Conference on Household Finance

February 24, 2017
NYU Stern School of Business
44 W 4th Street
New York, New York

Organizer:  Johannes Stroebel
8:00   Registration and Continental Breakfast
8:50   Welcome Remarks
9:00 Presentation 1 The Marginal Propensity to Consume Out of Credit: Evidence from Random Assignment of 54,522 Credit Lines
Presenter: Deniz Aydin (Washington University Olin)
Discussant: Jialan Wang (UIUC)
9:45 Presentation 2 Loan Contracting in the Presence of Usury Limits: Evidence from Automobile Lending
Presenter: Brian Melzer (Northwestern Kellogg)
Discussant: Andres Liberman (NYU Stern)
10:30   Refreshment Break
11:00 Presentation 3 Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports
Presenter: Will Dobbie (Princeton University)
Discussant: Kyle Herkenhoff (University of Minnesota)
11:45 Presentation 4 Credit Constraints and Search Frictions in Consumer Credit Markets
Presenter: Christopher Palmer (Berkeley Haas)
Discussant: Neale Mahoney (Chicago Booth)
12:30   Lunch
1:50 Job Market Session Presentations by current job market candidates (Talks 20mins, 5 min Q&A)
The Effect of Debt on Default and Consumption: Evidence from Housing Policy in the Great Recession
Presenter: Pascal Noel (Harvard University)
Selective Attention in Consumer Finance: Evidence from a Randomized Intervention in the Credit Card Market
Presenter: Paolina Medina (Northwestern Kellogg)
Idiosyncratic Risk in Housing Markets
Presenter: Marco Giacoletti (Stanford University)
Why Do Federal Loans Crowd Out the Private Market? Evidence from Graduate PLUS Loans
Presenter: Monica Bhole (Stanford University)
3:30   Refreshment Break
4:00 Presentation 5 Minimum Payments and Debt Paydown in Consumer Credit Cards
Presenter: Benjamin Keys (Wharton)
Discussant: Sumit Agarwal (Georgetown University)
4:45 Presentation 6 Stock Market Returns and Consumption
Presenters: Amir Kermani and Marco DiMaggio (Berkeley Haas and Harvard Business School)
Discussant: Michaela Pagel (Columbia Business School)
Attendance is free of charge but places are strictly limited and so registration is required.
To register, please send an email to before February 16, 2017