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2016 Summer 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 StudiesReview 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 BriggsNew 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 CasanovaCalifornia 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 GrandEMLyon 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 HedlundUniversity 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 Rocky Mountains.

 
Old Main East

Old Main West

Wellsville East

Wellsville North

Crimson Trail

Logan Canyon Cliffs

Logan River