This Event is no longer receiving submissions.

The CEPR Network on Household Finance, NUS Business School and NUS Institute of Real Estate and Urban Studies with the support of the Think Forward Initiative (TFI), Swedish House of Finance and  EDHEC organised the 2021 CEPR European Conference on Household Finance that took place completely virtually in the form of online webinars. The objective was to present state-of-the-art empirical and theoretical research on household financial behaviour and on how it is influenced by other choices, government policies, and the overall economic environment. In addition to the three-day online webinars that took place on 6-8 October 2021, a CEPR-TFI online webinar event on “Digital Assets” organised by Sumit Agarwal (National University of Singapore), took place on 6 October 2021.

The organisers particularly encouraged submissions from PhD students in household finance planning to enter the job market in Winter 2022. Students applied online stating that they are a PhD student and supplied their CV. Top submissions, written exclusively by students, were included in the regular conference programme and in the candidates for the best student paper prize, awarded by the CEPR Network on Household Finance and sponsored by TFI. Past awardees have launched highly promising careers, including assistant professor positions in top academic institutions globally.

We solicited papers in the following areas, but other related areas may also be considered:

• Asset allocation and debt behaviour over the life cycle
• Financing retirement and the demographic transition
• Consumer indebtedness, financial distress, and default decisions
• Behavioural approaches to household finance
• Financial literacy and financial education programs
• Trust, subjective expectations, pessimism, and financial decisions
• International comparisons of household finances using micro-data
• Financial advice and legal protection of investors and borrowers 
• Financial innovation and household finances
• Households liquidity and risk management 
• Climate change, sustainability, and household finances 

Programme Committee
Sumit Agarwal (National University of Singapore), Steffen Andersen (Copenhagen Business School and CEPR), Laurent E. Calvet (EDHEC Paris, CFS, and CEPR), Joao Cocco (London Business School, CFS, and CEPR), Russell Cooper (European University Institute), Francisco Gomes (London Business School and CEPR), Luigi Guiso (EIEF and CEPR), Michael Haliassos (Goethe University Frankfurt and CEPR), Tullio Jappelli (University of Naples Federico II, CSEF and CEPR), Matti Keloharju (Aalto University and CEPR), Alex Michaelides (Imperial College and CEPR), Giovanna Nicodano (Università di Torino, ECGI and Netspar), Monica Paiella (University of Naples Parthenope and CEPR), Wenlan Qian (National University of Singapore), Tarun Ramadorai (Imperial Business School and CEPR), Sing Tien Foo (National University of Singapore), Paolo Sodini (Stockholm School of Economics, SHoF, and CEPR), Raman Uppal (EDHEC and CEPR).

Local Organisers
Sumit Agarwal (National University of Singapore), Cristian Badarinza (National University of Singapore and CEPR), Sing Tien Foo (National University of Singapore) and Wenlan Qian (National University of Singapore).

 

The deadline for submissions was 18:00 (BST), Monday 19 July 2021.
 

CEPR European Conference on Household Finance 2021 - Programme

CEPR European Conference on Household Finance 2021

Online
6-8 October 2021

*All timings are in CEST

 

CEPR European Conference on Household Finance 2021

Wednesday 6 October 2021

15:00-15:05

Opening Remarks

Michael Haliassos, Goethe University Frankfurt and CEPR

Session 1

Chair:  Francisco Gomes, London Business School and CEPR

15:05-15:45

Efficiency in Household Decision Making: Evidence from the Retirement Savings of US Couples

Taha Choukhmane, MIT (with Lucas Goodman and Cormac O’Dea)

Discussant: Alberto Rossi, Georgetown University

15:45-16:25

Bank Presence and Health - Presentation Slides

Kim Fe Cramer, Columbia University

Discussant: Emily Breza, Harvard University

Chair: Martin Kanz, World Bank and CEPR

16:25-17:05

Can Partial Commitment Increase Pension Contribution? A Field Experiment in Sri Lanka

Changcheng Song, Singapore Management University

Discussant: Sean Higgins, Northwestern University

17:05-17:45

Ex-Post Loss Sharing in Consumer Financial Markets

Alexandru Barbu, London Business School

Discussant: Abhiroop Mukherjee, Hong Kong University of Science and Technology

CEPR-TFI Online Webinar – Digital Assets
Thursday 7 October 2021

15:00-17:00 CEPR-TFI Online Webinar – Digital Assets organised by Sumit Agarwal (National University of Singapore)

  • Welcome: Michael Haliassos (Goethe University Frankfurt and CEPR) and Stefan van Woelderen (ING)
  • Opening Remarks: Sumit Agarwal (National University of Singapore) Michael Haliassos (Goethe University Frankfurt and CEPR) and Stefan van Woelderen (ING)

Speakers:

  • Bernard Yeung, President of Asian Bureau of Finance and Economic Research - Presentation Slides
  • David Lee, Professor at National University of Singapore and Chairman of the Global Fintech Institute - Presentation Slides
  • Melvyn Low, Head of Global Transaction Banking at Oversea-Chinese Banking Corporation and Distinguished Fellow at the Institute of Banking and Finance
  • Pulak Ghosh, Professor at Indian Institute of Management Bangalore

