2024 Cherry Blossom Financial Education Institute
Event Details:
Location
Stanford, CA
United States
Award Winners Photo Gallery Program
The 9th Cherry Blossom Financial Education Institute was held on April 25 – 26, 2024. Researchers from around the globe presented their work at the Stanford Graduate School of Business in Stanford, CA.
We thank the Initiative for Financial Decision-Making at Stanford University for their support of the event and the National Endowment for Financial Education (NEFE) for their support as well as for sponsoring the Financial Literacy Research Award and the Rising Financial Literacy Scholar Award.
Awards
Congratulations to the award winners of the 9th Cherry Blossom Financial Education Institute!
Adam Leive, from the University of California, Berkeley, won the Financial Literacy Research Award for his paper on 'Links Between Puzzles in Household Finance: Evidence from Employee Benefit Choices,' which is joint work with Leora Friedberg from University of Virginia, and Brent Davis, PhD from TIAA Institute.
Alessia Sconti, from Università Bocconi University, won the Financial Literacy Research Award for the paper on 'Evaluating a Financial Education National Campaign: Experimental Evidence from Italy,' which was a collaborative effort with Tim Kaiser, Bilal Zia, and Annamaria Lusardi.
Joseph Hall, from Stanford University Graduate School of Business Graduate School of Business and Stanford Institute for Economic Policy Research (SIEPR), received the Rising Financial Literacy Scholar Award for the paper 'Financial Technology, Cost, and Competition: The Case of Credit Cards.'
Min Kim, from University of Pennsylvania, received the Rising Financial Literacy Scholar Award for her paper 'Financial Literacy, Portfolio Choice, and Wealth Inequality: A General Equilibrium Approach.'
Photo Gallery
Program
Schedule
Thursday, April 25, 2024
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Welcome Remarks and Presentation of the Initiative for Financial Decision-Making
Speakers
- Beth Bean, National Endowment for Financial Education (NEFE)
- Annamaria Lusardi, Stanford University, Initiative for Financial Decision-Making and Global Financial Literacy Excellence Center (GFLEC)
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Fireside Chat about Teaching Personal Finance
Session Chair: Peter DeMarzo, Stanford Graduate School of Business
Panelists
- Michael Boskin, Stanford University, Dept. of Economics and Hoover Institution
- John Shoven, Stanford University, Dept. of Economics and Stanford Institute for Economic Policy Research (SIEPR)
- Annamaria Lusardi, Stanford University, Initiative for Financial Decision-Making and Global Financial Literacy Excellence Center (GFLEC)
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Break
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Session 1
Session Chair: Terrance Odean, Haas School of Business, UC Berkeley
Presentations
- Links Between Puzzles in Household Finance: Evidence from Employee Benefit Choices by Adam Leive, University of California, Berkeley
- Financial Awareness and Its Role in Financial Behavior by Ning Tang, San Diego State University
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Lunch
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Session 2
Session Chair: Christyna Serrano, Stanford Graduate School of Business
Presentations
- Scaling Financial Education Among Micro-Entrepreneurs: A Randomized Saturation Experiment by Tim Kaiser, University of Kaiserslautern-Landau
- Evaluating a Financial Education National Campaign: Experimental Evidence from Italy by Alessia Sconti, Bocconi University
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Session 3
Session Chair: Robert Ganem, FINRA Investor Education Foundation
Presentations
- The Effect of Financial Education on College Education Savings Behavior in the U.S. by Thomas Korankye, University of Arizona
- Mortgage Brokers and Borrower Confusion by Susan Thorp, The University of Sydney Business School
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Break
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Session 4: Rising Scholars in Financial Literacy and Financial Education
Session Chair: Angela Hung, EarnIn
Presentations
- Financial Technology, Cost, and Competition: The Case of Credit Cards by Joseph Hall, Stanford Graduate School of Business and Stanford Institute for Economic Policy Research (SIEPR)
- The Tech Aficionado: Help or Harm? – A Matter of Financial Literacy by Judith Bohnenkamp, University of Miami
- Financial Literacy, Portfolio Choice, and Wealth Inequality: A General Equilibrium Approach by Min Kim, University of Pennsylvania
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End of Day 1 Remarks
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Reception and Dinner
Friday, April 26, 2024
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Breakfast
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Welcome Remarks
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Special Address
Session Chair: Guglielmo Briscese, University of Chicago
Speaker
- Dimitris Georgarakos, Lead Economist – Monetary Policy Research Division, Directorate General Research, European Central Bank
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Session 5
Session Chair: Jialu Streeter, Stanford Institute for Economic Policy Research (SIEPR)
Presentations
- Do Parents Save More for a Daughter or a Son? Evidence on Gender Favoritism from a Child Savings Program by Maya Haran Rosen, University of Pennsylvania
- Early Roots of Inequality: Evidence of a Gender Income Gap Among Children by Dennis Philip, Durham University
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Break & Poster Discussion
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Session 6
Session Chair: Gopi Shah Goda, Stanford Institute for Economic Policy Research (SIEPR)
Presentations
- Financial Literacy and Resilience When Survey Respondents Prefer Guessing to Admitting Ignorance by Anna Lo Prete, University of Torino
- Gender Gaps in Financial Literacy: A Multi-Arm RCT to Break the Response Bias in Surveys by Margarita Machelett, Bank of Spain
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Lunch
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Session 7: Rising Scholars in Financial Literacy and Financial Education
Session Chair: Anita Mukherjee, University of Wisconsin-Madison
Presentations
- Beyond Knowledge: Confidence and the Gender Gap in Financial Literacy by Marius Cziriak, University of Mannheim
- That’s What She Said: An Empirical Investigation on the Gender Gap in Inflation Expectations by Lovisa Reiche, University of Oxford
- Investment Illiteracy and Behavioral Biases in Trading by Li Liang, George Washington University
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Break & Poster Discussion
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Session 8
Session Chair: Daniela Balutel, York University and Bank of Canada
Presentations
- Return Heterogeneity in Retirement Accounts by Riccardo Sabbatucci, University of Pennsylvania
- Sustainable Investing by Tobias Wekhof, ETH Zurich and Stanford University
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Session 9: Discussion on Financial Education and its Effectiveness
Session Chair: Angela Amarillas, Stanford University
Panelists
- J. Michael Dedmon, National Endowment for Financial Education (NEFE)
- Justin M. Erwin, United States Military Academy
- Diego Mendez-Carbajo, Federal Reserve Bank of St. Louis
- Michael Staten, University of Arizona
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Financial Literacy Research Award Ceremony and Closing Remarks
Presenters
- J. Michael Dedmon, National Endowment for Financial Education (NEFE)
- Annamaria Lusardi, Stanford University, Initiative for Financial Decision-Making and Global Financial Literacy Excellence Center (GFLEC)
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