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
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: Chris Palmer (Berkeley Haas)
Discussant: Neale Mahoney (Chicago Booth)
12:30     Lunch
1:50 Job Market Session   Presentations by current job market candidates (Talks 20 mins, 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)