Samuelson Award given annually to author of research publication focusing on maintaining and improving Americans' lifelong financial well-being
New York, January 5, 2015 — The TIAA-CREF Institute today announced C. Eugene Steuerle as the winner of the 19th annual TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security. The Samuelson Award is given annually in recognition of an outstanding research publication containing ideas that the public and private sectors can use to maintain and improve Americans’ lifelong financial well-being.
Steuerle, the Richard B. Fisher Chair at the Urban Institute, was recognized for his book "Dead Men Ruling: How to Restore Fiscal Freedom and Rescue Our Future," which explores ways to advance our economic security by bringing new resources to our government.
"'Dead Men Ruling' tackles one of the most pressing issues of today – making sure the nation invests in its future and its children, which cannot be done without restoring flexibility to our federal budget. We live in a time of extraordinary opportunity, not a time of austerity. I am especially grateful to the TIAA-CREF Institute for recognizing this book and presenting me with the Samuelson Award," Steuerle said.
The book provides a series of comprehensive advancements that look to a 21st century agenda that focuses on adequacy to opportunity, an approach that includes early investment in children and financial education, and a workforce strategy that recognizes the talent and potential of older workers.
"Steuerle delivers a unique look not just at the economic state of our nation, but at how we got there," said Stephanie Bell-Rose, head of the TIAA-CREF Institute. "He presents a thoughtful road forward on how the nation is presented with a prime opportunity to find growth and prosperity."
"Steuerle's work is exemplary in that it shows how our government’s fiscal situation is linked to various issues that have been solidifying for decades, and he lays out proposals that deserve serious consideration," said Samuelson Award judge James Choi, professor of finance at Yale University.
About the Paul A. Samuelson Award
The award is named after Nobel Prize winner Paul A. Samuelson in honor of his achievements in the field of economics, as well as for his service as a CREF trustee from 1974 to 1985.
The Samuelson Award winner is selected by a panel of distinguished judges composed of TIAA-CREF Institute fellows and previous award winners. This year's panel includes:
- James Choi, associate professor, Yale University
- Eric Johnson, professor of business, Columbia University
- Brigitte Madrian, professor of public policy and corporate management, Harvard University
- Jonathan Reuter, associate professor of finance, Boston College
- John Rust, professor of economics, Georgetown University
The TIAA-CREF Institute presented the award in Boston on January 3, 2015, during the annual meeting of the Allied Social Science Associations.
For more information about the TIAA-CREF Institute, which manages the Samuelson Award program, visit the institutes website.
About the TIAA-CREF Institute
The TIAA-CREF Institute helps advance the ways individuals and institutions plan for financial security and organizational effectiveness. The institute conducts in-depth research, provides access to a network of thought leaders, and enables those we serve to anticipate trends, plan future strategies and maximize opportunities for success.
TIAA-CREF (www.tiaa.org) is a national financial services organization with $840 billion in assets under management (as of 10.1.14) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
Samuelson Award Winner Bio
C. Eugene "Gene" Steuerle is an American economist, Richard B. Fisher chair and institute fellow at the Urban Institute in Washington, D.C., and the author of the column "The Government We Deserve." He has served as deputy assistant secretary of the U.S. Department of the Treasury for tax analysis, president of the National Tax Association, chair of the technical panel advising Social Security on methods and assumptions, vice president of the Peter G. Peterson Foundation, and economic coordinator of the Treasury Department's efforts leading to the Tax Reform Act of 1986. He co-founded the Urban-Brookings Tax Policy Center, the Urban Institute's Center on Nonprofits and Philanthropy and its Program on Retirement Policy, and ACT for Alexandria, a community foundation he now chairs. His writings span 16 books, including "Dead Men Ruling," "Retooling Social Security for the 21st Century" and "Contemporary Tax Policy," along with more than 1,200 articles and columns. He received his doctorate with distinction in public finance from the University of Wisconsin-Madison.