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Dr. Teresa Ghilarducci - International Federation on Ageing. New York, NY, US

Dr. Teresa Ghilarducci Dr. Teresa Ghilarducci

Director | Schwartz Center in Economic Policy Analysis, The New School for Social Research


Dr. Ghilarducci is a labor economist and nationally-recognized expert in retirement security




Dr. Teresa Ghilarducci Publication Dr. Teresa Ghilarducci Publication



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Teresa Ghilarducci: The Retirement Crisis The Retirement Crisis (w/ Teresa Ghilarducci) Teresa Ghilarducci on Economic Inequality in America and Why it is a Faith Issue Teresa Ghilarducci Staying Ahead of the Curve: Interview with Teresa Ghilarducci




Teresa Ghilarducci is an economist, author, and labor economist, and retirement security expert. Her widely circulated New York Times op-ed "Our Ridiculous Approach to Retirement" brought attention to her fresh and comprehensive critique of the America way of provisioning for retirement. Her book, When I'm 64: The Plot Against Pensions and the Plan to Save Them, presents her cutting-edge policy recommendations for restructuring the United States’ deteriorating retirement income security system. Her book Labor’s Capital: The Economics and Politics of Employer Pensions won an Association of American Publishers award in 1992. For the past five years, she has served as a court appointed trustee of the $50 billion retiree health care fund for ford, GM, and Chrysler retirees. Before coming The New School she was a professor at the University of Notre Dame. Dr. Ghilarducci was the 2006–08 Wurf Fellow at Harvard Law School; her research has been funded by the Rockefeller Foundation, the Alfred P. Sloan Foundation, U.S. Department of Labor, Ford Foundation, and Retirement Research Foundation.

Industry Expertise (2)

Research Elder Care

Areas of Expertise (3)

Retirement Security Older Workers and Discrimination State and Local Pension Systems

Education (1)

University of California, Berkeley: Ph.D., Economics 1984

Media Appearances (5)

Why neither Trump nor Clinton’s plans will fix Social Security

MarketWatch  online


“Forecasts vary but eliminating the max would likely be enough to achieve 100% solvency and have some left over to expand the minimum benefit to eliminate a significant portion of the elderly living in poverty,” said Teresa Ghilarducci, an economics professor at The New School for Social Research...

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Hillary Clinton And Wall Street: Financial Industry May Control Retirement Savings In A Clinton Administration

International Business Times  online


As James’ partner in shaping the initiative, labor economist Teresa Ghilarducci, put it: “Tony is an independent thinker and he really sees a public policy need,"...

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A Better Way to Fix Social Security

The Huffington Post  online


The Guaranteed Retirement Account (GRAs) proposal, authored by Tony James, President and Chief Operating Officer of Blackstone, and Teresa Ghilarducci, commission member and economist, would provide workers with their own retirement savings accounts...

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How To Retire With Enough Money

Forbes  online


Ghilarducci still thinks 401(k)s are flawed, but she believes it’s nevertheless possible to retire comfortably if you do a few things right — and don’t do a few others...

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How to Help the Middle Class Retire Comfortably at No Extra Cost

The Atlantic  online


Teresa Ghilarducci is a contributing writer for The Atlantic and a professor of economic policy analysis at the New School for Social Research in New York...

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Featured Articles (5)

How defined contribution plans and 401(k)s affect employer pension costs Journal of Pension Economics and Finance


We investigate the pension choices made by over 700 firms between 1981 and 1998 when DC plans expanded and overtook DB plans. Although measuring a firm's pension cost per worker may be a crude way to judge a firm's commitment to pensions, this study suggests that firms that provide both a traditional defined benefit and a defined contribution plan are the most committed because they spend the most on pensions...

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Female Dual Labour Markets and Employee Benefits Scottish Journal of Political Economy


The American workforce and the role of employee benefits have changed dramatically since the 1980s when economists seriously considered dual labour market models to describe pay and employment patterns. Then, dual labour market models described men's labour markets, but not women's and the tests applied to wages and salaries, not total compensation including employee benefits. Applying a switching regression technique using the 2000 Current Population Survey and including women workers and employee benefits, we find that the dual labour market hypothesis is consistent with both female and male labour market structures, especially when total compensation is considered...

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Unions' Role in Argentine and Chilean Pension Reform World Development


The 1981 privatization of Chilean pensions created immediate winners and observable benefits. It also created a model for Latin American pension reform. This study compares the Chilean and Argentine experiences by using political economy models of social welfare development as a framework for discussion...

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Scale Economies in Union Pension Plan Administration: 1981–1993 Industrial Relations: A Journal of Economy and Society


We confirm previous findings that as the pension plan size increases, administrative costs per participant and asset fall after controlling for the proportion of retirees in a plan. However, we question the inference that the high costs of administering small plans partly explains why small firms generally do not sponsor pension plans...

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Labour’s Paradoxical Interests and the Evolution of Corporate Finance Journal of Law and Society


Because both unionized and non-union workers have pension fund investments composing about 35 per cent of United States equity, workers’ role in the economy has a new dimension. This paper explores whether or not this new role – employees as capital ‘owners’ – can be used by workers, their organizations and representatives to raise labour standards in the form of productivity-linked wage increases, improved working conditions, greater job stability, and enhanced education and training, while at the same time increasing economy-wide productive investment and therefore long-term sustained growth...

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