Stephen P. Utkus

Vanguard Center for Investor Research

Principal

100 Vanguard Boulevard, M38

Malvern, PA 19355

United States

SCHOLARLY PAPERS

27

DOWNLOADS
Rank 6,026

SSRN RANKINGS

Top 6,026

in Total Papers Downloads

6,999

CITATIONS
Rank 2,899

SSRN RANKINGS

Top 2,899

in Total Papers Citations

192

Scholarly Papers (27)

1.

Lessons from Behavioral Finance for Retirement Plan Design

PRC Working Paper No. 2003-6
Number of pages: 52 Posted: 24 Nov 2003
Olivia S. Mitchell and Stephen P. Utkus
University of Pennsylvania - The Wharton School and Vanguard Center for Investor Research
Downloads 2,426 (5,029)
Citation 24

Abstract:

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2.

Winners and Losers: 401(K) Trading and Portfolio Performance

Pension Research Council Working Paper No. 2006-26, Michigan Retirement Research Center Research Paper No. WP 2007-154
Number of pages: 32 Posted: 06 Nov 2006
University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School, Research Director FINRA Foundation and Vanguard Center for Investor Research
Downloads 684 (35,949)
Citation 15

Abstract:

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3.

Company Stock, Market Rationality, and Legal Reform

U Chicago Law & Economics, Olin Working Paper No. 218
Number of pages: 49 Posted: 09 Aug 2004
University of California at Los Angeles, University of Chicago - Booth School of Business, Vanguard Center for Investor Research and Harvard Law School
Downloads 592 (43,560)
Citation 8

Abstract:

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Bounded rationality, company stock, behavioral economics, employee compensation

4.

Company Stock and Retirement Plan Diversification

Pension Research Council Working Paper No. 2002-4
Number of pages: 72 Posted: 26 Mar 2002
Olivia S. Mitchell and Stephen P. Utkus
University of Pennsylvania - The Wharton School and Vanguard Center for Investor Research
Downloads 481 (56,782)
Citation 15

Abstract:

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5.

Financial Attention

Number of pages: 51 Posted: 13 Oct 2013 Last Revised: 30 Jul 2015
Columbia University, Carnegie Mellon University - Department of Social and Decision Sciences, Carnegie Mellon University - David A. Tepper School of Business and Vanguard Center for Investor Research
Downloads 471 (58,308)

Abstract:

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Investor Attention, Portfolio Trading, Behavioral Economics/Finance, Ostrich Effect

6.

The Dynamics of Lifecycle Investing in 401(k) Plans

Number of pages: 38 Posted: 03 Oct 2007 Last Revised: 29 Nov 2011
University of Pennsylvania - The Wharton School, Research Director FINRA Foundation, Vanguard Center for Investor Research and University of Pennsylvania - The Wharton School
Downloads 393 (72,514)
Citation 5

Abstract:

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retirement 401(k) saving

7.

The Inattentive Participant: Portfolio Trading Behavior in 401(K) Plans

Michigan Retirement Research Center Research Paper No. WP 2006-115
Number of pages: 40 Posted: 19 Feb 2008
University of Pennsylvania - The Wharton School, Research Director FINRA Foundation, Vanguard Center for Investor Research and University of Pennsylvania - The Wharton School
Downloads 341 (85,522)
Citation 37

Abstract:

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8.

Literacy, Trust and 401(K) Savings Behavior

Number of pages: 33 Posted: 11 Nov 2008
Julie R. Agnew, Lisa Szykman, Stephen P. Utkus and Jean A. Young
College of William and Mary - Mason School of Business, affiliation not provided to SSRN, Vanguard Center for Investor Research and The Vanguard Group, Inc. - Center for Retirement Research
Downloads 224 (133,326)

Abstract:

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9.

Financial Attention

Number of pages: 50 Posted: 31 Jul 2012 Last Revised: 22 May 2015
Columbia University, Carnegie Mellon University - Department of Social and Decision Sciences, Carnegie Mellon University - David A. Tepper School of Business and Vanguard Center for Investor Research
Downloads 182 (161,810)

Abstract:

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investors attention, ostrich effect, behavioral economics/finance

10.

