Stephen P. Zeldes

Stephen P. Zeldes photo

Stephen P. Zeldes

Benjamin M. Rosen Professor of Finance and Economics; Chair of Finance and Economics Division, Columbia Business School
Columbia University

Stephen P. Zeldes is the Benjamin M. Rosen Professor of Economics and Finance at Columbia University’s Graduate School of Business, and currently serves as chair of the school’s Finance and Economics division. He also serves as a Research Associate and co-director of the Working Group on Household Finance at the National Bureau of Economic Research. Prior to joining the Columbia faculty in 1996, Zeldes was a professor at the Wharton School of the University of Pennsylvania.

In his research, Zeldes has examined a wide range of applied issues in both macroeconomics and household finance, and his work has been published in leading academic journals. He is a member of the Advisory Board of the Pension Research Council, a fellow at the TIAA-CREF Institute, and a member of the New York City Retirement Security Study Group (formed by the Comptroller in 2015). Zeldes earned his Ph.D. in economics from MIT in 1984 and his bachelor’s degree in economics and applied mathematics from Brown University in 1978.

Professional Achievements

  • Received the TIAA Paul A. Samuelson Award for Prospects for Social Security Reform (with John Geanakoplos and Olivia S. Mitchell, University of Pennsylvania Press, 1999).
  • Received the Dean’s Award for Teaching Excellence in a Core Course, 2012.
  • Received the Dean’s Award for Innovation in the Curriculum, 2013.


January 2013
Annuities are not popular despite providing valuable insurance against outliving one’s savings.
September 2013
We conduct and analyze two large surveys of hypothetical annuitization choices. We find that allowing individuals to annuitize a fraction of their wealth increases annuitization relative to a situation where annuitization is an “all or nothing” decision.