2016 Workshop

May 19-21, 2016

Jon M. Huntsman School of Business, Utah State University; Logan, Utah.

The annual QSPS Summer Workshop takes place in a selective setting in which 10 to 12 participants each have one hour to present and discuss research. This format and selective setting facilitates in-depth peer feedback, while interacting extensively with other workshop participants and guests.

KEYNOTE SPEAKERS:

Dirk Krueger is a Professor of Economics at the University of Pennsylvania. He currently serves as a Co-Editor of the Journal of the European Economic Association, and he is a Research Associate of the National Bureau of Economic Research, a Research Associate at the Centre for Economic Policy Research, a Research Fellow at the Center for Financial Studies, and a Research Fellow of Netspar. His research focuses on the topics of consumption and saving over the life cycle, inequality, taxation, education, social insurance, housing, to name just a few. Dirk has published his research in peer-reviewed journals such as the American Economic Review, Review of Economic Studies, Review of Economics and Statistics, Journal of Monetary Economics, International Economic Review, Journal of Economic Theory, Journal of the European Economic Association, Review of Economic Dynamics, and the Journal of Economic Dynamics and Control, among many other outlets.

Luigi Pistaferri is a Professor of Economics at Stanford University, and he currently serves as a Co-Editor of the American Economic Review. He also serves as a Research Associate of the National Bureau of Economic Research, a Research Affiliate at the Centre for Economic Policy Research, a Research Fellow of the Institute for the Study of Labor (IZA), and as a Senior Fellow of the Stanford Institute for Economic Policy Research. Luigi studies consumption inequality and mobility, saving, decision making over the life cycle, labor supply, wage and employment risk, among many other topics. He has published his research in peer-reviewed outlets such as the American Economic Review, Econometrica, Quarterly Journal of Economics, Journal of Political Economy, Review of Economic Studies, Economic Journal, American Economic Journal: Macroeconomics, Journal of Public Economics, Review of Economics and Statistics, Journal of the European Economic Association, Review of Economic Dynamics, Journal of Business and Economic Statistics, and the European Economic Review, among many others.

PROGRAM:

Thursday May 19

4:00pm - 4:30pm Check-In at the Douglas D. Anderson Executive Boardroom, Huntsman Hall, Utah State University

4:30pm - 5:30pm The Liquid Hand-to-Mouth: Evidence from Personal Finance Management Software

Michaela Pagel, Columbia Business School

Coauthor: Arna Vardardottir, Copenhagen Business School

Download: Manuscript or Slides

5:45pm - 6:45pm Wealth, Portfolio Allocation, and Risk Preference

Joseph Briggs, New York University

Coauthor: David Cesarini, New York University

Coauthor: Erik Lindqvist, Stockholm School of Economics

Coauthor: Robert Ostling, IIES

Download: Manuscript or Slides

7:00pm - 9:00pm Complimentary Opening Dinner at Elements Restaurant.

Friday May 20

7:30am - 8:30am Complimentary Breakfast

8:30am - 9:30am Retirement Financing: An Optimal Reform Approach

Roozbeh Hosseini, University of Georgia

Coauthor: Ali Shourideh, Wharton School of Business

Download: Manuscript or Slides

9:45am - 10:45am Keynote Presentation: Heterogeneity and Persistence in Returns to Wealth

Luigi Pistaferri, Stanford University

Download: Manuscript or Slides

11:00am - 12:00pm Reducing Medical Spending of the Publicly Insured: The Case for Cash-Out Option

Svetlana Pashchenko, University of Georgia

Coauthor: Ponpoje Porapakkarm, National Graduate Institute for Policy Studies (GRIPS)

Download: Manuscript or Slides

12:00pm - 1:00pm Complimentary Lunch

1:00pm - 2:00pm Home Production as a Substitute to Market Consumption? Estimating the Elasticity using Houseprice Shocks

Jim Been, Leiden University

Coauthor: Susann Rohwedder, RAND Corporation

Coauthor: Michael Hurd, RAND Corporation

Download: Manuscript or Slides

2:15pm - 3:15pm Optimal Public Debt with Life Cycle Motives

William Peterman, Federal Reserve Board of Governors

Coauthor: Erick Sager, Bureau of Labor Statistics

Download: Manuscript or Slides

3:15pm - 6:00pm Free time (hiking and sightseeing)

6:00pm - 9:00pm Complimentary Dinner & Campfire in Logan Canyon (Spring Hollow Campground; Group B Site)

Saturday May 21

7:30am - 8:30am Complimentary Breakfast

8:30am - 9:30am The Welfare Cost of Retirement Uncertainty

Maria Casanova, California State University-Fullerton

Coauthor: Frank Caliendo, Utah State University

Coauthor: Aspen Gorry, Utah State University

Coauthor: Sita Slavov, George Mason University

Download: Manuscript or Slides

9:45am - 10:45am Keynote Presentation: Macroeconomics and Household Heterogeneity

Dirk Krueger, University of Pennsylvania

Download: Manuscript 1, Manuscript 2, or Slides

11:00pm - 12:00pm A Bird in the Hand is Worth Two in the Grave: Risk Aversion and Life-Cycle Savings

Francois Le Grand, EMLyon Business School & ETH Zurich

Coauthor: Antoine Bommier, ETH Zurich

Coauthor: Daniel Harenberg, ETH Zurich

Download: Manuscript or Slides

12:00pm - 1:00pm Complimentary Lunch

1:00pm - 2:00pm Reforming Social Security: The Earnings Cap and Endogenous Human Capital

Adam Blandin, Virginia Commonwealth University

Download: Manuscript or Slides

2:15pm - 3:15pm The Effects of Physical Health and Aging on Financial Needs after Retirement: An Analysis across Europe

Marike Knoef, Leiden University

Coauthor: Lieke Kools, Leiden University

Download: Manuscript or Slides

3:30pm - 4:30pm Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession

Aaron Hedlund, University of Missouria-Columbia

Coauthor: Carlos Garriga, Federal Reserve Bank of St. Louis

Download: Manuscript or Slides

4:30pm - 7:30pm Free time (hiking, sightseeing)

7:30pm - 9:00pm Complimentary Closing Dinner at Cafe Sabor.

Location:

Jon M. Huntsman School of Business, Utah State University, Logan, Utah. Visitors enjoy world-class scenery just minutes from campus. Easy access to hiking, biking, fishing, camping, boating and other sight-seeing opportunities in the mountains. Logan is truly an outdoor paradise for those who are enthusiastic about the mountains, providing everything from gentle nature trails along rivers and lakes to extreme challenges on some of the steepest slopes in the Rockies.