Thursday, July 21
8:15 am
Coffee and Pastries
9:00 am

Simple Allocation Rules and Optimal Portfolio Choice Over the Lifecycle

Victor Duarte, University of Illinois at Urbana-Champaign
Julia Fonseca, University of Illinois Urbana-Champaign
Aaron S. Goodman, Vanguard
Jonathan A. Parker, Massachusetts Institute of Technology and NBER

Discussant:
James J. Choi, Yale University and NBER
9:45 am
Break
10:00 am

Who Benefits from Retirement Saving Incentives in the U.S.? Evidence on Racial Gaps in Retirement Wealth Accumulation (slides)

Taha Choukhmane, Massachusetts Institute of Technology and NBER
Jorge Colmenares, Harvard University
Cormac O'Dea, Yale University and NBER
Jonathan L. Rothbaum, U.S. Census Bureau
Lawrence Schmidt, Massachusetts Institute of Technology

Discussant:
Natasha Sarin, Yale University
10:45 am
Break
11:00 am
Lightning Round Papers

Alleviating Constraints or Targeting the Unsophisticated? The Government-led Household Credit Expansion in Brazil

Gabriel Garber, Central Bank of Brazil
Atif R. Mian, Princeton University and NBER
Jacopo Ponticelli, Northwestern University and NBER
Amir Sufi, University of Chicago and NBER

Access to Citizenship & Migrant Saving Choices

Hannah Zillessen, University of Leuven

Wealth and Insurance Choices: Evidence from U.S. Households

Camelia M. Kuhnen, University of North Carolina at Chapel Hill and NBER
Michael J. Gropper, University of Colorado - Boulder
12:00 pm
Lunch
12:45 pm

The Economics of Lapsation

Ralph S. J. Koijen, University of Chicago and NBER
Hae Kang Lee, University of South Carolina
Stijn Van Nieuwerburgh, Columbia University and NBER

Discussant:
Daniel Gottlieb, London School of Economics
1:30 pm
Break
1:45 pm
Panel Discussion: Inflation and Household Finance
Carola Binder, Haverford College
Jonathan A. Parker, Massachusetts Institute of Technology and NBER
James M. Poterba, Massachusetts Institute of Technology
Martin Schneider, Stanford University and NBER
2:45 pm
Break
3:00 pm

Financial Returns to Household Inventory Management

Scott R. Baker, Northwestern University and NBER
Stephanie G. Johnson, Rice University
Lorenz Kueng, Swiss Finance Institute

Discussant:
Pascal J. Noel, University of Chicago and NBER
3:45 pm
Adjourn
Friday, July 22
8:15 am
Coffee and Pastries
9:00 am

Market Power in Credit Markets

Manolis Galenianos, Royal Holloway, University of London
Tzuo Hann Law, University of Pennsylvania
Jaromir Nosal, Boston College

Discussant:
Greg Buchak, Stanford University
9:45 am
Break
10:00 am

Equity and Incentives in Household Financing

Daniel Herbst, University of Arizona
Miguel Palacios, University of Calgary
Constantine Yannelis, University of Cambridge

Discussant:
Emily Gallagher, University of Colorado at Boulder
10:45 am
Break
11:00 am
Lightning Round Papers

Attention Constraints and Financial Inclusion

Bo Huang, Renmin University of China
Jiacui Li, University of Utah
Tse-Chun Lin, University of Hong Kong
Mingzhu Tai, University of Hong Kong
Yiyuan Zhou, University of Hong Kong

Refinancing Cross-subsidies in the Mortgage Market

Jack W. Fisher, University of Virginia
Alessandro Gavazza, London School of Economics
Lu Liu, University of Pennsylvania
Tarun Ramadorai, Imperial College London
Jagdish Tripathy, Bank of England

Price Discrimination and Mortgage Choice (slides)

Jamie Coen, Imperial College London
Anil K Kashyap, University of Chicago and NBER
May Rostom, Bank of England
12:00 pm
Lunch
12:45 pm

The Lifetime Costs of Bad Health

Mariacristina De Nardi, University of Minnesota and NBER
Svetlana Pashchenko, University of Georgia
Ponpoje Porapakkarm, National Graduate Institute for Policy Studies (Tokyo)

Discussant:
Karen Kopecky, Federal Reserve Bank of Cleveland
1:30 pm
Break
1:45 pm

Bank Competition amid Digital Disruption: Implications for Financial Inclusion

Jinyuan Zhang, University of California, Los Angeles
Erica Xuewei Jiang, University of Southern California
Gloria Yang Yu, Singapore Management University

Discussant:
Daniel Grodzicki, Pennsylvania State University
2:30 pm
Break
2:45 pm

Equilibrium in Two-Sided Markets for Payments: Consumer Awareness and the Welfare Cost of the Interchange Fee (slides)

Kim Huynh, Bank of Canada
Gradon Nicholls, Bank of Canada
Alex Shcherbakov, Bank of Canada

Discussant:
Christine Parlour, University of California at Berkeley
3:30 pm
Adjourn