Program
September 12
08:30 Coffee
Chair: Paolo Sodini
09:00-09:45 “Ratings and Asset Allocation: An Experimental Analysis”
Robert L. McDonald*, Northwestern University
Discussant: Luigi Guiso, Einaudi Institute for Economics and Finance
09:45-10:30 “Automatic Enrollment, Escalation Clauses, and Retirement Savings”
Enrichetta Ravina, Columbia University
Discussant: Matti Keloharju, Aalto University
10:30-11:00 Break
Chair: Michael Haliassos
11:00-11:45 “Who are the Value and Growth Investors?”
Sebastien Betermier*, McGill University
Discussant: Claus Munk, Copenhagen Business School
11:45-12:30 “Time is Money: Rational Life Cycle Inertia and the Delegation of Investment Management”
Hugh H. Kim*, Sungkyunkwan University
Discussant: Stijn Van Nieuwerburgh, New York University
12:30-14:00 Lunch
Chair: Laurent Calvet
14:00-14:45 “The Costs and Benefits of Financial Advice”
Alessandro Previtero, Western University
Discussant: Michael Haliassos, Goethe University Frankfurt
14:45-15:30 “It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans”
Veronika K. Pool*, Indiana University
Discussant: Brigitte Madrian, Harvard Kennedy School
15:30-15:45 Break
15:45-16:30 “Mainstreaming Finance: Financial Education through Entertainment Media”
Bilal Zia, The World Bank
Discussant: Stephen P. Zeldes, Columbia University
September 13
08:30 Coffee
Chair: Luigi Guiso
09:00-09:45 “Individual Judgment and Trust Formation: An Experimental Investigation of Online Financial Advice”
Susan Thorp, University of Technology, Sydney
Discussant: Paolo Sodini, Stockholm School of Economics
09:45-10:30 “Did Consumers Want Less Debt? Consumer Credit Demand Versus Supply in the Wake of the 2008-2009 Financial Crisis”
Reint Gropp, Goethe University
Discussant: Alexander Michaelides, Imperial College London
10:30-11:00 Break
Chair: Joao Cocco
11:00-11:45 “Debt and the Consumption Response to Household Income Shocks“
Scott R. Baker, Stanford University
Discussant: Tullio Jappelli, University of Naples Federico II
11:45-12:30 “Personal Bankruptcy Protection and Household Debt”
Felipe Severino*, Dartmouth College
Discussant: Laurent E. Calvet, HEC Paris
12:30-14:00 Lunch
Chair: Alexander Michaelides
14:00-14:45 “The dynamics of overdraft fees and incidence”
Colin Watson, University of Michigan
Discussant: Tarun Ramadorai, Saïd Business School, University of Oxford
14:45-15:30 “The Effectiveness of Mandatory Mortgage Counseling: Can One Dissuade Borrowers from Choosing Risky Mortgages?”
Gene Amromin, Federal Reserve Bank of Chicago
Discussant: Joao Cocco, London Business School
Closing of conference.