David P. Richardson

Richardson

David P. Richardson

Head of the TIAA Institute

David P. Richardson is head of the TIAA Institute. Before joining TIAA, he served as senior economist for public finance at the White House Council of Economic Advisers and held the New York Life Chair in Risk Management and Insurance at Georgia State University. Previously, he worked as a financial economist in the Office of Tax Policy at the U.S. Treasury and was an assistant professor in the Department of Economics at Davidson College.

Richardson’s research interests include public pensions, employer retirement benefit plans and household financial security. He has served as a research fellow for the China Center for Insurance and Social Security Research at Peking University, a research fellow for the Center for Risk Management Research, and a research associate at the Andrew Young School of Policy Studies at Georgia State University. He also is a member of the Pension Research Council Advisory Board, the American Economic Association, the American Risk and Insurance Association and the National Tax Association.

Richardson earned an M.A. and a Ph.D. in economics from Boston College, and a B.B.A. from the University of Georgia.

Publications

November 2021
In 2006, the University of Iowa changed its retirement plan default investment from a money market fund to a target date fund—and the resulting effect on participant behavior was significant.
May 2020
The expected cost of health care in retirement is a major concern of older workers.
December 2017
Many retirement plan participants lack the financial knowledge needed to manage their portfolios on their own, underscoring the importance of advice.