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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2011

Household Finance Workshop

Brigitte Madrian, Nicholas Souleles, and Peter Tufano, Organizers

 

July 22, 2011

Royal Sonesta Hotel
University BC

40 Edwin H. Land Blvd.

Cambridge, Massachusetts

PROGRAM

Friday, July 22:

8:15 am

Coffee and Pastries


8:45 am


Alexander W. Butler, Rice University
Jess Cornaggia, Indiana University
Umit Gurun, University of Texas at Dallas
Substitution Between Sources of Finance in Consumer Capital Markets

Discussant: Enrichetta Ravina, Columbia University

9:45 am

Break


10:00 am


Sendhil Mullainathan, Harvard University and NBER
Markus Noeth, Universitat Hamburg
Antoinette Schoar, Massachusetts Institute of Technology and NBER
The Market for Financial Advice: an Audit Study

Discussant: Jay Ritter, University of Florida


11:00 am


Falko Fecht, EBS Business School
Andreas Hackethal and Yigitcan Karabulut, Goethe University Frankfurt
Is Proprietary Trading Detrimental to Retail Investors??

Discussant: Jonathan Reuter, Boston College and NBER

12:00 n

Lunch


12:45 pm


Justine Hastings, Brown University and NBER
Jesse M. Shapiro, University of Chicago and NBER

Mental Accounting and Consumer Choice:
Evidence from Commodity Price Shocks


Discussant: Orazio Attanasio, University College London and NBER


1:45 pm


Andrew Hertzberg, Columbia University
Exponential Individuals, Hyperbolic Households

Discussant: Daniel Gottlieb, Princeton University

2:45 pm

Break


3:00 pm


Tullio Jappelli, University of Napoli
Mario Padula, Universita Ca' Foscari di Venezia
Investment in Financial Literacy and Saving Decisions

Discussant: Stephan Meier, Columbia University


4:00 pm


Johan Almenberg, Swedish Ministry of Finance

Artashes Karapetyan, Norges Bank

The Hidden Costs of Hidden Debt

 

Discussant: Kasper Roszbach, Sveriges Riksbank

 

5:00 pm

Adjourn