SI 2026 Household Finance
Organized by Raymond Kluender, Adair Morse, and Stephen P. Zeldes
Supported by the Vanguard Group
July 23-24, 2026
Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA
Regular sessions: 20 minutes present, 10 minutes discussant, 15 minutes general discussion. Lightning sessions: 13 minutes present, 9 minutes discussion
Thursday, July 23
8:30 am
Coffee and Pastries
9:00 am
Introduction
9:15 am

Competition with Multi-Dimensional Prices: Theory and Evidence from U.S. Mortgage Markets

Greg Buchak, Stanford University and NBER
Adam T. Jorring, University of Massachusetts, Amherst

Discussant:
Erica Xuewei Jiang, University of California, Los Angeles and NBER
10:00 am
Break
10:15 am

Credit Card Market Power

Kyle F. Herkenhoff, University of Minnesota and NBER
Juan Martin Morelli, Federal Reserve Bank of New York

Discussant:
Naz Koont, Stanford University
11:00 am
Break
11:15 am

A Danish Fix for U.S. Mortgage Lock-in?

David W. Berger, Duke University and NBER
Fabrice Tourre, Baruch College of the City University of New York
Julie Marx, Copenhagen Business School
Maria Olesen, Copenhagen Business School
Jaehun Jeong, Duke University

Discussant:
Lu Liu, University of Pennsylvania
12:00 pm
Lunch
Lightning Session
1:00 pm

Information and Macroeconomic Expectations: Global Evidence

Francesco D’Acunto, Georgetown University
Michael Weber, Purdue University and NBER
1:23 pm

Gambling for Goals

Costas Arkolakis, Yale University and NBER
Spencer Yongwook Kwon, Brown University
Dominic Russel, Harvard University
Claire Shi, Harvard University
Hyunjoo Yang, Sogang University
1:45 pm
Break
2:00 pm

Inflation Through the Mortgage Market

Arpit Gupta, New York University and NBER
Christopher Hansman, Emory University
Pierre Mabille, INSEAD

Discussant:
Nina Boyarchenko, Federal Reserve Bank of New York
2:45 pm
Break
3:00 pm

Paying More and Buying Less: 2025 Tariffs and U.S. Household Spending

Sinem Hacioglu Hoke, Federal Reserve Board of Governors

Discussant:
Sharat Ganapati, Georgetown University and NBER
3:45 pm
Break
4:00 pm

AI Financial Advice: Supply, Demand, and Life Cycle Implications

Taha Choukhmane, Massachusetts Institute of Technology and NBER
Tim de Silva, Stanford University
Weidong Lin, Massachusetts Institute of Technology
Matthew Akuzawa, Massachusetts Institute of Technology

Discussant:
James J. Choi, Yale University and NBER
4:45 pm
Adjourn
Friday, July 24
8:30 am
Coffee and Pastries
9:00 am

Anticipatory Spending: Pre-Payment MPCs and Consumer Types

Scott R. Baker, University of Wisconsin - Madison and NBER
Michael Gelman, Claremont McKenna College
Lorenz Kueng, Swiss Finance Institute
Seung Hyeong Lee, Northwestern University

Discussant:
Michael Boutros, University of Toronto
9:45 am
Break
10:00 am

The How and Why of Household Reactions to Income Shocks

Roberto Colarieti, Harvard University
Pierfrancesco Mei, Harvard University
Stefanie Stantcheva, Harvard University and NBER

Discussant:
Abigail Sussman, The University of Chicago
10:45 am
Break
11:15 am

Saving and Consumption Responses to Student Loan Forbearance

Justin Katz, Harvard University

Discussant:
Constantine Yannelis, University of Cambridge
12:00 pm
Lunch
1:00 pm

Using AI in Household Finance Research: A Practical Guide

Paul Goldsmith-Pinkham, Yale University and NBER
2:15 pm
Break
Lightning Session
2:30 pm

Housing Bust and Long-Term Human Capital Scarring in the U.S.

Anna Pestova, TBS Business School
Alexander Popov, European Central Bank
2:53 pm

The Participation Puzzle

Federico Mainardi, Columbia University
Roxana Mihet, HEC Lausanne
Laura Veldkamp, Columbia University and NBER
3:17 pm

Child Penalties in Personal Finances: Evidence from Bank Data

Arna Olafsson, Copenhagen Business School
David Westerheide, Lund University
3:35 pm
Closing Remarks
3:45 pm
Adjourn