Household Finance across the Lifecycle
Organized by Shilpa Aggarwal and Amit Seru
Supported by Indian School of Business
December 13-14, 2025
Indian School of Business (ISB), Hyderabad, India
Friday, December 12
6:00pm
Welcome Dinner, ITC Kohenur
Saturday, December 13
9:00am
Welcoming Remarks
9:15am

Indian Household Finance: Past, Present, and Future

Tarun Ramadorai, Imperial College London

Discussants:
Raghuram Rajan, University of Chicago and NBER
James M. Poterba, Massachusetts Institute of Technology
10:15am
Break
10:30am

Household Consumption and Savings over the Life-Cycle: Role of Demographics and Durables

Areendam Chanda, Louisiana State University
Neha Bairoliya, University of Southern California
Jingyi Fang, Federal Reserve Bank of Minneapolis
Fang Yang, Federal Reserve Bank of Dallas

Discussant:
TBA
11:45am

Consumption, Savings, and Earnings Responses to Financial Windfalls

Rajashri Chakrabarti, Federal Reserve Bank of New York
Philippe d'Astous, HEC Montreal
Kory Kroft, University of Toronto and NBER
Sheisha Kulkarni, University of Virginia
Vyacheslav Mikhed, Federal Reserve Bank of Philadelphia
Matthew J. Notowidigdo, University of Chicago and NBER
Sahil Raina, University of Alberta
Barry Scholnick, University of Alberta

Discussant:
Clemens Sialm, University of Texas at Austin and NBER
1:00pm
Lunch
2:00pm

Inflation Expectations and Portfolio Rebalancing of Households: Evidence from Inflation Targeting in India

Sumit Agarwal, National University of Singapore
Yeow Hwee Chua, Nanyang Technological University
Pulak Ghosh, India Institute of Management Bangalore
Changcheng Song, University of Florida

Discussant:
Viral V. Acharya, New York University and NBER
3:15pm
Break
3:30pm

Divine Catalysts: Religion and Portfolio Choices

Maxime Bonelli, London Business School
Pulak Ghosh, India Institute of Management Bangalore
Lakshmi Naaraayanan, London Business School
Purnoor Tak, London Business School

Discussant:
Shashwat Alok, Indian School of Business (ISB)
4:45pm
Adjourn
6:00pm
Dinner, ISB Campus
Sunday, December 14
9:00am
Welcoming Remarks
9:15am
Panel Discussion

U.S. Household Finance: Past, Present, and Future
Moderator: Amit Seru, Stanford University and NBER
Panelists:
Adair Morse, University of California, Berkeley and NBER
Stephen Zeldes, Columbia University and NBER
10:15am
Break
10:30am

Describing Appraisal Gaps in India: Disparity in Collateral and Mortgage Access

Nirupama Kulkarni, CAFRAL
Abhiman Das, Indian Institute of Management Ahmedabad
Niranjan Kumar

Discussant:
Vimal Balasubramaniam, Queen Mary University of London
11:45am

Evaluating and Pricing Health Insurance in Lower-income Countries: A Field Experiment in India

Anup Malani, University of Chicago and NBER
Cynthia Kinnan, Tufts University and NBER
Gabriella Conti, University College London
Kosuke Imai, Harvard University
Morgen Miller, University of Michigan
Shailender Swaminathan, IFMR
Alessandra Voena, Stanford University and NBER
Bartosz Woda, University of Chicago Law School

Discussant:
Shilpa Aggarwal, Indian School of Business (ISB)
1:00pm
Lunch
2:00pm

Household Portfolio and Deposit Insurance: Implications for the Supply of Safe Asset

Pulak Ghosh, India Institute of Management Bangalore
Nicola Limodio, Bocconi University
Nishant Vats, Washington University in St Louis

Discussant:
Manju Puri, Duke University and NBER
3:15pm
Break
3:30pm

Bank Credit as a Constituent Service? Evidence from Indian State Legislators

Subrata Kumar Ritadhi, Ashoka University

Discussant:
Amit Seru, Stanford University and NBER
4:45pm
Closing Remarks
5:00pm
Adjourn
6:00pm
Dinner, ITC Kohenur