David P. Richardson

David Richardson

David P. Richardson

Senior Economist
TIAA Institute

David P. Richardson is a Senior Economist at the TIAA Institute. Before joining the Institute, 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

April 2017
Many retirement plan participants lack the financial knowledge needed to manage their portfolios on their own, underscoring the importance of advice.
February 2016
Because a plan’s administrative costs are ultimately paid by participants, plan sponsors are obligated to allocate administrative fees in a fair and appropriate manner. 
August 2014
Hybrid retirement plans that combine the best features of defined benefit and defined contribution plans can provide an efficient and equitable method of ensuring retirement security for workers.