SI 2025 Household Finance
Organized by Janet Gao, Adair Morse, and Stephen P. Zeldes
Supported by the Alfred P. Sloan Foundation and the Vanguard Group
July 17-18, 2025
Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA
Single-paper sessions with discussants: authors (20 minutes), discussant (10 minutes), general discussion (15 minutes) Lightning round session: authors (12 minutes per paper), general discussion (8 minutes per paper).
Thursday, July 17
8:00 am
Coffee and Pastries
8:40 am
Introduction
8:45 am

Credit Card Banking

Itamar Drechsler, University of Pennsylvania and NBER
Hyeyoon Jung, Federal Reserve Bank of New York
Weiyu Peng, University of Pennsylvania
Dominik Supera, Columbia University
Guanyu Zhou, University of Pennsylvania

Discussant:
Scott T. Nelson, University of Chicago
9:30 am
Break
9:45 am

Buy Now Pay (Less) Later: Leveraging Private BNPL Data in Consumer Banking

Christine Laudenbach, Goethe University Frankfurt
Elin Molin, Lund University
Kasper Roszbach, Norges Bank
Talina Sondershaus, Lund University

Discussants:
Emily Williams, The Investment Company Institute
Manju Puri, Duke University and NBER
10:30 am
Break
10:45 am

Credit Access in the United States

Trevor Bakker, U.S. Census Bureau
Stefanie DeLuca, Johns Hopkins University
Eric English, U.S. Census Bureau
James S. Fogel, Opportunity Insights
Nathaniel Hendren, Massachusetts Institute of Technology and NBER
Daniel Herbst, University of Arizona

Discussant:
Will S. Dobbie, Harvard University and NBER
11:30 am
Break
Lightning Session
11:45 am

A Family Affair: The Effects of College on Parent and Student Finances

Palaash Bhargava, Columbia University
Sandra E. Black, University of Texas at Austin and NBER
Jeffrey T. Denning, University of Texas at Austin and NBER
Robert W. Fairlie, University of California, Los Angeles and NBER
Oded Gurantz, University of Colorado Boulder

Intergenerational Effects of Debt Relief: Evidence from Bankruptcy Protection

Naser Hamdi, Equifax Inc
Ankit Kalda, Indiana University
Qianfan Wu, Indiana University
12:25 pm
Lunch
1:15 pm
Editors’ Roundtable: Priorities and Pressing Frontiers in Household Finance
Moderator: Stephen Zeldes, Columbia University and NBER
Journal editors:
Tarun Ramadorai, Imperial College
Nikolai Roussanov, University of Pennsylvania and NBER
Philipp Schnabl, New York University and NBER
Antoinette Schoar, Massachusetts Institute of Technology and NBER
2:15 pm
Break
2:30 pm

Retention or Regressivity? The Empirical Effects of 401(k) Vesting Schedules

Guillermo Carranza, Yale University
Aaron S. Goodman, The Vanguard Group

Discussant:
Allison T. Cole, Arizona State University
3:15 pm
Break
3:30 pm

Intermediation, Choice Frictions, and Adverse Selection: Evidence from the Chilean Pension Market

Eduard Boehm, London School of Economics and Political Science (LSE)

Discussant:
Erica Xuewei Jiang, University of California, Los Angeles
4:15 pm
Break
4:30 pm

Private Capital Markets and Inequality

Ararat Gocmen, University College London
Clara Martinez-Toledano, Imperial College London
Vrinda Mittal, University of North Carolina at Chapel Hill

Discussant:
Arthur Korteweg, University of Southern California
5:15 pm
Adjourn
Friday, July 18
8:30 am
Coffee and Pastries
9:00 am

The Complexity of Economic Decisions

Xavier Gabaix, Harvard University and NBER
Thomas Graeber, Harvard University

Discussant:
Pedro Bordalo, University of Oxford
9:45 am
Break
10:00 am

Information Resonance

Ulrike Malmendier, University of California, Berkeley and NBER
Ryan Oprea, University of California, Santa Barbara
Laura Veldkamp, Columbia University and NBER

Discussant:
Francesca Bastianello, University of Chicago
10:45 am
Break
Lightning Session
11:00 am

Flooded House or Underwater Mortgage? The Macrofinancial Implications of Climate Change and Adaptation

Yasmine van der Straten, Nova School of Business & Economics (Nova SBE)

Bachelorette's Degree: Financial Shocks and the Gender Performance Gap

Jess Cornaggia, The Pennsylvania State University
Kimberly J. Cornaggia, The Pennsylvania State University
Han Xia, University of Texas at Dallas

Who Pays For Your Rewards? Redistribution in the Credit Card Market

Sumit Agarwal, National University of Singapore
Andrea F. Presbitero, International Monetary Fund
Andre F. Silva, Federal Reserve Board of Governors
Carlo Wix, Federal Reserve Board of Governors

Who Reaps the Value of Your Life?

Alexander Braun, University of St.Gallen
Lauren Cohen, Harvard University and NBER
Jiahua Xu DR, University College London
12:20 pm
Lunch
1:20 pm

Working it out: Randomized Restructuring and Entrepreneurial Effort in a Collateralized Debt Market

Christopher Eaglin, Duke University
Apoorv Gupta, Dartmouth College
Filippo Mezzanotti, Northwestern University and NBER
Jonathan Zinman, Dartmouth College and NBER

Discussant:
Avantika Pal, University of Illinois at Urbana Champaign
2:05 pm
Break
2:15 pm

Geographic Funding Risk and Market Power in Deposit Markets

Juan Martin Morelli, Federal Reserve Bank of New York
Matias Moretti, University of Rochester
Venky Venkateswaran, New York University and NBER

Discussant:
Quinn Maingi, University of Southern California
3:00 pm
Adjourn