wharton School Press
- In-depth series of curated content like Wharton Executive Education’s Nano Tools for Leaders
- A searchable database of more than 10,000 articles covering all aspects of business
- A weekly newsletter that delivers Knowledge at Wharton insights directly to your inbox

Visit the Knowledge at Wharton homepage: https://whr.tn/3qUpSBE
Subscribe to the Knowledge at Wharton YouTube channel: https://whr.tn/3DEAgAU

YouTube Video VVVJZjZ0M2dwS3JfRDQ2eHVXbGo5VUFRLjk0eV9qQTFaOHQ0

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Penn Wharton Budget Model Faculty Director and Wharton School Professor Kent Smetters joins Dan Loney to talk about Social Security. Penn Wharton Budget Model research estimates that eliminating taxes on Social Security benefits would reduce federal tax revenue by $1.5 trillion over 10 years and accelerate the Social Security trust fund depletion from 2034 to 2032. The policy would primarily benefit current retirees and higher-income individuals while leading to lower wages, reduced capital accumulation, and a 2% decrease in GDP over 30 years. Younger generations, particularly middle- and lower-income workers, would experience overall financial losses due to increased debt and economic slowdowns.

#socialsecurity #taxes #taxpolicy #fed #monetarypolicy 
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The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.

Launched in 1999, Knowledge at Wharton offers free access to:

- Articles, podcasts, and videos highlighting Wharton faculty research and analysis of current business trends
- Interviews with book authors from Wharton School Press
- In-depth series of curated content like Wharton Executive Education’s Nano Tools for Leaders
- A searchable database of more than 10,000 articles covering all aspects of business
- A weekly newsletter that delivers Knowledge at Wharton insights directly to your inbox

Visit the Knowledge at Wharton homepage: https://whr.tn/3qUpSBE
Subscribe to the Knowledge at Wharton YouTube channel: https://whr.tn/3DEAgAU 10:14

Penn Wharton Budget Model Faculty Director and Wharton School Professor Kent Smetters joins Dan Loney to talk about Social Security. Penn Wharton Budget Model research estimates that eliminating taxes on Social Security benefits would reduce federal tax revenue by $1.5 trillion over 10 years and accelerate the Social Security trust fund depletion from 2034 to 2032. The policy would primarily benefit current retirees and higher-income individuals while leading to lower wages, reduced capital accumulation, and a 2% decrease in GDP over 30 years. Younger generations, particularly middle- and lower-income workers, would experience overall financial losses due to increased debt and economic slowdowns.

#socialsecurity #taxes #publicpolicy #taxpolicy #fed #monetarypolicy
-----
The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.

Launched in 1999, Knowledge at Wharton offers free access to:

- Articles, podcasts, and videos highlighting Wharton faculty research and analysis of current business trends
- Interviews with book authors from Wharton School Press
- In-depth series of curated content like Wharton Executive Education’s Nano Tools for Leaders
- A searchable database of more than 10,000 articles covering all aspects of business
- A weekly newsletter that delivers Knowledge at Wharton insights directly to your inbox

Visit the Knowledge at Wharton homepage: https://whr.tn/3qUpSBE
Subscribe to the Knowledge at Wharton YouTube channel: https://whr.tn/3DEAgAU

YouTube Video VVVJZjZ0M2dwS3JfRDQ2eHVXbGo5VUFRLktkYWlBZXJlcnlj

Penn Wharton Budget Model's Kent Smetters on Social Security Tax Cuts

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