Thursday, July 22

10:30 am

Digital Collateral

Paul Gertler, University of California, Berkeley and NBER
Brett Green, Washington University in St Louis
Catherine Wolfram, Massachusetts Institute of Technology and NBER

Discussant:
Emily Breza, Harvard University and NBER

11:15 am

Competition and Selection in Credit Markets

Constantine Yannelis, University of Cambridge
Anthony Lee Zhang, University of Chicago

Discussant:
Claudia Robles Garcia, Stanford University

12:00 noon

Break

12:30 pm

Lightning Session (10-minute presentations, 5-minute general discussion)

Mortgage Prepayment, Race, and Monetary Policy

Kristopher Gerardi, Federal Reserve Bank of Atlanta
Paul S. Willen, Federal Reserve Bank of Boston and NBER
David Hao Zhang, Rice University

Using High-Frequency Evaluations to Estimate Discrimination: Evidence from Mortgage Loan Officers

Marco Giacoletti, University of Southern California
Rawley Z. Heimer, Arizona State University
Edison G. Yu, Federal Reserve Bank of Philadelphia

How Much Does Racial Bias Affect Mortgage Lending? Evidence from Human and Algorithmic Credit Decisions

Neil Bhutta, Federal Reserve Board of Governors
Aurel Hizmo, Federal Reserve Board of Governors
Daniel R. Ringo, Federal Reserve Board of Governors

Gig-Labor: Trading Safety Nets for Steering Wheels

Naser Hamdi, Equifax Inc
Vyacheslav Fos, Boston College and NBER
Ankit Kalda, Indiana University
Jordan Nickerson, University of Washington

Aversion to Student Debt? Evidence from Low-wage Workers

David Sovich, University of Kentucky
Radhakrishnan Gopalan, Washington University, St. Louis
Barton Hamilton, Washington University in St Louis
Jorge A. Sabat, Washington University in St Louis

1:45 pm

Break

2:00 pm

Rural Banks Can Reduce Poverty: Evidence from 870 Indian Villages

Giorgia Barboni, Warwick University
Erica M. Field, Duke University and NBER
Rohini Pande, Yale University and NBER

Discussant:
Sean Higgins, Northwestern University

2:45 pm

Misconduct and Reputation under Imperfect Information

Francis Annan, University of California, Berkeley and NBER

Discussant:
Mariassunta Giannetti, Stockholm School of Economics

3:30 pm

Happy Hour

4:00 pm

Adjourn

Friday, July 23

The first two papers are joint with Aging

10:30 am

Measuring Valuation of Liquidity with Penalized Withdrawals (slides)

David Coyne, Department of the Treasury
Itzik Fadlon, University of California, San Diego and NBER
Tommaso Porzio, Columbia University and NBER

Discussant:
Taha Choukhmane, Massachusetts Institute of Technology and NBER

11:15 am

Demographics, Wealth, and Global Imbalances in the Twenty-First Century

Adrien Auclert, Stanford University and NBER
Hannes Malmberg, University of Minnesota-Madison
Frederic Martenet, Stanford University
Matthew Rognlie, Northwestern University and NBER

Discussant:
Christina Patterson, University of Chicago and NBER

12:00 noon

Break

12:30 pm

Panel: Climate Change and Household Finance
Moderator:
Adair Morse, University of California, Berkeley and US Dept of the Treasury
Panelists:
Harrison Hong, Columbia University and NBER
Esteban Rossi-Hansberg, University of Chicago and NBER
Johannes Stroebel, New York University and NBER

1:45 pm

Break

2:00 pm

Government and Private Household Debt Relief during COVID-19

Susan Cherry, Stanford University
Erica Xuewei Jiang, University of Southern California
Gregor Matvos, Northwestern University and NBER
Tomasz Piskorski, Columbia University and NBER
Amit Seru, Stanford University and NBER

Discussant:
Amir Sufi, University of Chicago and NBER

2:45 pm

Lightning Session (10-minute presentations, 5-minute general discussion)

Personal Bankruptcy and the Accumulation of Shadow Debt (slides)

Bronson Argyle, Brigham Young University
Benjamin Iverson, Brigham Young University
Taylor D. Nadauld, Brigham Young University
Christopher Palmer, Massachusetts Institute of Technology and NBER

Asset Allocation and Returns in the Portfolios of the Wealthy

Cynthia Balloch, London School of Economics
Julian Richers, Addepar

Investor Attention, Reference Points and the Disposition Effect

John Gathergood, University of Nottingham
George Loewenstein, Carnegie Mellon University
Neil Stewart, University of Warwick
Edika Quispe-Torreblanca, Leeds University Business School

The Effect of Stock Ownership on Individual Spending and Loyalty

Vrinda Mittal, University of North Carolina Chapel Hill
Paolina C. Medina, University of Houston
Michaela Pagel, Washington University in St Louis and NBER