Panel Discussion

Chair: Sumit Agarwal (National University of Singapore)

CEPR European Conference on Household Finance 2021

Thursday 7 October 2021

Session 2

Chair: Michael Haliassos, Goethe University Frankfurt and CEPR

17:00-17:40

Competition and Selection in Credit Markets - Presentation Slides

Anthony Zhang, University of Chicago (with Constantine Yannelis)

Discussant: Nicola Pavanini, Tilburg University and CEPR

17:40-18:20

The Demand for Long-Term Mortgage Contracts and the Role of Collateral

Lu Liu, Imperial College

Discussant: Matteo Benetton, Universify of California, Berkeley

18:20-19:00

Breaking the Commitment Device: The Effect of Home Equity Withdrawal on Consumption, Saving, and Welfare - Presentation Slides

Patrick Moran, University of Copenhagen (with Agnes Kovacs)

Discussant: Asaf Bernstein, University of Colorado

CEPR European Conference on Household Finance 2021

Friday 8 October 2021

13:30-14:30

Network Steering Committee Meeting

Session 3

Chair: Paolo Sodini, Stockholm School of Economics, SHoF, and CEPR

15:00-15:40

Household Debt and Mental Health - Presentation Slides

Asger Lau Andersen, University of Copenhgaen (with Rajkamal Iyer, Niels Johannesen and Mia Jørgensen and Jose Luis Peydro)

Discussant: Shashwat Alok, Indian School of Business

15:40-16:20

Wealth Inequality: Opportunity or Unfairness?

Yigitcan Karabulut, Frankfurt School and CEPR (with Michael Haliassos and Thomas Jansson)

Discussant: Tianyue Ruan, National University of Singapore

Chair: Sing Tien Foo, NUS

16:20-17:00

A Tale of Two Bailouts: Effects of TARP and PPP on Subprime Consumer Debt

Raluca Roman, Federal Reserve Bank of Philadelphia (with Allen N. Berger and Onesime Epouhe)

Discussant: Jose Ignacio Cuesta, Stanford

17:00-17:40

Insuring Labor Income Shocks: The Role of the Dynasty Presentation Slides

Luigi Pistaferri, Stanford University and CEPR (with Andreas Fagereng, Luigi Guiso and Marius A. K. Ring)

Discussant: Alex Michaelides, Imperial College and CEPR

17:40-18:00

Award of PhD Student Prize, Announcements, and Closing Remarks

Michael Haliassos, Goethe University Frankfurt and CEPR and Sumit Agarwal, National University of Singapore

 

Note: For each 40 min slot, presenters have 20 mins to present their paper. A total of 10 mins are allocated to the discussants and 5-10 mins for general discussion.

 

Programme Committee
Sumit Agarwal (National University of Singapore), Steffen Andersen (Copenhagen Business School and CEPR), Laurent E. Calvet (EDHEC Paris, CFS, and CEPR), Joao Cocco (London Business School, CFS, and CEPR), Russell Cooper (European University Institute), Stephen Dimmock (National University of Singapore), Francisco Gomes (London Business School and CEPR), Luigi Guiso (EIEF and CEPR), Michael Haliassos (Goethe University Frankfurt and CEPR), Tullio Jappelli (University of Naples Federico II, CSEF and CEPR), Matti Keloharju (Aalto University and CEPR), Alex Michaelides (Imperial College and CEPR), Giovanna Nicodano (Università di Torino, ECGI and Netspar), Monica Paiella (University of Naples Parthenope and CEPR), Wenlan Qian (National University of Singapore), Sing Tien Foo (National University of Singapore), Paolo Sodini (Stockholm School of Economics, SHoF, and CEPR), Raman Uppal (EDHEC and CEPR).

Local Organisers
Sumit Agarwal (National University of Singapore), Cristian Badarinza (National University of Singapore and CEPR), Sing Tien Foo (National University of Singapore) and Wenlan Qian (National University of Singapore).

CEPR-TFI Online Webinar: Digital Assets

CEPR-TFI Online Webinar: Digital Assets


Thursday 7 October 2021

6am PDT / 9am EDT / 3pm CEST / 6:30pm IST / 9pm SGT

Organised by Sumit Agarwal (National University of Singapore)

 

CEPR-TFI Online Webinar – Digital Assets

Speakers: 

  • Bernard Yeung, President of Asian Bureau of Finance and Economic Research - Presentation Slides
  • David Lee, Professor at National University of Singapore and Chairman of the Global Fintech Institute - Presentation Slides
  • Melvyn Low, Head of Global Transaction Banking at Oversea-Chinese Banking Corporation and Distinguished Fellow at the Institute of Banking and Finance 
  • Pulak Ghosh, Professor at Indian Institute of Management Bangalore

 

  • Panel Discussion

Chair: Sumit Agarwal (National University of Singapore)

CEPR Household Finance Network: https://cepr.org/content/cepr-network-household-finance

Think Forward Initiative: https://www.thinkforwardinitiative.com/