Conference on Household Heterogeneity and Household Finance

September 9, 2010

Housing

Who Invests in Home Equity to Exempt Wealth from Bankruptcy?
Stefano Corradin, Reint Gropp, Harry Huizinga, Luc Laeven
paper

Discussant: Robert Bliss

Mortgage Modification and Strategic Default: Evidence from a Legal Settlement with Countrywide
Christopher Mayer, Edward Morrison, Tomasz Piskorski, Arpit Gupta
paper

Discussant: Kristopher Gerardi

Keynote
Randall Olsen

Equity in the Households


Stock Market Expectations of Dutch Households
Michael Hurd, Maarten van Rooij, Joachim Winter
paper

Discussant: Jirka Slacalek

A Dynamic Model of Housing Demand: Estimation and Policy Implications
Patrick Bajari , Phoebe Chan, Dirk Krueger, Daniel Miller
paper

Discussant: Julia Le Blanc

Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets
Motohiro Yogo
paper

Discussant: Michael Ziegelmeyer

Panel Discussion
Challenges when Measuring Household Finance
Michael Ehrmann, Juergen Schupp, Frank Stafford, Arthur Kennickell

September 10, 2010

The Crisis


Household Debt and Savings during the 2007 Recession
Rajashri Chakrabarti, Donghoon Lee, Wilbert van der Klaauw, Basit Zafar
paper

Discussant: Ben Craig

Business Cycles and Inequality: The Changing Exposure of High-Income Households to Aggregate Fluctuations
Annette Vissing-Jorgensen, Jonathan Parker
paper

Discussant: Takashi Yamashita

From the Standpoint of the FIs

Competition and Adverse Selection in a Consumer Loan Market: The Curious Case of Overdraft vs. Payday Credit
Brian T. Melzer, Donald P. Morgan
paper

Discussant: Steve Cauley

Seasonal Asset Allocation: Evidence from Mutual Fund Flows
Mark J. Kamstra, Lisa A. Kramer, Maurice D. Levi, Russ Wermers
paper

Discussant: Ellis Tallman

Presentation of two new micro data sets on household finance
Wilbert van der Klaauw, Ulf von Kalckreuth

Is Proprietary Trading Detrimental to Retail Investors?
Falko Fecht, Andreas Hackethal, Yigitcan Karabulut
paper

Discussant: Leonardo Madureira


Household Characteristics

Who Lost the Most? Financial Literacy, Cognitive Abilities, and the Financial Crisis
Tabea Bucher-Koenen, Michael Ziegelmeyer
paper

Discussant: Lisa Kramer

Learning in the Credit Card Market
Sumit Agarwal, John C. Driscoll, Xavier Gabaix, David Laibson
paper

Discussant: Kartik Athreya