Conference Overview
The goal of this one-day workshop is to promote a better understanding of how individuals and households make financial decisions and the consequences of these decisions upon their balance sheets. The participants include academicians and practitioners with special expertise in this area. The majority of the papers will include empirical work. The format of the conference will involve the presentation of four or five papers with one or two discussants for each paper. Attendance is by invitation only.
8:30 - 9:00 Continental Breakfast
9:00 - 10:15 The Flypaper Effect in Individual Investor Asset Allocation
James J. Choi, Yale University (presenter)
David Laibson, Harvard University
Brigitte C. Madrian, Harvard University
Discussants: Scott Weisbenner, University of Illinois
Eric Gold, Fidelity Investments
10:30 - 11:45 Investment Taxation and Portfolio Performance
Daniel Bergstresser, Harvard University (presenter)
Jeffrey Pontiff, Boston College
Discussants: Clemens Sialm, University of Texas at Austin
Joel Dickson, The Vanguard Group
11:45 - 1:45 Lunch and Panel Discussion
The Estate Tax
Moderator: Robert Inman, The Wharton School
Panelists: David Joulfaian, US Department of the Treasury
Jason Furman, The Brookings Institution
David Kemps, Lincoln Financial Group
Rebecca Rosenberger Smolen, Wolf, Block, Schorr and Solis-Cohen LLP
1:45 - 3:00 Depression Babies: Do Macroeconomic Experiences Affect Risk-Taking?
Ulrike Malmendier, UC Berkeley (presenter)
Stefan Nagel, Stanford University
Discussants: Stephen P. Zeldes, Columbia University
John Sabelhaus, Investment Company Institute and University of Maryland
3:00 - 4:30 Fight or Flight? Portfolio Rebalancing by Individual Investors
Laurent E. Calvet, Imperial College London
John Y. Campbell, Harvard University
Paolo Sodini, Stockholm School of Economics (presenter)
Discussants: Juhani Linnainmaa, University of Chicago
George M Korniotis, Board of Governors of the Federal Reserve System
Organizing Committee
The organizing committee consists of Nicholas Souleles from the Finance Department of the Wharton School.
Conference Location
The Wharton School, University of Pennsylvania, Philadelphia,
Pennsylvania
- Conference Administrator
Elaine M. Thomas
- Associate Director
Rodney L. White Center for Financial Research
The Wharton School, University of Pennsylvania
3254 Steinberg Hall-Dietrich Hall
Philadelphia, PA 19104-6367
rlwctr@finance.wharton.upenn.edu
(215) 898-7616
(215) 573-8084 (Fax)
