Background
Munnell, Alicia Haydock was born on December 6, 1942 in New York City. Daughter of Walter Howe Haydock and Alicia (Wildman) Haydock Roux.
(The U.S. retirement income system faces an enormous chall...)
The U.S. retirement income system faces an enormous challenge as the Baby Boom generation nears retirement age. Social Security faces a long-term shortfall, defined benefit plans have become few and far between, and 401 (k) plans have failed to yield the accumulations that many people thought they would. How will future retirees get by? Many observers suggest that equities would help solve this problem. In this book from the Upjohn Institute, Alicia H. Munnell and Steven A. Sass explore the use of equities as a means of solving Social Security's financing problems. While including equities in some form promises the potential for higher yields that could keep the system afloat, the use of equities also poses a host of challenges that could dramatically alter the structure of Social Security. Munnell and Sass identify these challenges and their implications for the U.S. retirement income system. They base their findings on experiences that three nations (the UK, Australia, and Canada) have had with the use of equities as part of their retirement systems and point out the successes and setbacks that occurred in each country as a result. Overall, this highly readable book will appeal to anyone looking for answers to the financing problems facing Social Security and the rest of the U.S. retirement income system.
http://www.amazon.com/gp/product/0880992905/?tag=2022091-20
( As the baby boom begins to withdraw from the labor forc...)
As the baby boom begins to withdraw from the labor force, ensuring a secure retirement income becomes an increasingly important issue, the number of people over age 65 is expected to double by 2030. That trend will continue, accompanied by worries about stock market volatility, corporate malfeasance, a rapidly changing economy, and the viability of Social Security. In Coming Up Short, two experts on retirement policy analyze 401(k) plans, the fastest-growing type of employer-sponsored pensions and a vital source of retirement income for the American middle class. Alicia Munnell and Annika Sunden chronicle the development of 401(k) plans, now the dominant form of private pensions. In accessible language, they explain how such plans work and discuss their popularity. For employees, these plans are appealing becuase they have more control over their own retirement funds, and the plans are portable. For employers, the plans are generally less costly than defined benefit plans. Despite those advantages, there are some significant downsides to 401(k) plans. These plans shift all the risk and responsibility to employees, who must decide whether to join, how much to contribute, how to invest, whether to "cash out" when changing jobs, and how to manage their nest egg in retirement. These are difficult decisions, and while in theory 401(k)s could be an effective savings vehicle for retirement, in practice many people make mistakes at every step along the way. Com ing Up Short discusses why these mistakes are made and proposes various reforms to ensure that the aging population will have adequate retirement income. Comprehensive and up-to-date, Coming Up Short is an essential resource on 401(k) plans for financial service professionals, policymakers, academics, and individuals planning for their own retirement.
http://www.amazon.com/gp/product/0815758979/?tag=2022091-20
(Social Security has a long-term financing problem. More o...)
Social Security has a long-term financing problem. More of us will soon be collecting benefits with not many more paying taxes to support the program. The Social Security Fix-It book is a short, colorful guide to the program, its financing issues, and the leading proposals for eliminating the shortfall. Cheerfully narrated and easy to read, this book seeks to raise public awareness to achieve a long-lasting solution.
http://www.amazon.com/gp/product/0615146015/?tag=2022091-20
( Daily headlines warn American workers that their retire...)
Daily headlines warn American workers that their retirement years may be far from golden. The main components of the retirement income system —Social Security and employer-provided pensions and health insurance —are in decline while the amount of income needed for a comfortable retirement continues to rise. In Working Longer, Alicia Munnell and Steven Sass suggest a simple solution to this problem: postponing retirement by two to four years. By following their advice, the average worker retiring in 2030 can be as well off as today's retirees. Implementing this solution on a national scale, however, may not be simple. Working Longer investigates the prospects for moving the average retirement age from 63, the current figure, to 66. Munnell and Sass ask whether future generations will be healthy enough to work beyond the current retirement age and whether older men and women want to work. They examine companies' incentives to employ older works and ask what government can do to promote continued participation in the workforce. Finally, they consider the challenge of ensuring a secure retirement for low-wage workers and those who are unable to continue to work. The retirement system faces very real challenges. But together, workers, employers, and the government can keep this vital piece of the American dream alive.
http://www.amazon.com/gp/product/0815703112/?tag=2022091-20
( This book, part of the Studies in Social Economics seri...)
