2023 Cherry Blossom Financial Education Institute

Program

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DAY 1 | APRIL 20, 2023 

Welcome Remarks 

Billy J. Hensley, National Endowment for Financial Education (NEFE) 
Beth Bean, National Endowment for Financial Education (NEFE) 
Annamaria Lusardi, Global Financial Literacy Excellence Center (GFLEC) and GWU

Keynote Address 

Session Chair: Alessia Sconti, Global Financial Literacy Excellence Center (GFLEC) 
Speaker: Alberto Rossi, Georgetown University: “Algorithmic Aversion and Robo-Advisors” 

Session 1 

Session Chair: Joshua Caraballo, National Endowment for Financial Education (NEFE) 

Tabea Bucher-Koenen, University of Mannheim: “Disparities in Financial Literacy, Pension Planning, and Saving Behavior” 
Paolina C. Medina, Texas A&M University: “Do Savings Nudges Cause Borrowing? Evidence from a Mega Study”

Session 2 

Session Chair: Brian Mulford, U.S. Securities and Exchange Commission

Giovanni Gallo, University of Modena and Reggio Emilia: “How Much Financial Literacy Matters? A Simulation of Potential Influences on Inequality Levels” 
Irina Gemmo, University of Montréal: “The Value of Financial Knowledge” 
K. Jeremy Ko, NORC at the University of Chicago: “Leveraging Overconfidence”

Day 2 | APRIL 21, 2023

Welcome Remarks 

Special Address

Session Chair: Louisa Quittman, Office of the Comptroller of the Currency 
Speaker: Carly Urban, Montana State University: “Understanding Policy with Data: High School Personal Finance Courses”

Session 3

Session Chair: Meina Banh, Consumer Financial Protection Bureau 

Jeremy Burke, University of Southern California: “Does State-mandated Financial Education Affect Financial Well-being?” 
Luis Oberrauch, University of Kaiserslautern-Landau: “Patience Malleable via Educational Intervention? Evidence from Field Experiments”

Session 4 

Session Chair: Gary Mottola, FINRA Investor Education Foundation 

Christina Zhu, University of Pennsylvania: “Household Investment in 529 College Savings Plans and Information Processing Frictions" 
Daniel Grodzicki, Office of the Comptroller of the Currency: “When Nudges Spill Over: Student Loan Use under the CARD Act”

Session 5: Rising Scholars in Financial Literacy and Financial Education 

Session Chair: Jason S. Seligman, Investment Company Institute 

Jasmira T.E. Wiersma, University of Groningen: “Financial Literacy and Economic Behavior in Curaçao” 
Jiusi Xiao, Claremont Graduate University: “Are Retirement Planning Tools Substitutes or Complements to Financial Capability?” 
Sebastian Gomez-Cardona, University of British Columbia: “Fertility, Financial Literacy, and Household Portfolios”

Session 6 

Session Chair: Andrea Hasler, Global Financial Literacy Excellence Center (GFLEC) 

Giovanni Gallipoli, University of British Columbia: “The Production of Financial Literacy” 
Luis Oberrauch, University of Kaiserslautern-Landau: “Measuring Financial Literacy with the Big Three” 
Luisa Blanco, Pepperdine School of Public Policy: “The Impact of a Mobile Phone-Delivered Digital Financial Education Program on Financial Behavior among Hispanics” 

Financial Literacy Research Award Ceremony 

Beth Bean, National Endowment for Financial Education (NEFE) 
Annamaria Lusardi, Global Financial Literacy Excellence Center (GFLEC) and GWU