New Nobel economics laureate Daniel L. McFadden is meeting today with AARP analysts in Washington to discuss potential collaboration on research into retirement savings and other retirement issues. "AARP could form potentially a giant pool for research, with 30 million members, said Grace Katagiri, manager of the University of California at Berkeleys Econometrics Laboratory, of which Mr. McFadden is director. Ms. Katagiri said Mr. McFadden initiated the meeting. Neither Mr. McFadden nor AARP officials could be reached for comment.
Mr. McFadden, who was awarded the Nobel prize, along with James L. Heckman, for work in microeconometrics, is making retirement savings and related issues his new effort of research. He and some other academics are conducting a retirement perspectives survey on the Internet. "People have put so much trust in Social Security, there is a feeling a great pool of Americans arent as aware of retirement planning options as they should be, said Ms. Katagiri, who is working on the survey.