This book, part of the Studies in Social Economics series, examines old age pensions in the United States. Alicia H. Munnell explores the factors that have influenced the growth of private pension plans.
http://www.amazon.com/gp/product/0815758936/?tag=2022091-20
Munnell, Alicia Haydock was born on December 6, 1942 in New York City. Daughter of Walter Howe Haydock and Alicia (Wildman) Haydock Roux.
Bachelor in Economics, Wellesley, 1964. Master of Arts in Economics, Boston University, 1966. Doctor of Philosophy in Economics, Harvard University, 1973.
Staff assistant business research division New England Telephone Сompany, Boston, 1964-1965. Teaching fellow economics department Boston University, 1965-1966. Research assistant for director economic studies program Brookings Institution, Washington, 1966-1968.
Teaching fellow Harvard University, Cambridge, Massachusetts, 1971-1973. Assistant professor economics Wellesley College, 1974. Economist Federal Reserve Bank Boston, 1973-1976, assistant vice president, economist, 1976-1978, vice president, economist, 1979-1984, senior vice president, director research, 1984-1993.
Assistant secretary for economic policy Department Treasury, Washington, 1993-1995. Member Council of Economic Advisors, 1995—1997. Professor Carroll School Management, Boston College, since 1997.
Director Center for Retirement Research, Boston College, since 1998. Member Governor's Task Force on Unemployment Compensation, Massachusetts, 1975. Member special funding advisory committee for Massachusetts pensions, 1976.
Member Massachusetts Retirement Law Commission, 1976-1982. Staff director joint committee on public pensions National Planning Association, 1978. Member advisory committee for urban institute Housing and Urban Development grant on state-local pensions, 1978-1981.
Member pension research council Wharton School Financial and Commerce, University Pennsylvania, since 1979. Member advisory group National Commission for Employment Policy, 1980-1982. Member advisory board National Aging Policy Center in Income Maintenance, Brandeis University, 1980-1984.
Participant private sector retirement security and United States tax policy roundtable discussions Government Research Corporation, 1984. Member supervisory panel Forum Institute of Villers Foundation, 1984. Member Medicare working group, division of health policy research and education Harvard University, 1984-1987.
Member Commission on College Retirement, 1984-1986. Member committee to plan major study of national long term care policies Institute Medicine, National Academy of Sciences, 1984-1987. Member steering committee American Association Retired Persons, 1987-1989.
Member advisory council American Enterprise Institute, 1987-1993. Committee member Institute Medicine, National Academy of Sciences, since 1986. Co-founder, president, member National Academy Social Insurance, since 1986.
Board directors Pension Rights Center, 1984-1993, 97. Member program review committee Brigham and Women's Hospital, 1988-1990. Member Commission to Review Massachusetts Anti-Takeover Laws, 1988-1989.
Member economics visiting committee Massachusetts Institute of Technology, 1989-1992. Director Center Finance Literacy Boston College, since 2009.
( As the baby boom begins to withdraw from the labor forc...)
( This book, part of the Studies in Social Economics seri...)
( Daily headlines warn American workers that their retire...)
(Social Security has a long-term financing problem. More o...)
(The U.S. retirement income system faces an enormous chall...)
Fellow American Association for the Advancement of Science. Member Institute Medicine National Academy of Sciences., Century Foundation (board member, since 1998), National Bureau Economic Research (board member since 2001).
Married Thomas Clark Munnell (divorced). Children: Thomas Clark Junior, Hamilton Haydock. Married Henry Scanlon Healy, February 2, 1980.