Steven F. Venti

Professor
Dewalt H. 1921 and Marie H. Ankeny Professorship in Economic Policy

My current research focuses on the well-being of older households. Recent research topics include the effectiveness of 401(K)s and similar retirement saving plans, whether the elderly are financially prepared for retirement, how households manage their wealth after retirement, and the role of health in the financial security of older households. I currently teach Economics 36, The Theory of Finance.

Curriculum Vitae
603-646-2526
HB 6106
Department:
Economics
Education:
A.B. Boston College
A.M. Harvard University
Ph.D. Harvard University

Related Links

Selected Publications

"The Composition and Drawdown of Wealth in Retirement." Journal of Economic Perspectives, 25(4) Fall 2011. (with J. Poterba and D. Wise)

"Were They Prepared for Retirement? Financial Status at Advanced Ages in the HRS and AHEAD Cohorts." Investigations in the Economics of Aging. University of Chicago Press. 2012. (with J. Poterba and D. Wise)

"Economic Measurement in the Health and Retirement Study", Forum for Health Economics and Policy. vol. 14 issue 3, 2011

"Family Status Transitions. Latent Health, and the Post-Retirement Evolution of Assets." in D. Wise (ed.) Explorations in the Economics of Aging, University of Chicago Press. 2011 (with J. Poterba and D. Wise)

"Demographic Trends, Housing Equity, and the Financial Security of Future Retirees." in J. Shoven (ed.) Demography and the Economy. University of Chicago Press. 2011. (with J. Poterba and D. Wise)

"The Rise of 401(k) Plans, Lifetime Earnings, and Wealth at Retirement," in D. Wise (ed.) Research Findings in the Economics of Aging. University of Chicago Press. 2010. (with J. Poterba and D. Wise)

"The Decline of Defined Benefit Retirement Plans and Asset Flows." in J. Brown, J. Liebman, and D. Wise (ed.), Social Security Policy in a Changing Environment. 2009. (with J. Poterba and D. Wise)

"Life-Cycle Asset Allocation Strategies and the Distribution of 401(k) Retirement Wealth." Developments in the Economics of Aging. University of Chicago Press. 2009. (with J. Poterba, J. Rauh and D. Wise)

"Reducing Social Security PRA Risk at the Individual Level – Lifecycle Funds and No-Loss Strategies." in J. Brown, J. Liebman, and D. Wise, Social Security Policy in a Changing Environment. 2009. (with J. Poterba, J. Rauh and D. Wise)

"The Changing Landscape of Pensions in the United States." in A. Lusardi (ed.). Overcoming the Saving Slump: How to Increase the Effectiveness of Financial Education and Saving Programs. University of Chicago Press, 2008. (with J. Poterba and D. Wise)

"New Estimates of the Future Path of 401(k) Assets." Tax Policy and the Economy. Vol. 22. 2008. (with J. Poterba and D. Wise)

"The Shift from Defined Benefit Pensions to 401(k) Plans and the Pension Assets of the Baby Boom Cohort." Proceedings of the National Academy of Sciences, vol. 104. No. 3. August 14, 2007. (with J. Poterba and D. Wise)

“Defined Contribution Plans, Defined Benefit Plans, and the Accumulation of Retirement Wealth." Journal of Public Economics. Vol. 91 November 2007. (with J. Poterba, J. Rauh and D. Wise)

"Choice, Behavior, and Retirement Saving." in G. Clark, A. Munnell, and M. Orszag (ed.), The Handbook of Pensions and Retirement Income. Oxford University Press. 2006.

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Works in Progress

"Health, Education, and the Post-Retirement Evolution of Household Assets," NBER Working Paper No. 18695, January 2013.  (with J. Poterba and D. Wise)

"The Drawdown of Personal Retirement Assets." NBER Working Paper No. 16675, January 2011 (rev. January 2013).  (with J. Poterba and D. Wise)

"The Nexus of Social Security Benefits, Health, and Wealth at Death," NBER Working Paper No. 18658, December  2012.  (with J. Poterba and D. Wise)

"The Asset Cost of Poor Health." NBER Working Paper No. 16389, September 2010.  (with J. Poterba and D. Wise)