Smart Defaults: Improving Retirement Savings Choices?
Friday, March 10, 2017 at 11:00 am to 12:30 pm
Klein Conference Room, Room A510, Alvin Johnson/J.M. Kaplan Hall Room 510, 66 West 12th Street, New York, NY 10011
Lily Batchelder will present a lecture titled, "Improving Retirement Savings Choices through Smart Defaults" as part of the Economics of Aging speaker series.
Americans are not saving enough for retirement. One of the most powerful levers for influencing retirement savings behavior is through defaults, but there have been relatively few reforms to leverage their influence within our voluntary retirement system over the past decade. Making defaults “smarter”—including adjusting defaults based on socioeconomic characteristics of savers—is a simple way that policymakers could dramatically improve retirement security at little cost to taxpayers. Professor Batchelder lays out the case for making defaults smarter, and the normative, legal, and practical challenges to such reforms.
Dr. Batchelder is professor of law and public policy at NYU School of Law and an affiliated professor at the NYU Wagner School of Public Service. Dr. Batchelder’s research and teaching focus on personal income taxes, business tax reform, wealth transfer taxes, retirement savings policy, and social insurance. From 2010 to 2015, she was deputy director of the White House National Economic Council and deputy assistant to the President, and as majority chief tax counsel for the US Senate Committee on Finance. Batchelder received an AB in Political Science with honors and distinction from Stanford University, an MPP in Microeconomics and Human Services from the Harvard Kennedy School, and a JD from Yale Law School.
The Political Economics of Aging speaker series is a forum for academics and practitioners to share and engage in cutting edge research in social policy and the political economy of aging. The series is designed to forge interdisciplinary connections and examine how to progressively manage an aging society. The series is sponsored by SCEPA's Retirement Equity Lab, led by economists and retirement experts Teresa Ghilarducci and Tony Webb.
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