Agenda, research papers, and videos

The two-day conference consisted of five panels of researchers presenting their work in various areas of consumer finance, with members of the CFPB’s Office of Research serving as discussants.

Thursday, May 7, 2015

Poster session and welcome
Chris Carroll, Chief Economist and Assistant Director for Research at the Consumer Financial Protection Bureau

Moderator: Charles Romero (CFPB)
Discussant: Jonathan Lanning

Watch video of the panel 1 session

Mortgage Rates, Household Balance Sheets, and the Real Economy
Presenter/author: Ben Keys
Co-authors: Tomasz Piskorski (Columbia University), Amit Seru (University of Chicago), Vincent Yao (Fannie Mae)
Read paper | View presentation slides

Household Credit and Employment in the Great Recession
Presenter/author: John Mondragon
Read paper | View presentation slides

Financial Security and Financial Shocks
Presenter/author: Clinton Key
View presentation slides

Poster session and break

Moderator: Melissa Knoll (CFPB)
Discussant: Dustin Beckett

Watch video of the panel 2 session

Learning Millennial-Style
Presenter/author: Ben Carlin
Co-authors: Li Jiang (University of California, Los Angeles), Stephen Spiller (University of California, Los Angeles)
Read paper | View presentation slides

Simulated Experience and Investment Endurance
Presenter/author: Stefan Zeisberger
Co-authors: Meike Bradbury (University of Zurich), Thorsten Hens (University of Zurich)
View presentation slides

Stock Ownership and Learning from Financial Information
Presenter/author: Camelia Kuhnen
Co-authors: Sarah Rudorf (University of Bonn), Bernd Weber (University of Bonn)
Read paper | View presentation slides

Small Victories: Creating Intrinsic Motivation in Task Completion and Debt Repayment
Presenter/author: Alexander Brown
Read paper | View presentation slides

Friday, May 8, 2015

Moderator: Lori Parcel (CFPB)
Discussant: Ling Ling Ang

Watch video of the panel 3 session

Natural Born Delinquents: Evidence from the Universe of Loans in Denmark
Presenter/author: Soren Leth-Petersen
Co-authors: Tomasz Piskorski (Columbia University), Amit Seru (University of Chicago), Vincent Yao (Fannie Mae)
View presentation slides

Sound credit scores and financial decisions despite cognitive aging
Presenter/author: Ye Li
Co-authors: Jie Gao (Columbia University), A. Zeynep Enkavi (Columbia University), Lisa Zaval (Columbia University), Elke Weber (Columbia University), Eric Johnson (Columbia University)
Read paper View presentation slides

An Extrapolative Model of House Price Dynamics
Presenter/author: Charles Nathanson
Co-authors: Edward Glaeser (Harvard University)
Read paper | View presentation slides

To Know and To Care: How Awareness and Valuation of the Future Jointly Shape Consumer Savings
Presenter/author: Dan Bartels
Co-author: Oleg Urminsky (University of Chicago)
Read paper | View presentation slides

30 minute break.

Moderator: Erik Durbin (CFPB)
Discussant: Eva Nagypal

Watch video of the panel 4 session

The Elasticity of Demand for Alternative Financial Services: Evidence from Check-Cashing Price Changes in the South Bronx
Presenter/author: Ryan McDevitt
Co-authors: Aaron Sojourner (University of Minnesota)
View presentation slides

Systematic Mistakes of Borrowers in the Mortgage Markets
Presenter/author: Vincent Yao
Co-authors: Sumit Agarwal (National University of Singapore), Itzhak Ben-David (Ohio State)
View presentation slides

Unshrouding Effects on Demand for a Costly Add-on: Evidence from Bank Overdrafts in Turkey
Presenter/author: Jonathan Zinman
Co-authors: Sule Alan (University of Essex), Mehmet Cemalcilar (Yapi Kredi Bank), Dean Karlan (Yale University)
Read paper | View presentation slides

Long Term Care Insurance, Annuities, and the Under-Insurance Puzzle
Presenter/author: Andrew Caplin
Co-authors: John Ameriks (Vanguard), Joseph Briggs (New York University, Matthew D. Shapiro (University of Michigan), Christopher Tonetti (Stanford University)
Read paper | View presentation slides

John Campbell (Harvard University)

Poster session and break

Moderator: Darryl Getter (Congressional Research Service)
Discussant: Jialan Wang

Watch video of the panel 5 session

The Impact of Access to Payday Loans on UK Consumer Borrowing Behavior and Credit Outcomes
Presenter/author: Stefan Hunt
Co-authors: John Gathergood (University of Nottingham), Ben Guttman-Kenney (UK Financial Conduct Authority) 

Changes in Buyer Composition and the Expansion of Credit During the Boom
Presenter/author: Felipe Severino
Co-authors: Manuel Adelino (Duke University), Antoinette Schoar (Massachusetts Institute of Technology)
View presentation slides

Why did so many Subprime Borrowers Default during the Crisis: Loose Credit or Plummeting Prices
Presenter/author: Christopher Palmer
Read paper | View presentation slides

Credit-Induced Boom and Bust
Presenter/author: Marco Di Maggio
Co-author: Amir Kermani (University of California, Berkeley)
Read paper | View presentation slides