3:45 pm

Happy Hour

4:15 pm

Adjourn

presenting authors are in bold


	Thursday, July 22
10:30 am	Digital Collateral Paul Gertler, University of California, Berkeley and NBER Brett Green, Washington University in St Louis Catherine Wolfram, Massachusetts Institute of Technology and NBER Discussant: Emily Breza, Harvard University and NBER
11:15 am	Competition and Selection in Credit Markets Constantine Yannelis, University of Cambridge Anthony Lee Zhang, University of Chicago Discussant: Claudia Robles Garcia, Stanford University
12:00 noon	Break
12:30 pm	Lightning Session (10-minute presentations, 5-minute general discussion)
	Mortgage Prepayment, Race, and Monetary Policy Kristopher Gerardi, Federal Reserve Bank of Atlanta Paul S. Willen, Federal Reserve Bank of Boston and NBER David Hao Zhang, Rice University
	Using High-Frequency Evaluations to Estimate Discrimination: Evidence from Mortgage Loan Officers Marco Giacoletti, University of Southern California Rawley Z. Heimer, Arizona State University Edison G. Yu, Federal Reserve Bank of Philadelphia
	How Much Does Racial Bias Affect Mortgage Lending? Evidence from Human and Algorithmic Credit Decisions Neil Bhutta, Federal Reserve Board of Governors Aurel Hizmo, Federal Reserve Board of Governors Daniel R. Ringo, Federal Reserve Board of Governors
	Gig-Labor: Trading Safety Nets for Steering Wheels Naser Hamdi, Equifax Inc Vyacheslav Fos, Boston College and NBER Ankit Kalda, Indiana University Jordan Nickerson, University of Washington
	Aversion to Student Debt? Evidence from Low-wage Workers David Sovich, University of Kentucky Radhakrishnan Gopalan, Washington University, St. Louis Barton Hamilton, Washington University in St Louis Jorge A. Sabat, Washington University in St Louis
1:45 pm	Break
2:00 pm	Rural Banks Can Reduce Poverty: Evidence from 870 Indian Villages Giorgia Barboni, Warwick University Erica M. Field, Duke University and NBER Rohini Pande, Yale University and NBER Discussant: Sean Higgins, Northwestern University
2:45 pm	Misconduct and Reputation under Imperfect Information Francis Annan, University of California, Berkeley and NBER Discussant: Mariassunta Giannetti, Stockholm School of Economics
3:30 pm	Happy Hour
4:00 pm	Adjourn
	Friday, July 23
	The first two papers are joint with Aging
10:30 am	Measuring Valuation of Liquidity with Penalized Withdrawals (slides) David Coyne, Department of the Treasury Itzik Fadlon, University of California, San Diego and NBER Tommaso Porzio, Columbia University and NBER Discussant: Taha Choukhmane, Massachusetts Institute of Technology and NBER
11:15 am	Demographics, Wealth, and Global Imbalances in the Twenty-First Century Adrien Auclert, Stanford University and NBER Hannes Malmberg, University of Minnesota-Madison Frederic Martenet, Stanford University Matthew Rognlie, Northwestern University and NBER Discussant: Christina Patterson, University of Chicago and NBER
12:00 noon	Break
12:30 pm	Panel: Climate Change and Household Finance Moderator: Adair Morse, University of California, Berkeley and US Dept of the Treasury Panelists: Harrison Hong, Columbia University and NBER Esteban Rossi-Hansberg, University of Chicago and NBER Johannes Stroebel, New York University and NBER
1:45 pm	Break
2:00 pm	Government and Private Household Debt Relief during COVID-19 Susan Cherry, Stanford University Erica Xuewei Jiang, University of Southern California Gregor Matvos, Northwestern University and NBER Tomasz Piskorski, Columbia University and NBER Amit Seru, Stanford University and NBER Discussant: Amir Sufi, University of Chicago and NBER
2:45 pm	Lightning Session (10-minute presentations, 5-minute general discussion)
	Personal Bankruptcy and the Accumulation of Shadow Debt (slides) Bronson Argyle, Brigham Young University Benjamin Iverson, Brigham Young University Taylor D. Nadauld, Brigham Young University Christopher Palmer, Massachusetts Institute of Technology and NBER
	Asset Allocation and Returns in the Portfolios of the Wealthy Cynthia Balloch, London School of Economics Julian Richers, Addepar
	Investor Attention, Reference Points and the Disposition Effect John Gathergood, University of Nottingham George Loewenstein, Carnegie Mellon University Neil Stewart, University of Warwick Edika Quispe-Torreblanca, Leeds University Business School
	The Effect of Stock Ownership on Individual Spending and Loyalty Vrinda Mittal, University of North Carolina Chapel Hill Paolina C. Medina, University of Houston Michaela Pagel, Washington University in St Louis and NBER
3:45 pm	Happy Hour
4:15 pm	Adjourn
	presenting authors are in bold