Two sets of authors share this year’s prize. They are John Y. Campbell and Luis M. Viceira for their book, "Strategic Asset Allocation: Portfolio Choice for Long-term Investors" (Oxford University Press); and Brigitte C. Madrian and Dennis F. Shea, for their article, "The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior" in the November 2001 Quarterly Journal of Economics.
John Y. Campbell is Otto Eckstein Professor of Applied Economics, Department of Economics, Harvard University, and Luis M. Viceira is an Assistant Professor of Finance, Harvard Graduate School of Business Administration. Brigitte C. Madrian is Associate Professor of Economics, University of Chicago, and Dennis F. Shea is the head of executive compensation strategy and client services, Aetna, Inc.
Read the prepared remarks of Professor Samuelson.
Read the acceptance speeches of the winners:
Brigitte Madrian
Dennis Shea
Luis Viceira
TIAA-CREF Samuelson Award - 2002 Certificate of Excellence Recipient Winner
A certificate of excellence was awarded to Kent Smetters for his article: "Controlling the Cost of Minimum Benefit Guarantees in Public Pension Conversions", which appeared in the Journal of Pension Economics and Finance in March 2002. Professor Smetters’ research clarifies and quantifies the sizable risks that public pension systems assume when they make minimum-benefit guarantees, and the article provides some insight as to how these costs can potentially be reduced.
Kent Smetters is Assistant Professor of Insurance and Risk Management, The Wharton School, University of Pennsylvania.
Read the text of Professor Smetter's acceptance speech.
2002 Panel of Distinguished Judges
Dora L. Costa
Associate Professor of Economics
MIT Department of Economics
Alan L. Gustman
Loren M. Berry Professor of Economics
Department of Economics
Dartmouth College
Mark V. Pauly
Bendheim Professor of Health Care Systems
The Wharton School
University of Pennsylvania
Robert W. Vishny
Eric J. Gleacher Distinguished Service Professor of Finance
Graduate School of Business
University of Chicago
David A. Wise
John F. Stambaugh Professor of Political Economy
John F. Kennedy School of Government
Harvard University
Stephen P. Zeldes
Benjamin Rosen Professor of Economics and Finance
Graduate School of Business
Columbia University
