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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.
Finding the Best to Lead Higher Education
A primer of factors to consider before, during and after the search for senior-level leaders to fill open positions in higher education. Issues examined include the make-up of the search committee; development of the candidate pool; developing the interview process; appropriate number of finalists; reference checks; contractual agreements with finalists; and the importance of an effective orientation program for the new hire.
(Authors: Herman A. Berliner, Hofstra University and TIAA-CREF Institute Fellow; Liora Pedhazur Schmelkin, Hofstra University)
Toward the Professoriate of the Future
This paper helps to illuminate the faculty experience in ways that assist colleges and universities to work optimally with faculty members, promoting high satisfaction, productivity, and loyalty, while improving academic quality and enhancing the appeal of the faculty career. It draws on findings from three national opinion surveys of faculty at various career stages and institutional types over the past decade.
(Author: Jerry Berberet, Carroll College and TIAA-CREF Institute Fellow)
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.
(Author: Paul Yakoboski, TIAA-CREF Institute and Robert Glidden, Ohio University)
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.
The Role of Personality Type in Motivating Women to Plan for Retirement
The Role of Personality Type in Motivating Women to Plan for Retirement
This two-phase study first confirmed five distinct personality types among women regarding retirement saving. In the second phase, focus groups with each type helped to identify messages that work to motivate investing for retirement. The author concludes that successful social marketing messages need to address and overcome fears, anxiety and avoidance for certain personality types, and more positive motivators for others. Learn more about why the same messages will not work for everyone.
(Author: Jean M. Lown, Utah State University)
Product and Distribution Evolution in the Life Insurance Industry
The traditional distribution model of commission-based sales is yielding to new models for how life products are structured and delivered. This paper explores the evolution and attendant implications for providers, agents and consumers.
(Authors: Ben Baldwin, Jr., Baldwin Financial Systems, LLC; Thomas R. Holt, TIAA-CREF Individual and Institutional Services, LLC; Paul Yakoboski, TIAA-CREF Institute)
Understanding Risk Taking in Retirement Savings Through Attitude
The authors focus on two very direct influences on risk taking in retirement savings: investment knowledge and attitudinal preferences. Data showed that attitudinal preferences had an effect almost three times greater on level of risk taking than the effect of investment knowledge. One conclusion is that financial education programs might be enhanced by building in attitudinal assessment and examination of values and expectations around savings.
(Authors: James H. Dulebohn, Michigan State University; Brian Murray, University of Dallas)
Social Security: Factors Affecting the Decision of When to Begin Benefits
This paper examines the two sets of factors that are controlled by a worker that affect one’s Social Security retirement benefit. The first set affect a worker’s Primary Insurance Amount (PIA), and includes years of coverage and the individual’s history of taxable earnings. The second set pertain to changes in the PIA, including reductions upon early retirement, delayed retirement credits, the earnings test, and the taxes on benefits. Careful planning with consideration of both sets of factors is required into and through retirement in order to maximize lifetime Social Security benefits.
(Authors: David P. Richardson, TIAA-CREF Institute)
Framing and Annuities
Despite agreement among experts that many consumers should place a high value on life annuities and related products that insure against longevity risk, relatively few consumers voluntarily annuitize their retirement savings. This paper highlights evidence that “framing,” or how annuities are presented to consumers, can significantly affect their use. Specifically, people are way more likely to prefer an annuity over other products when they are framed in terms of maintaining consumption levels rather than as investment products.
(Authors: Jeffrey R. Brown, University of Illinois at Urbana-Champaign and TIAA-CREF Institute Fellow; Jeffrey R. Kling, The Brookings Institution; Sendhil Mullainnathan, Harvard University; Marian V. Wrobel, Harvard University)
TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security
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. Winners are selected by an independent panel of distinguished judges.
Jeffrey R. Brown, William G. Karnes Professor of Finance, College of Business, University of Illinois at Urbana-Champaign and TIAA-CREF Institute Fellow, and Amy Finkelstein, Professor of Economics, Massachusetts Institute of Technology for their ground-breaking paper, "The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market."
The authors examine why many seniors who face significant financial long-term care expenditure risk do not purchase private insurance. Fundamental new insights revealed by Brown and Finkelstein show that the Medicaid program is responsible for most of the lack of demand for private long-term care insurance. Their findings suggest that in the absence of substantial Medicaid reform, households should save more in their retirement plans and rely on other types of tax-preferred savings programs to ensure that long-term care needs are covered. (Press Release)
TIAA-CREF Theodore M. Hesburgh Award For Leadership Excellence
Named in honor of President Emeritus of the University of Notre Dame and former member of the TIAA-CREF Boards of Overseers, this award recognizes exemplary leadership, commitment to higher education and contributions to the greater good. It is presented to a current college or university president or chancellor at the annual meeting of the American Council on Education. Winners are selected by an independent panel of distinguished judges.
Graham B. Spanier, President, The Pennsylvania State University.
During his tenure as Penn State President, Dr. Spanier internationalized the university, was instrumental in developing The International Center for the Study of Terrorism, advanced the use of technology in higher education, and helped create programs to educate students about alcohol abuse. Enrollment has increased 21 percent during his tenure and the University’s endowment has increased 359%. (Press Release)
Click here to hear Father Hesburgh and Dr. Spanier share insights about leadership excellence. This video was shown during the presentation of the award to Dr. Spanier.
The Institute convened its annual conference on November 6 - 7 at TIAA-CREF in New York City focusing on the critical role of higher education in strengthening worldwide economies, building global collaborations, and meeting workforce needs around the world. The conference opened with a keynote address by Fareed Zakaria, Editor, Newsweek International and CNN host and the first day concluded with a keynote delivered by Roger W. Ferguson, Jr., TIAA-CREF President and CEO.
Click here for highlights of their remarks and a summary of conference discussions. The Institute’s 2009 Higher Education Leadership Conference will be held on November 5 - 6. The conference is by invitation only.
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
Recruitment, Retention and Retirement in Higher Education: Building and Managing the Faculty of the Future
Books are available on a first come, first served basis. Please specify which book(s) you would like to receive.