Dimensions of 401(K) Plan Design

Pension Research Council WP2005-05
Number of pages: 29 Posted: 30 Jun 2006
Olivia S. Mitchell, Stephen P. Utkus and Tongxuan Yang
University of Pennsylvania - The Wharton School, Vanguard Center for Investor Research and University of Pennsylvania - Insurance & Risk Management Department
Downloads 146 (195,450)
Citation 2

Abstract:

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Five Facts About Beliefs and Portfolios

Number of pages: 76 Posted: 08 Mar 2019 Last Revised: 06 Apr 2019
Yale School of Management, Harvard University, New York University (NYU) and Vanguard Center for Investor Research
Downloads 103 (255,926)

Abstract:

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Surveys, Expectations, Sentiment, Behavioral Finance, Discount Rates, Rare Disasters

Five Facts About Beliefs and Portfolios

NBER Working Paper No. w25744
Number of pages: 77 Posted: 15 Apr 2019
Yale School of Management, Harvard University, New York University (NYU) and Vanguard Center for Investor Research
Downloads 12 (578,598)
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Five Facts About Beliefs and Portfolios

CEPR Discussion Paper No. DP13657
Number of pages: 79 Posted: 09 Apr 2019
Harvard University, New York University (NYU), Yale School of Management and Vanguard Center for Investor Research
Downloads 2 (651,446)
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12.

Financial Literacy and 401(K) Loans

Pension Research Council Working Paper No. 2010-28
Number of pages: 25 Posted: 12 Nov 2010
Stephen P. Utkus and Jean A. Young
Vanguard Center for Investor Research and The Vanguard Group, Inc. - Center for Retirement Research
Downloads 109 (244,490)
Citation 3

Abstract:

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Participants, Loans, Borrowing, Retirement, Plan, Wealth, Income, Saving, Balance

13.

The Efficiency of Sponsor and Participant Portfolio Choices in 401(k) Plans

Pension Research Council Working Paper No. WP2009-08
Number of pages: 38 Posted: 12 Aug 2009 Last Revised: 26 Nov 2011
University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School, Research Director FINRA Foundation and Vanguard Center for Investor Research
Downloads 105 (250,963)
Citation 11

Abstract:

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pension; retirement; portfolio performance; mutual funds; spanning; investment

Default, Framing and Spillover Effects: The Case of Lifecycle Funds in 401(K) Plans

Pension Research Council WP, May 2009
Number of pages: 33 Posted: 24 Jun 2009
University of Pennsylvania - The Wharton School, Research Director FINRA Foundation, Vanguard Center for Investor Research and University of Pennsylvania - The Wharton School
Downloads 78 (305,984)
Citation 8

Abstract:

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Default, Framing and Spillover Effects: the Case of Lifecycle Funds in 401(K) Plans

NBER Working Paper No. w15108
Number of pages: 33 Posted: 30 Jun 2009 Last Revised: 27 Jul 2009
University of Pennsylvania - The Wharton School, Research Director FINRA Foundation, Vanguard Center for Investor Research and University of Pennsylvania - The Wharton School
Downloads 16 (552,641)
Citation 8

Abstract:

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15.

Target-Date Funds in 401(k) Plans

Pension Research Council WP 2012-02
Number of pages: 36 Posted: 07 Mar 2012
Olivia S. Mitchell and Stephen P. Utkus
University of Pennsylvania - The Wharton School and Vanguard Center for Investor Research
Downloads 87 (283,666)
Citation 5

Abstract:

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16.
Downloads 78 (302,943)
Citation 5

Target-Date Funds in 401(K) Retirement Plans

The Wharton School Research Paper No. 26
Number of pages: 36 Posted: 22 May 2012
Olivia S. Mitchell and Stephen P. Utkus
University of Pennsylvania - The Wharton School and Vanguard Center for Investor Research
Downloads 33 (454,070)
Citation 5

Abstract:

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Target-Date Funds in 401(K) Retirement Plans

Number of pages: 36 Posted: 21 Jun 2012 Last Revised: 05 Apr 2013
Olivia S. Mitchell and Stephen P. Utkus
University of Pennsylvania - The Wharton School and Vanguard Center for Investor Research
Downloads 28 (479,321)
Citation 5

Abstract:

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Target-Date Funds in 401(K) Retirement Plans

NBER Working Paper No. w17911
Number of pages: 36 Posted: 10 Mar 2012
Olivia S. Mitchell and Stephen P. Utkus
University of Pennsylvania - The Wharton School and Vanguard Center for Investor Research
Downloads 17 (546,271)
Citation 5

Abstract:

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17.

