RIIA® & ThinkAdvisor.com Recognize Achievement in Applied Retirement Research

Amy Finkelstein, Professor of Economics at the Massachusetts Institute of Technology, will receive RIIA’s 2017 Achievement in Applied Retirement Research award, in conjunction with Research on Wealth Magazine.

Research on Wealth is pleased to help present the MIT economist with the 2017 Achievement in Applied Retirement Research Award for her analysis of consumer behavior and market inefficiencies in annuities, long-term care and health care,” said Editor-in-Chief Janet Levaux.

“Amy was chosen for the character quality of her academic work and also, very clearly, for the substance of her work,” said Francois Gadenne, the chair, executive director and co-founder of RIIA. “Everything about retirement, from both the viewpoints of gerontology and funding, cannot be addressed without proper thought about the areas that she has researched.”

A jury of prior RIIA award recipients chose Finkelstein as this year’s honoree from a field of about 20 economists.

“The award goes to a researcher who exemplifies the virtues that RIIA seeks: independence, real research, and respect for previous academic researchers whose thinking is anchored in an authentic genealogy of concept,” Gadenne explained.

In an interview, Finkelstein expressed her hope that her analyses of the evidence she finds help influence thinking and individuals’ retirement decisions. “It’s a great honor to be selected,” she said. “It’s always very exciting whenever one’s work has some impact outside just the small set of colleagues that also work on these topics and that it can potentially reach a broader audience. I’m tremendously flattered,” explained Finkelstein, who has received more than 35 honors and awards.

What sparked her interest in the insurance markets was finding “problems, such as private information, that—absent government policy—might [cause] the markets to not operate well,” she said. “That opened the possibility of asking: Was there scope for improving government policy as a result? This has been a question that’s animated a lot of my interest for many years.”

“Amy is a superstar in economics, and her work in annuities and long-term care insurance is important to retirees. She’s helping the retirement industry,” said Moshe Ayre Milevsky, finance professor at York University’s Schulich School of Business. “If I were a financial advisor who sold long-term care insurance, I’d really want to understand what Amy’s insights have been about that. If there’s ever a Nobel Prize in economics in the insurance category, chances are very good that Amy would win it.”

Join thought leaders in the retirement industry on July 17th & 18th at Salem State University.

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