Stephen P. Utkus

Vanguard

Principal

100 Vanguard Boulevard, G13

Malvern, PA 19355

United States

SCHOLARLY PAPERS

30

DOWNLOADS
Rank 5,868

SSRN RANKINGS

Top 5,868

in Total Papers Downloads

7,850

SSRN CITATIONS
Rank 4,227

SSRN RANKINGS

Top 4,227

in Total Papers Citations

88

CROSSREF CITATIONS

195

Scholarly Papers (30)

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
Downloads 2,506 (5,503)
Citation 27

Abstract:

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2.

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

Pension Research Council Working Paper No. 2006-26
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
Downloads 694 (39,647)
Citation 11

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 and Harvard Law School
Downloads 607 (47,379)
Citation 72

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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
Downloads 507 (59,515)
Citation 21

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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
Downloads 488 (62,477)
Citation 28

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 and University of Pennsylvania - The Wharton School
Downloads 404 (78,452)
Citation 10

Abstract:

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retirement 401(k) saving

7.
Downloads 388 ( 82,197)
Citation 3

Five Facts About Beliefs and Portfolios

Yale ICF Working Paper No. 2019-05
Number of pages: 76 Posted: 08 Mar 2019 Last Revised: 31 Mar 2020
Yale School of Management, Harvard University, New York University (NYU) - Leonard N. Stern School of Business and Vanguard
Downloads 270 (122,087)
Citation 1

Abstract:

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

Five Facts About Beliefs and Portfolios

CESifo Working Paper No. 7666
Number of pages: 78 Posted: 25 Jul 2019
Yale School of Management, Harvard University, New York University (NYU) - Leonard N. Stern School of Business and Vanguard
Downloads 100 (288,430)

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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: 39 Posted: 15 Apr 2019
Yale School of Management, Harvard University, New York University (NYU) - Leonard N. Stern School of Business and Vanguard
Downloads 16 (609,780)
Citation 1
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Five Facts About Beliefs and Portfolios

CEPR Discussion Paper No. DP13657
Number of pages: 72 Posted: 09 Apr 2019 Last Revised: 02 Mar 2020
Harvard University, New York University (NYU) - Leonard N. Stern School of Business, Yale School of Management and Vanguard
Downloads 2 (720,854)
Citation 2
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8.

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 and University of Pennsylvania - The Wharton School
Downloads 366 (88,026)
Citation 85

Abstract:

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9.

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 and The Vanguard Group, Inc. - Center for Retirement Research
Downloads 254 (130,854)
Citation 9

Abstract:

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10.

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
Downloads 190 (172,624)
Citation 7

Abstract:

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investors attention, ostrich effect, behavioral economics/finance

Inside the Mind of a Stock Market Crash

NBER Working Paper No. w27272
Number of pages: 23 Posted: 02 Jun 2020
Yale School of Management, Harvard University, New York University (NYU) - Leonard N. Stern School of Business and Vanguard
Downloads 75 (348,417)

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Inside the Mind of a Stock Market Crash

CEPR Discussion Paper No. DP14813
Number of pages: 25 Posted: 28 May 2020
Yale School of Management, Harvard University, New York University (NYU) - Leonard N. Stern School of Business and Vanguard
Downloads 0
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behavioral finance, Expectations, Rare Disasters, sentiment, Surveys, Trading

12.

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 and University of Pennsylvania - Insurance & Risk Management Department
Downloads 149 (212,976)

Abstract:

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13.

Who Benefits from Robo-advising? Evidence from Machine Learning

Number of pages: 71 Posted: 03 Apr 2020
Alberto G. Rossi and Stephen P. Utkus
Georgetown University and Vanguard
Downloads 144 (218,896)
Citation 3

Abstract:

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FinTech, Portfolio Choice, Behavioral Finance, Individual Investors, Financial Literacy, Technology Adoption, Machine Learning

14.

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
Downloads 116 (258,454)
Citation 5

Abstract:

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

15.

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 and The Vanguard Group, Inc. - Center for Retirement Research
Downloads 110 (268,353)
Citation 5

Abstract:

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

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 and University of Pennsylvania - The Wharton School
Downloads 80 (332,653)
Citation 1

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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 and University of Pennsylvania - The Wharton School
Downloads 18 (595,665)

Abstract:

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17.

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
Downloads 95 (296,253)

Abstract:

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18.
Downloads 92 (302,352)
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
Downloads 39 (471,912)

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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
Downloads 31 (511,640)
Citation 2

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NBER Working Paper No. w17911
Number of pages: 36 Posted: 10 Mar 2012 Last Revised: 15 Jun 2020
Olivia S. Mitchell and Stephen P. Utkus
University of Pennsylvania - The Wharton School and Vanguard
Downloads 22 (567,947)

Abstract:

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19.

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
Downloads 78 (334,360)

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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 and The Vanguard Group, Inc. - Center for Retirement Research
Downloads 63 (380,546)

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 and The Vanguard Group, Inc. - Center for Retirement Research
Downloads 13 (631,825)
Citation 1

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Target Date Funds and Portfolio Choice in 401(k) Plans

Wharton Pension Research Council Working Paper No. 2020-03
Number of pages: 35 Posted: 12 Feb 2020
Olivia S. Mitchell and Stephen P. Utkus
University of Pennsylvania - The Wharton School and Vanguard
Downloads 56 (403,960)

Abstract:

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automatic enrollment, pension, portfolio allocation, endorsement effect, default effect, retirement saving, 401(k)

Target Date Funds and Portfolio Choice in 401(K) Plans

NBER Working Paper No. w26684
Number of pages: 34 Posted: 22 Jan 2020
Olivia S. Mitchell and Stephen P. Utkus
University of Pennsylvania - The Wharton School and Vanguard
Downloads 15 (617,010)
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22.

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 and University of Pennsylvania - Insurance & Risk Management Department
Downloads 62 (378,619)
Citation 2

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23.

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
Downloads 62 (378,619)

Abstract:

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24.

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, University of Pennsylvania - Insurance & Risk Management Department and University of Pennsylvania - The Wharton School
Downloads 61 (381,672)

Abstract:

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25.

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
Downloads 57 (394,537)

Abstract:

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saving, retirement planning, 401(k) plans

26.

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 and Vanguard Group, Inc.
Downloads 56 (397,917)

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401K, savings, portfolio allocation, race, ethnicity

27.

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
Downloads 29 (509,184)
Citation 1
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28.

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
Downloads 15 (594,491)

Abstract:

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29.

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 and The Vanguard Group, Inc. - Center for Retirement Research

Abstract:

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30.

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 and The Vanguard Group, Inc. - Center for Retirement Research

Abstract:

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