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Resources developed to support strategic planning and decision-making by higher education leaders. The Series on Higher Education includes forums, DVDs, books, and other publications focused specifically on issues of critical importance to colleges and universities.
Managing Retirement in Higher Education
This report synthesizes research on retirement incentive programs offered by colleges and universities with survey data on faculty interest in such programs. The author presents the information with consideration of how the downturn in the financial markets may influence individual interest in incentive programs and how institutions might utilize them to help manage faculty retirement patterns.
(Author: Paul Yakoboski, TIAA-CREF Institute)
Chief Academic Officers and the Future Leadership of Higher Education
In collaboration with the TIAA-CREF Institute, the American Council on Education (ACE) surveyed CAOs, often referred to as provosts, to gain a deeper understanding of the nature of this important position on campus, the individuals serving in this role, and the extent to which CAOs create the pipeline for future higher education presidencies. This report complements key findings presented in the ACE report The CAO Census: A National Profile of Chief Academic Officers, with the reflections and observations from four current CAOs (listed below.)
(Author: Herman Berliner, Hofstra University and TIAA-CREF Institute Fellow; Joan Lorden, The University of North Carolina at Charlotte; Risa Palm, The State University of New York and TIAA-CREF Institute Fellow; Michael Smyer, Bucknell University and TIAA-CREF Institute Fellow; and Paul Yakoboski, TIAA-CREF Institute)
Higher Education in a Global Society
This overview of the Institute’s 2008 Higher Education Leadership Conference outlines the critical role of higher education in strengthening worldwide economies, building global collaborations, and meeting workforce needs around the world.
(Authors: Paul Yakoboski, TIAA-CREF Institute and Robert Glidden, Ohio University)
Generational Shockwaves and the Implications for Higher Education
This book, based on the TIAA-CREF Institute 2007 Higher Education Leadership Conference, presents insights from a broad range of college and university leaders and scholars about the convergence of multiple generations on campus. A review of the book recently appeared in University Business.
(Editors: Donald Heller, The Pennsylvania State University and TIAA-CREF Institute Fellow and Madeleine d’Ambrosio, TIAA-CREF Institute)
Resources developed to help individuals and their advisors make better financial and strategic decisions for themselves and/or their institutions. The Series on Financial Security includes forums and publications focused specifically on issues related to financial planning for retirement and other goals, employer-provided retirement plans and other benefits, and other issues that affect budgets and balance sheets.
Managing Risk in a Market Meltdown
This report presents highlights from a TIAA-CREF Institute Fellows Symposium addressing the challenges raised by the dramatic drops in financial markets for both individuals and colleges and universities; in particular, issues related to risk management in individuals’ retirement portfolios and managing and facilitating employee retirements. A prevalent theme was the importance of presenting information in ways so that individuals have a fuller understanding of their choices, the potential outcomes, and likelihood of achieving goals.
(Author: Paul Yakoboski, TIAA-CREF Institute)
Financial Literacy: Evidence and Implications for Financial Education
Are individuals well-equipped to make financial decisions, i.e., do they possess enough financial literacy to function effectively in today’s complex marketplace? New evidence finds that financial illiteracy is widespread, particularly among less educated, women and minorities. This report highlights the implications for saving, retirement planning, retirement well-being, mortgage holdings, and more, and it identifies a role for policymakers and employers working to boost financial literacy and education in support of lifelong financial security.
(Authors: Annamaria Lusardi, Dartmouth College, NBER, and TIAACREF Institute Fellow; Olivia S. Mitchell, The Wharton School, University of Pennsylvania, NBER, and TIAA-CREF Institute Fellow)
Does the Way Annuities Are Presented Impact Decisions about Their Use?
The authors present their findings that when products are presented in a way that emphasizes consumption consequences, 72% of survey respondents prefer a life annuity to a savings account. In contrast, when the same products are presented using investment terminology, only 21% of respondents prefer the annuity. The analysis of this data helps to explain why so few individuals annuitize and offers ideas for those who seek to increase consumer well-being via promoting wise financial choices.
(Authors: Jeffrey R. Brown, University of Illinois at Urbana-Champaign, NBER, and TIAA-CREF Institute Fellow; Jeffrey R. Kling, The Brookings Institute and NBER; Sendhil Mullainathan, Harvard University and NBER; and Marian V. Wrobel, Harvard University)
America and the Rise of the Rest: The World According to Zakaria
This paper summarizes the opening keynote delivered by Fareed Zakaria, Editor of Newsweek International and CNN Host, at the 2008 TIAA-CREF Institute Higher Education Leadership Conference. Zakaria discussed how the US arrived at its present financial and geo-political position in today’s global environment, how the rest of the world is catching up to the west economically, and the role of higher education in helping the US to continue “moving up the value chain.”
(Author: James Harvey, National Superintendents Roundtable)
Roger W. Ferguson, Jr.
President & Chief Executive Officer, TIAA-CREF
Intellectual Capital in America
Keynote address at the American Council on Education 91st Annual Meeting
In the current economic environment, discussions among campus leaders and business leaders are likely to turn to budget gaps, hiring freezes, and supporting ongoing operations while preserving future purchasing power. The financial challenges faced by our society are daunting, but should not obscure the critical need for a renewed investment in intellectual capital. The challenges serve to highlight the need for a renewed commitment to higher education in the US and around the world.
Ronald G. Ehrenberg
Irving M. Ives Professor of Industrial and Labor Relations and Economics
TIAA-CREF Institute Fellow
Cornell University
On May 15, 2009, Dr. Ehrenberg was nominated by David A. Paterson, Governor of New York, to a position on the State University of New York Board of Trustees.
TIAA-CREF Paul A. Samuelson Award
for Outstanding Scholarly Writing on Lifelong Financial Security
2009 CALL FOR SUBMISSIONS
Named in honor of MIT Professor, Emeritus, Nobel Laureate and former CREF Trustee, this award is presented annually in recognition of an outstanding research publication containing ideas that the public and private sectors can use to maintain and improve the financial well being of individuals and their families.
The TIAA-CREF Institute invites you to submit an entry. Submissions may be theoretical or empirical in nature, but must cover a subject directly relevant to lifelong financial security. The research must be in a book or article form and must have been published between January 1, 2008 and June 30, 2009. Submissions must be received by the TIAA-CREF Institute no later than August 28, 2009. For information on how to apply, click here.
Generational Shockwaves – Implications for Higher Education
Part of the TIAA-CREF Institute Series on Higher Education, this book is based on the TIAA-CREF Institute 2007 Higher Education Leadership Conference. It sheds light on managing the melding of generations – Boomers, Generation X, and Millennials – within higher education, and examines relevant risks and opportunities for consideration by campus leaders and researchers.
The book’s editors are Donald E. Heller, Professor of Education, Senior Scientist, and Director of the Center for the Study of Higher Education at The Pennsylvania State University and TIAA-CREF Institute Fellow, and Madeleine d’Ambrosio, Vice President and Executive Director, TIAA-CREF Institute.
To request a copy of this book, please send a message with your mailing address to aollen@tiaa-cref.org.
Other books in the Series available to you include:
Transformational Change in Higher Education: Positioning Colleges and Universities for Future Success
The New Balancing Act in the Business of Higher Education
Books are available on a first come, first served basis. Please specify which book(s) you would like to receive.
