1 

Agenda

Breakfast and Registration (8:00am-9:00am) 

Welcoming Remarks: Chairman Martin Gruenberg (9:00am-9:20am)

Panel 1: Racial Disparities in Building and Accessing Wealth (9:20am-10:25am) 

Who Benefits from Retirement Saving Incentives in the U.S.? Evidence on Racial Gaps in 

Retirement Wealth Accumulation

Presentation

Lawrence D.W. Schmidt and Taha Choukhmane, MIT Sloan School of Management

Jorge Colmenares, Harvard University

Cormac O’Dea, Yale University

Jonathan Rothbaum, U.S. Census Bureau

Can Everyone Tap into the Housing Piggy Bank? Racial Disparities in Access to Home 

Equity

Presentation 

James N. Conklin, University of Georgia

Kristopher Gerardi, Federal Reserve Bank of Atlanta

Lauren Lambie-Hanson, Federal Reserve Bank of Philadelphia

Discussant: Jacob Krimmel, Federal Reserve Board - Presentation

Moderator: Ryan Goodstein, FDIC

Break (10:25am-10:45am)

Panel 2: Supply of Mortgage Credit (10:45am-11:50am)

Price Discrimination and Mortgage Choice

Presentation

May Rostom, Bank of England and Centre for Macroeconomics

Jamie Coen, Bank of England and Imperial College London

Anil Kashyap, University of Chicago, NBER, and Centre for Economic Policy Research

Language Frictions in Consumer Credit

Presentation

Chao Liu, Kellogg School of Management, Northwestern University

Discussant: Neil Bhutta, Federal Reserve Bank of Philadelphia - Presentation
Moderator: Garret Christensen, FDIC

Lunch and Poster Session (11:50am-1:00pm)

The Gender Gap in Stock Market Participation: Evidence from Stock Gifting

 Jennifer Itzkowitz and Andrew Schwartz, Seton Hall University

 Jesse Itzkowitz, Ipsos Behavioral Science Center

Racial Disparities in Home Selling

Leonel Diego Drukker, UC Berkeley Haas School of Business

Lei Ma, Boston University 

Consumer Credit Without Collateral, Regulation, or Intermediaries

Anthony Waikel and Filipe Correia, University of Georgia

Restoring Rational Choice in Repayments: Disclosures or Advice?

Guangli Zhang, Saint Louis University 

Hakan Özyılmaz, Toulouse School of Economics 

Who Bears Climate-Related Physical Risk?

Natee Amornsiripanitch and David Wylie, Federal Reserve Bank of Philadelphia

John Heilbron and Kevin Zhao, Office of Financial Research

Old Program, New Banks: Online Banks in Small Business Lending

Elizabeth Bickmore, Yessenia Tellez, and Andrew MacKinlay, Pamplin College of Business, 

Virginia Tech

Distinguished Guest Lecture (1:00pm-1:50pm) 

The Importance of Financial Literacy 

Presentation and TIAA Institute-GFLEC Personal Finance Index

Annamaria Lusardi, Stanford University

Break (1:50pm-2:05pm)

Panel 3: Health Shocks and Financial Outcomes (2:05pm-3:10pm) 

Extreme Wildfires, Distant Air Pollution, and Household Financial Health

Presentation

Nitzan Tzur-Ilan, Federal Reserve Bank of Dallas

Xudong An, Federal Bank of Philadelphia

Stuart A. Gabriel, UCLA Anderson School of Management

The Opioid Epidemic and Consumer Credit Supply: Evidence from Credit Cards

Presentation

Raluca Roman and Wenli Li, Federal Reserve Bank of Philadelphia

Sumit Agarwal, National University of Singapore
Nonna Sorokina, The Pennsylvania State University

Discussant: Alejandro Del Valle, Georgia State University - Presentation

Moderator: Connor Redpath, FDIC

Break (3:10pm-3:30pm)

Panel 4: Credit, Wealth, and Consumption (3:30pm-4:35pm) 

The Effects of Cryptocurrency Wealth on Household Consumption and Investment

Presentation

Mark J. Johnson, Darren Aiello, and Jason Kotter, Brigham Young University 

Scott Baker, Northwestern University Kellogg School of Management and NBER

Tetyana Balyuk, Emory University Goizueta Business School

Marco Di Maggio, Harvard Business School and NBER

Learning in the Limit: Income Inference from Credit Extensions

Presentation

Xiao Yin, University College London

Discussant: Scott Schuh, West Virginia University – Presentation

Moderator: Jeffrey Weinstein, FDIC

Reception (4:35pm-5:30pm)

End of Day