2017 Workshop

May 18-20, 2017

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

The annual QSPS Summer Workshop takes place in a selective setting in which 12 to 15 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:

John Leahy is the Allen Sinai Professor of Macroeconomics at the University of Michigan, and he currently serves as a Co-Editor of the American Economic Review. He is a Research Associateof theNational Bureau of Economic Research. Johnhas contributed to the fields of economic theory, macroeconomics, and behavioral economics, and his research has been published in peer-reviewed journals such as the American Economic Review, Econometrica, Quarterly Journal of Economics, Journal of Political Economy, Review of Economic Studies, Journal of Economic Theory, Journal of Monetary Economics, Economic Journal, Review of Economics & Statistics, and theJournal of Economic Perspectives, among several other outlets.

Dan Silverman currently holds the Rondthaler Family Endowed Professorship at Arizona State University, and he currently serves as a Co-Editor of the American Economic Journal: Economic Policy.He also serves as a Research Associateof the National Bureau of Economic Research and as a Faculty Associate of the Survey Research Center at the University of Michigan. Dan studies a wide variety of topics including decision making over the life cycle in response to the institutional features of transfer programs such as social security. He also has an established record of conducting research at the intersectionof behavioral economics and public economics. His published research has appeared in peer-reviewed outlets such as Science, American Economic Review, Journal of Political Economy, Review of Economic Studies, Journal of the European Economic Association, Economic Journal, International Economic Review, Journal of Economic Literature, Journal of Public Economics, Journal of Health Economics, Journal of Economic Behavior & Organization, Economics Letters, and the Journal of Economic Inequality.

PROGRAM:

Thursday May 18

3:00pm - 3:15pm Check-In at the Douglas D. Anderson Executive Boardroom, Huntsman Hall, Utah State University

3:15pm - 4:15pmOld, Frail, and Uninsured: Accounting for Puzzles in the U.S. Long-Term Care Insurance Market

Karen A. Kopecky,Federal Reserve Bank of Atlanta

Coauthor: R. Anton Braun, Federal Reserve Bank of Atlanta

Coauthor: Tatyana Koreshkova, Concordia University & CIREQ

Download: Manuscript or Slides

4:30pm - 5:30pm Default and Liquidity Traps: The Role of Recourse Mortgages in Slow Recoveries

Pedro Gete,Georgetown University

Coauthor: Franco Zecchetto, Georgetown University

Download: Manuscript or Slides

5:45pm - 6:45pmThe Effect of Savings Commitments on Asset, Debt, and Retirement Decisions: Evidence from Mortgage
Run-offs in Danish Registry Data

Philippe d'Astous,HEC Montreal

Coauthor: Steffen Andersen, Copenhagen Business School

Coauthor: Jimmy Martinez-Correa, Copenhagen Business School

Coauthor: Stephen H. Shore, Georgia State University

Download: Manuscript or Slides

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

Friday May 19

8:00am - 8:30am Complimentary Breakfast

8:30am - 9:30amWhy is Credit Utilization Stable? Precaution, Payments, and Credit Cards over the Business Cycle and
Life Cycle

Scott L. Fulford,Consumer Financial Protection Bureau

Coauthor: Scott Schuh, Federal Reserve Bank of Boston

Download: Manuscript or Slides

9:45am - 10:45am Keynote Presentation: Wishful Thinking

John Leahy, University of Michigan

Download: Manuscript or Slides

11:00am - 12:00pmThe Run from Safety: How a Change to the Deposit Insurance Limit Affects Households' Portfolio Allocation

Adi Mordel,Bank of Canada

Coauthor: H. Evren Damar, Hobart and William Smith Colleges

Coauthor: Reint Gropp, IWH & University of Magdeburg

Download: Manuscript or Slides

12:00pm - 1:00pm Complimentary Lunch

1:00pm - 2:00pmSecular Stagnation? Growth, Asset Returns and Welfare in the Next Decades: First Results

Raphael Abiry,SAFE - Goethe University Frankfurt

Coauthor: Christian Geppert, OECD

Coauthor: Alexander Ludwig, SAFE - Goethe University Frankfurt

Download: Manuscript or Slides

2:15pm - 3:15pmCredit Scores, Social Capital, and Stock Market Participation

Geng Li, Federal Reserve Board of Governors

Coauthor: Jesse Bricker, Federal Reserve Board of Governors

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 20

8:00am - 8:30am Complimentary Breakfast

8:30am - 9:30amChanging Parental Characteristics and Aggregate Educational Attainment

Christopher Herringtron,Virginia Commonwealth University

Coauthor: Adam Blandin, Virginia Commonwealth University

Download: Manuscript or Slides

9:45am - 10:45am Keynote Presentation: The Pitfalls of Simplification in the Retirement Savings Market

Dan Silverman, Arizona State University

Download: Manuscript or Slides

11:00pm - 12:00pmSubjective Survival Beliefs and Ambiguity: The Role of Psychological and Cognitive Factors

Nils Grevenbrock,SAFE - Goethe University Frankfurt

Coauthor: Max Groneck, Stockholm School of Economics & Netspar

Coauthor: Alexander Ludwig, SAFE - Goethe University Frankfurt

Coauthor: Alexander Zimper, University of Pretoria

Download: Manuscript or Slides

12:00pm - 1:00pm Complimentary Lunch

1:00pm - 2:00pmThe Effects of Collecting Income Taxes on Social Security Benefits

Yue Li,University at Albany - SUNY

Coauthor: John Bailey Jones, Federal Reserve Bank of Richmond & University at Albany - SUNY

Download: Manuscript or Slides

2:15pm - 3:15pmMale Labor Supply and Generational Fiscal Policy

Christian vom Lehn, Brigham Young University

Coauthor: Aspen Gorry, Utah State University

Coauthor: Eric O'N. Fisher, California Polytechnic State University

Download: Manuscript or Slides

3:15pm - 5:30pm Free time

5:30pm - 7:00pm 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.