UC Davis GSM Household Finance Conference 2012
The third annual conference hosted by the School’s finance group focused on household finance. Organized by Professor Victor Stango, the invitation-only forum brought together top researchers to present their latest insights on consumer finances in the wake of the global financial crisis and recession. Speakers from the University of Chicago, Harvard Business School, the University of Wisconsin and the Federal Reserve Bank shared research ranging from the impact of employees choosing the default percentage on retirement fund contributions to the rising consumption among increasingly richer households inducing the non-rich to consume more. Other topics included the causes of the foreclosure crisis (borrowers and investors made decisions that were rational and logical based on overly optimistic beliefs about house prices) and the causes and consequences of home equity extraction during the recent housing boom and bust.
Recent Conference Schedule, 3102 Gallagher Hall
THURSDAY, OCTOBER 18, 2012
6:30 PM-8:30 PM Informal gathering at Bistro 33 for drinks & conversation
FRIDAY, OCTOBER 19, 2012
8:00 AM-8:30 AM Continental Breakfast (Downstairs Atrium, Gallagher Hall)
8:30 AM – 9:30 AM
James Choi, Yale University
Default
Stickiness Among Low-Income Individuals
Discussant: Stephan Meier, Columbia
9:30am-10:30 AM
Adair Morse, University of Chicago (Booth)
Trickle-Down Consumption
Discussant: Chris Carroll, Johns Hopkins University
Break: Atrium outside board room (coffee)
10:50am-11:50 AM
Shawn Cole, Harvard Business School
How Does Risk Management Affect Production Decisions? Evidence
from a Field Experiment
Discussant: Jon Robinson, UC Santa Cruz
Luncheon: Ballroom, Davis Hyatt
1:10pm-2:10 PM
Justin Sydnor, University of Wisconsin
Biting Off More than They Can Chew? Debt-Delinquency Patterns
for New Homeowners
Discussant: Charlie Sprenger, Stanford University
2:10pm – 3:10 PM
Ben Keys, University of Chicago (Harris)
Interest
Rates, Equity Extraction and the Housing Room
Discussant: Jeremy Tobacman, University of Pennsylvania
Break: Atrium outside board room (coffee)
3:30pm – 4:30 PM
Paul Willen, Federal Reserve Bank of
Boston
Why
Did So Many People Make So Many Ex Post Bad Decisions? The Causes
of the Foreclosure Crisis
Discussant: Victor Stango, UC Davis GSM
