Pension Policy Center

January 1, 2023

John A. Turner, PhD

Director

The Pension Policy Center provides consulting and research projects concerning pensions, Social Security, financial planning for retirement, financial advice and disclosures, financial fees, fiduciary duty, pension investing, behavioral finance, alternatives to financial literacy, and other retirement issues in the United States and other countries using the analytic technics of traditional and behavioral economics and finance.

This is the fifteenth annual report of the Pension Policy Center. The year 2022 was another productive year. This report provides information about the Pension Policy Center research projects completed in 2022 and other accomplishments during the year, and notes the passing of a beloved colleague.

 

Pension Policy Center Publications in 2022

John Turner, Kamila Bielawska, and Sally Shen wrote, “Issues of Trust:  Plans, Participants and Service Providers Over the Past 25 Years.” The Evolution of Supplementary Pensions: 25 Years of Pension Reform, edited by James Kolaczkowski, Michelle Maher, Yves Stevens, and Jacob Markus Werbrouck. Edward Elgar, 2022.

Turner and Inmaculada Domínguez Fabián wrote, “The Evolution of the Spanish Private Pension System: 1994-2019.” The Evolution of Supplementary Pensions: 25 Years of Pension Reform, edited by James Kolaczkowski, Michelle Maher, Yves Stevens, and Jacob Markus Werbrouck. Edward Elgar, 2022.

Turner, Jonathan Barry Forman, and Dana M. Muir wrote, “The Evolution of the U.S. Pension System: 1994-2019.” The Evolution of Supplementary Pensions: 25 Years of Pension Reform, edited by James Kolaczkowski, Michelle Maher, Yves Stevens, and Jacob Markus Werbrouck. Edward Elgar, 2022.

Turner and Dana M. Muir wrote, “Covid-19 and U.S. Private Pensions.” Benefits Quarterly, 2022.

Turner and Leslie A. Muller wrote, “Sample Selection Bias Due to Differential Mortality: A Supplementary Measure of Old-Age Poverty.” Journal of Aging & Social Policy, 2022 3(4); 496-514. DOI: 10.1080/08959420.2021.1926196, https://www.tandfonline.com/doi/abs/10.1080/08959420.2021.1926196?journalCode=wasp20

Turner and Sally Shen wrote, “Identity Authentication versus Criminal Counter-Innovations: Pension Account Security,” Benefits Quarterly 88, Fourth Quarter, 2022, pp. 34-41.

Turner and Richard K. Fulmer wrote, “Robo Tontines.” Journal of Retirement, Summer 2022r.  https://jor.pm-research.com/content/early/2022/06/08/jor.2022.1.115

Turner and Richard K. Fulmer wrote “Robo Tontines Can Help with Asset Decumulation During Retirement.” RetireSecure Blog, 2022, Pension Research Council, Wharton.

Turner wrote, “Pension Policies.” International Handbook of Population Policies, edited by John May, Springer, 2022, pp. 571-594.

 

Pension Policy Center Papers Accepted for Publication

Turner, Emily S. Andrews, and David M. Rajnes wrote “Why Are Women More Pessimistic About the Future of Social Security than Men?” Social Security Bulletin, 2023.

Turner and Sally Shen wrote, “Population Ageing, Pensions, and Global Climate Change.” Society of Actuaries, 2023.

Turner and Barbara A. Smith wrote, “Why Do Why Do People Make Big Mistakes?  Lessons from Covid Vaccine Hesitancy for Helping Pension Nonparticipants.” Benefits Quarterly, 2023.

Turner and Jonathan Wood wrote, “Extending Pension Coverage to Encourage Service:  Pensions for Long-term Volunteer Firefighters.” Benefits Quarterly, 2023.

Turner wrote, “The Suitability of Securities Token Offerings, Cryptocurrencies, and Crypto-Related Assets for Pension Investments” in Digital Assets: Pricing, Allocation and Regulation, 2023.

 

Pension Policy Center Working Papers

Turner, Olivia S. Mitchell, and Catherine Reilly wrote, “The Pros and Cons of Remaining in a 401(k) Plan After Retirement.

Turner, Joanna Rutecka-Góra, and Sylwia Pieńkowska-Kamieniecka wrote, “Complex Pension Products: The Evidence from Poland.”

Turner and Kamila Bielawska wrote, “Trust and the Behavioral Economics of Automatic Enrollment in Pensions.”

Turner and Bruce W. Klein wrote, “Piggy Bank Economics versus Mental Accounting: Savers’ Commitment, Pensions, and Housing.”

Turner and Denis Latulippe wrote, “Social Security and Partial Retirement: The U.S. and Canada.”

Turner and Norman P. Stein wrote, “Shove vs Nudge: Retirement Income Policy When Nudge Is Not Enough.”

Turner wrote, “J14: The Elderly and the Disabled’”

Turner wrote, “Pension Fee Benchmarking: The Wisdom of Crowds versus Herd Mentality.”

Turner wrote, “Noise in Financial Advice: A Comparison Between Human and Robo Advisors.”

 

Other Accomplishments

According to Google Scholar Citations, Turner’s research has received more than 4,200 citations. He has two publications with more than 500 citations and seven publications with more than 100 citations. His research has an h-score of 33, meaning that he has at least 33 publications with at least 33 citations. According to ResearchGate, the roughly 50 publications of Turner that it provides online have received more than 17,200 reads. His research interest score on ResearchGate is higher than 92 percent of its scholars in his field. This year Turner became a fellow of the Dutch pension research organization Netspar.

 

In Memoriam

The Pension Policy Center notes with sadness the passing of a beloved colleague and coauthor, David McCarthy.