CEPR Network Event on Household Finance

Event details

6 May 2016
08:00 - 17:00

The CEPR, Imperial College Business School and London Business School are organizing the first European Household Finance Workshop on May 6-7, 2016. The objective is to host presentations and foster interaction between senior and junior researchers working in the area of household finance. The workshop will include state-of-the-art research on household financial behavior and on how this is influenced by other choices, government policies, and the overall economic environment.

The full programme can be found here and below.
Time Friday 6 May 09.00-18.00
08:50-09:10 Registration Business School Atrium (Tanaka Building)
09:10- 09:15 Welcome address by Anand Anandalingam (Dean, Imperial College Business School)
09:15-09:20 Update on Household Finance Network by Michael Haliassos (Director, CEPR Network on Household Finance)
09:20-11:00 Session One: Consumer Credit Chair: Francisco Gomes (London Business School, CFS, and CEPR) Claus Thustrup Kreiner (Copenhagen University and CEPR), Søren Leth-Petersen (Copenhagen University and CEPR) and Louise Willerslev-Olsen (Copenhagen University) Financial trouble across generations: evidence from the universe of personal loans in Denmark Discussant: Samuli Knupfer (BI Norwegian Business School and CEPR) Marieke Bos (Stockholm University), Chloe Le Coq (Stockholm School of Economics) and Peter Van Santen (Sveriges Riksbank) Economic Scarcity and Consumers’ Credit Choice Discussant: Andrew Hertzberg (Columbia Business School)
11:00-11:20 Tea/Coffee
11:20-13:00 Session Two: Mortality Risk Chair: Michalis Haliassos (Goethe University Frankfurt and CEPR) Vimal Balasubramaniam (Saïd Business School, Oxford) Subjective Mortality Expectations and Financial Outcomes Discussant: Francisco Gomes (London Business School, CFS, and CEPR) Jens Sørlie Kværner (Norwegian School of Economics) What Can Shocks to Life Expectancy Reveal About Bequest Motives? Discussant: Alex Michaelides (Imperial College London and CEPR)
13:00-14:10 Lunch
14:10-15:50 Session Three: Mortgages Chair: Alex Michaelides (Imperial College London and CEPR) Sean Hundtofte (Yale University) No such thing as a free option? Offers to modify mortgages and borrower mistakes Discussant: Joao Cocco (London Business School, CFS, and CEPR) Sumit Agarwal (National University of Singapore), Gene Amromin (Federal Reserve Bank of Chicago), Souphala Chomsisengphet (OCC), Tomasz Piskorski (Columbia University and NBER), Amit Seru (Booth School of Business, University of Chicago and NBER) and Vincent Yao (Georgia State University) Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program Discussant: Tarun Ramadorai (Saïd Business School, Oxford, and CEPR)
15:50-16:10 Tea/Coffee
16:10-18:00 Session Four: Consumption Chair: Luigi Guiso (EIEF and CEPR) Deniz Aydin (Stanford University) The Marginal Propensity to Consume Out of Liquidity: Evidence from Random Assignment of 54,522 Credit Lines Discussant: Tullio Jappelli (CSEF, University of Naples and CEPR) Thais Laerkholm Jensen and Niels Johannesen (University of Copenhagen) The Consumption Effects of the 2007-2008 Financial Crisis: Evidence from Household-level data Discussant: Kim Peijnenburg (Bocconi)
17:50-18:00 Closing Remarks
Time Saturday 7 May 09.30-16.20
09:30-09:45 Coffee on arrival
09:45-12:30 Session Five: Pensions Chair: Monica Paiella (University of Naples Parthenope) Magnus Dahlquist (Stockholm School of Economics and CEPR), Ofer Setty (Tel Aviv University) and Roine Vestman (Stockholm University) On the Asset Allocation of a Default Pension Fund Discussant: Michalis Haliassos (Goethe University Frankfurt and CEPR) Cormac O’Dea (Institute for Fiscal Studies and University College London) Private Pensions and Public Pension Design Discussant: Michaela Pagel (Columbia Business School)
11:25-11:40 Tea/Coffee
John Beshears (Harvard Business School and NBER), James J. Choi (Yale University and NBER), David Laibson (Harvard University and NBER), Brigitte C. Madrian (Harvard University and NBER) and Sean (Yixiang) Wang (NBER) Who Is Easier to Nudge? Discussant: Luigi Guiso (EIEF and CEPR)
12:30 -13:30 Lunch
13:30-16:20 Session Six: Individual Investors and Personal ExperiencesChair: Tarun Ramadorai (Saïd Business School, Oxford, and CEPR) Benjamin Loos (University of Mannheim), Steffen Meyer (Leibnitz University) and Andreas Hackethal (Goethe University Frankfurt) Fee-only Advice Discussant: Alessandro Previtero (The University of Texas at Austin) Geert Bekaert (Columbia Business School and CEPR), Kenton Hoyem (Financial Engines, Inc.)), Wei-Yin Hu (Financial Engines, Inc.) and Enrichetta Ravina (Columbia Business School) Who is internationally diversified? Evidence from 296 401(k) plans Discussant: Laurent Calvet (HEC Paris, CFS and CEPR)
15:10 -15:25 Tea/Coffee
Ulrike Malmendier (UC Berkeley and CEPR) and Alexandra Steiny (UC Berkeley) Rent or Buy? The Role of Lifetime Experiences of Macroeconomic Shocks within and across Countries Discussant: Anthony De Fusco (Kellogg School of Management, Northwestern University)
16:15 -16:20 Closing Remarks

Event details

6 May 2016
08:00 - 17:00

Event details

Date: 6 May 2016
Time: 08:00 - 17:00
Contact: