2019-11-18T10:28:58+00:00

2nd CEAR-RSI Household Finance Workshop

November 15 and 16, 2019

Le Saint-Sulpice Hôtel Montréal

414 rue Saint-Sulpice, Montréal, Québec H2Y 2V5

Final Program
Registration

About the event

This workshop will bring together researchers interested in household financial decision-making. Theoretical and empirical papers are welcome. We expect researchers from a variety of disciplines will find this workshop of interest, including economics, finance, risk management, insurance, and psychology. This workshop is held jointly by the Retirement and Savings Institute (RSI) at HEC Montréal and the Center for the Economic Analysis of Risk (CEAR) at Georgia State University. This is the 2nd workshop in this series. Subjects of particular interest include:

  • Pensions and retirement
  • Financial literacy
  • Consumption-saving decisions
  • Financial planning and advice
  • Financial delinquency and bankruptcy
  • Household insurance and risk management

We typically allocate one hour for each paper (40 minute presentation, 10 minutes for an assigned discussant, and a 10 minute general discussion) to provide participants with the opportunity for an in-depth presentation of their work. All sessions will be plenary.

Keynote address

The keynote address will be given by Olivia S. Mitchell, from the Wharton School of the University of Pennsylvania.

From the website of the Wharton School of the University of Pennsylvania:

Dr. Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor, as well as Professor of Insurance/Risk Management and Business Economics/Policy; Executive Director of the Pension Research Council; and Director of the Boettner Center on Pensions and Retirement Research; all at the Wharton School of the University of Pennsylvania which she joined in 1993. Concurrently Dr. Mitchell serves as a Research Associate at the NBER; Independent Director on the Wells Fargo Fund Boards; Co-Investigator for the Health and Retirement Study at the University of Michigan; Member of the Executive Board for the Michigan Retirement Research Center; and Senior Scholar at the Singapore Management University. She also advises the Centre for Pensions and Superannuation UNSW and is Faculty Affiliate of the Wharton Public Policy Initiative. She received the MA and PhD degrees in Economics from the University of Wisconsin-Madison, and the BA in Economics from Harvard University. She is currently a Senior Editor of the Journal of Pension Economics and Finance.

Papers

Do Prize-Linked Incentives Promote Positive Financial Behavior? Evidence from a Debt Reduction intervention
Jeremy Burke

Job Loss Expectations, Durable Consumption and Household Finances: Evidence from Linked Survey Data
Nathanael Vellekoop

The Causal Mechanism of Financial Education: Evidence from Mediation Analysis
Bilal Zia

Financial Sophistication and Conflicts of Interest: Evidence from the Investment Menus Offered in 401(k) Plans (forthcoming)
Aleksandar Andonov, Mike Qinghao Mao

Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations
Mathias Kronlund, Veronika K. Pool, Clemens Sialm, Irina Stefanescu

White-labels, brands and trust: How mutual fund labels affect retirement portfolios
Julie Agnew, Angela Hung, Nicole Votolato Montgomery, Susan Thorp

Making Your Money Last a Lifetime
Olivia S. Mitchell
Papers:
Putting the Pension Back in 401(k) Retirement Plans: Optimal versus Default Deferred Longevity Income Annuities
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell
Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, and Tatjana Schimetschek

Default Options and Retirement Saving Dynamics
Taha Choukhmane

Labor Market Risk and the Private Value of Social Security
Sylvain Catherine

Consumption Quality: A New Perspective on the Welfare Implications of Business Cycle Fluctuations
Casper Nordal Jørgensen, Leslie Sheng Shen

Learning to value annuities: The role of information and engagement
Hazel Bateman, Jennifer Alonso Garcia, Eduard Ponds, Ralph Stevens

Can Risk be Shared Across Investor Cohorts? Evidence from a Popular Savings Product
Johan Hombert, Victor Lyonnet

Organizer

Professor Philippe d’Astous (HEC Montréal) is the primary local organizer of this workshop. Should you have questions, please contact him at philippe.dastous@hec.ca about the substance of the workshop, and contact Lee Boyle at lee.boyle@hec.ca with questions about participation and logistics.

Funding

We expect to cover Economy airfares and hotel for speakers, but may need to cap funding at a certain amount depending on costs. We will let accepted speakers know if we have to cap funding soon after submissions close.

Sponsors

Paper Submission

If you are interested in presenting a paper, please submit either the full paper (preferred), or an extended abstract that addresses objectives, methods, results and conclusions using the form below. Note only PDF documents will be accepted, and need to be blinded.

  • Call for papers is now closed.
Call for papers
CEAR EVENT WEB SITE