2016 TIAA Paul A. Samuelson Award Ceremony
The TIAA Paul A. Samuelson Award For Outstanding Scholarly Writing on Lifelong Financial Security, named in honor of the Nobel Prize-winning economist and former CREF Trustee, recognizes economic research that helps advance Americans’ lifelong financial well-being. Since first being presented in 2000, the Samuelson Award has become the premier acknowledgement of excellence in research on financial security.
The TIAA Institute presented the 2016 Paul A. Samuelson Award to Felix Reichling, Congressional Budget Office and Kent Smetters, The Wharton School of the University of Pennsylvania, for their paper “Optimal Annuitization with Stochastic Mortality and Correlated Medical Costs.” The paper addresses what factors influence households’ decisions to annuitize, a topic that is extremely important for lifelong financial well-being.
The award was presented to the authors at the annual meeting of the Allied Social Science Associations, January 6, 2017.