The Samuelson Award recognizes economic research that helps advance Americans’ lifelong financial well-being.
The TIAA Paul A. Samuelson Award For Outstanding Scholarly Writing on Lifelong Financial Security was named in honor of the Nobel Prize-winning economist and former CREF Trustee. 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 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.
To learn more about the Samuelson Award, please visit our Awards page.