The Efficiency of Pension Menus and Individual Portfolio Choice in 401(K) Pensions

Michigan Retirement Research Center Research Paper No. 2009-203
Number of pages: 36 Posted: 24 Sep 2009
University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School, Research Director FINRA Foundation and Vanguard Center for Investor Research
Downloads 77 (305,272)

Abstract:

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Borrowing from the Future: 401(k) Plan Loans and Loan Defaults

Pension Research Council WP 2014-01
Number of pages: 35 Posted: 14 Nov 2014
Peking University HSBC Business School, University of Pennsylvania - The Wharton School, Vanguard Center for Investor Research and The Vanguard Group, Inc. - Center for Retirement Research
Downloads 60 (353,723)
Citation 1

Abstract:

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Borrowing from the Future: 401(K) Plan Loans and Loan Defaults

NBER Working Paper No. w21102
Number of pages: 42 Posted: 20 Apr 2015
Peking University HSBC Business School, University of Pennsylvania - The Wharton School, Vanguard Center for Investor Research and The Vanguard Group, Inc. - Center for Retirement Research
Downloads 11 (585,174)
Citation 1

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19.

Turning Workers into Savers? Incentives, Liquidity, and Choice in 401(K) Plan Design

NBER Working Paper No. w11726
Number of pages: 34 Posted: 24 Jan 2006 Last Revised: 18 Jul 2010
Olivia S. Mitchell, Stephen P. Utkus and Tongxuan Yang
University of Pennsylvania - The Wharton School, Vanguard Center for Investor Research and University of Pennsylvania - Insurance & Risk Management Department
Downloads 59 (351,754)
Citation 14

Abstract:

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20.

Better Plans for the Better-Paid: Determinants and Effects of 401(K) Plan Design

Pension Research Council WP2005-5
Number of pages: 56 Posted: 13 Jul 2005
Stephen P. Utkus, Tongxuan Yang and Olivia S. Mitchell
Vanguard Center for Investor Research, University of Pennsylvania - Insurance & Risk Management Department and University of Pennsylvania - The Wharton School
Downloads 59 (351,754)
Citation 7

Abstract:

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21.

The Role of Company Stock in Defined Contribution Plans

NBER Working Paper No. w9250
Number of pages: 54 Posted: 04 Oct 2002
Olivia S. Mitchell and Stephen P. Utkus
University of Pennsylvania - The Wharton School and Vanguard Center for Investor Research
Downloads 58 (354,724)
Citation 20

Abstract:

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22.

Evaluating Web-Based Savings Interventions: A Preliminary Assessment

Michigan Retirement Research Center Research Paper No. 2013-299
Number of pages: 27 Posted: 11 Jan 2014
Financial Engines, Inc., University of Pennsylvania - The Wharton School, Vanguard Group, Inc. and Vanguard Center for Investor Research
Downloads 52 (373,244)

Abstract:

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saving, retirement planning, 401(k) plans

23.

Diversity and Defined Contribution Plans: The Role of Automatic Plan Features

Number of pages: 15 Posted: 17 Nov 2011
Stephen P. Utkus and Cynthia A. Pagliaro
Vanguard Center for Investor Research and Vanguard Group, Inc.
Downloads 50 (379,698)

Abstract:

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401K, savings, portfolio allocation, race, ethnicity

24.

How Behavioral Finance Can Inform Retirement Plan Design

Journal of Applied Corporate Finance, Vol. 18, No. 1, pp. 82-94, Winter 2006
Number of pages: 15 Posted: 16 Nov 2006
Olivia S. Mitchell and Stephen P. Utkus
University of Pennsylvania - The Wharton School and Vanguard Center for Investor Research
Downloads 29 (461,523)
Citation 1
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25.

The Efficiency of Sponsor and Participant Portfolio Choices in 401(K) Plans

NBER Working Paper No. w15317
Number of pages: 38 Posted: 08 Sep 2009 Last Revised: 08 Oct 2009
University of Pennsylvania - Insurance & Risk Management Department, University of Pennsylvania - The Wharton School, Research Director FINRA Foundation and Vanguard Center for Investor Research
Downloads 14 (544,156)
Citation 11

Abstract:

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26.

What People Know About Target-Date Funds: Survey and Focus Group Evidence

Posted: 28 Aug 2013 Last Revised: 29 Aug 2013
College of William and Mary - Mason School of Business, College of William and Mary - Mason School of Business, Vanguard Center for Investor Research and The Vanguard Group, Inc. - Center for Retirement Research

Abstract:

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27.

Do Financial Literacy and Mistrust Affect 401(K) Participation?

Posted: 08 Mar 2010
Julie R. Agnew, Stephen P. Utkus and Jean A. Young
College of William and Mary - Mason School of Business, Vanguard Center for Investor Research and The Vanguard Group, Inc. - Center for Retirement Research

Abstract:

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