Cherry Blossom Financial Education Institute
The 2021 virtual event took place on April 8-9, 2021.
The National Endowment for Financial Education generously continued its sponsorship of the event and the awards.
GFLEC is proud to announce the winners of the 2021 Financial Literacy Research Award and the Rising Financial Literacy Scholar Award.
Megan Hunter of Boston College won the Financial Literacy Research Award for her paper, “Can Facing the Truth Improve Outcomes? Effects of Information in Consumer Finance.” The award includes a prize of $5,000.
Samir E. Mahmoudi of Georgia State University won the Rising Financial Literacy Scholar Award for his paper, “Later-career Unemployment Shocks, Pension Outcomes and Unemployment Insurance.” The award includes a $750 prize.
Click on each year listed on the bottom of this page to learn more about each Institute.
THE ORIGINS OF THE CHERRY BLOSSOM FINANCIAL EDUCATION INSTITUTE
The idea for the annual Cherry Blossom Financial Education Institute originated at the 2010 Colloquium held by the National Endowment for Financial Education (NEFE): Quarter Century Project: 25 Years of Research in Financial Education. For that event, an extensive body of research was collected and presented, but a little consensus emerged about what makes financial education effective.
To further our understanding of the effectiveness of financial education, three researchers— Annamaria Lusardi of GFLEC, Michael Staten of the University of Arizona, and William Walstad of the University of Nebraska-Lincoln—organized and conducted a forum (or “Institute”) in April 2014 with researchers who were invited to discuss key research issues and works in progress. This first Institute was hosted by the Take Charge America Institute (TCAI) at the University of Arizona.
The success of the 2014 event led GFLEC to host a second Institute in Washington, D.C., in April 2015, funded by TCAI. This second Institute was named the Cherry Blossom Financial Education Institute and thus the annual event was born. The research committee selecting the papers for presentation continues to be comprised of Professors Lusardi, Staten, and Walstad.
NEFE became the main sponsor of the Institute in 2016 and supports the Financial Literacy Research Award, which was inaugurated in 2018. MFS Investment Management has supported the Institute since 2018.
THE ASIA PACIFIC FINANCIAL EDUCATION INSTITUTE
The Asia Pacific Institute is a new joint collaboration between the Sim Kee Boon Institute for Financial Economics (SKBI) at the Singapore Management University and GFLEC. The Asia Pacific Institute is modeled after GFLEC’s Cherry Blossom Financial Education Institute held in Washington, D.C. every April. The research committee for the Asia Pacific Institute consists of David Fernandez (SKBI), Annamaria Lusardi (GFLEC), Michael Staten (University of Arizona) and William Walstad (University of Nebraska).
2020 Asian Pacific Financial Education Institute
“COVID-19, Financial Fragility and Resilience” will be held virtually on December 2, 2020 from 8:30 – 10:30 SGT.
Speakers include the former Indonesian Finance Minister, Muhamad Chatib Basri; the Deputy Governor of the Central Bank of the Philippines (BSP), Chuchi Fonacier; and Melbourne Institute Director, Abigail Payne. The welcome address will be made by Singapore Exchange CEO, Loh Boon Chye. The keynote address will be made by the GFLEC Academic Director, Annamaria Lusardi.
2019 Asian Pacific Financial Education Institute
A call for papers was issued for the Asia Pacific Financial Education Institute held in Singapore on September 16 – 17, 2019.
PAPERS, PRESENTATIONS, & PHOTOS