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2021 Cherry Blossom Financial Education Institute

The 6th Cherry Blossom Financial Education Institute was held on April 8-9, 2020. Researchers from around the globe presented their work at this virtual event. This year’s Institute and the accompanying awards were sponsored by the National Endowment for Financial Education.
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View the 2021 Program ➤

 


AWARDS

GFLEC is proud to announce the winners of the Financial Literacy Research Award and the Rising Financial Literacy Scholar Award.

Megan Hunter of Boston College has won the Financial Literacy Research Award for the paper she submitted to the Institute, entitled “Can Facing the Truth Improve Outcomes? Effects of Information in Consumer Finance.”

Samir E. Mahmoudi of Georgia State University has won the Rising Financial Literacy Scholar Award for his paper, entitled “Later-career Unemployment Shocks, Pension Outcomes and Unemployment Insurance.”

We thank the National Endowment for Financial Education for sponsoring the awards.

 


Day 1 | April 8, 2021

Welcome Remarks

Annamaria Lusardi, Academic Director, GFLEC
Billy Hensley, President & CEO, National Endowment for Financial Education
KEYNOTE ADDRESS: THE IMPLICATIONS OF GAMESTOP FOR RETAIL INVESTOR FINANCIAL LITERACY
Jill Fisch, Saul A. Fox Distinguished Professor of Business Law and Co-Director, Institute for Law and Economics, University of Pennsylvania Carey Law School
Bio | Presentation | Video

SESSION 1: New Insights from FinTech

Session Chair: Michael Staten, Professor, Agricultural and Resource Economics, The University of Arizona

Francesco D’Acunto, Boston College: “How Costly Are Cultural Biases?”
Paper
| Presentation
Angela Hung, Robinhood Behavioral Insights Research: “Financial Literacy and Investor Literacy of the New Generation of Investors”
Paper
 | Presentation

SESSION 2 | Improving Outcomes: The Role of Information & Support

Session Chair: Alberto Rossi, Provost’s Distinguished Associate Professor of Finance, Georgetown University

Megan Hunter, Boston College: “Can Facing the Truth Improve Outcomes? Effects of Information in Consumer Finance”
Paper | Presentation
Francesco Saita, Bocconi University: “Understanding the Demand for Financial Literacy”
Paper | Presentation
Da Ke, University of South Carolina: “The Power of Love: Emotional Support and Financial Hardship”
Paper | Presentation

Day 2 | April 9, 2021

SESSION 3: Financial Education Interventions

Session Chair: Jill Jones, Managing Director of Research, National Endowment for Financial Education

Jeremy Burke, University of Southern California: “Can Educational Interventions Reduce Susceptibility to Financial Fraud?”
Paper | Presentation
Alejandro Herrera, Inter-American Development Bank: “Youth’s Financial Skills and Behavior: Evidence from a Financial Diaries Study”
Paper | Presentation

SESSION 4: Rising Financial Literacy Scholars

Session Chair: Hector Ortiz, Senior Policy Analyst, Consumer Financial Protection Bureau

Chris M. Boyd Leon, University of Minnesota, Twin Cities: “A Business Case for Financial Education and Microsavings Promotion: Experimental Evidence from a For-Profit Program in Rural Peru”
Paper | Presentation
Samir E. Mahmoudi, Georgia State University: “Later-career Unemployment Shocks, Pension Outcomes and Unemployment Insurance”
Paper 

SESSION 5: Retirement Savings

Session Chair: Annamaria Lusardi, Academic Director, GFLEC

William L. Skimmyhorn, William and Mary: “How do Behavioral Approaches to Increase Savings Compare? Evidence from Multiple Interventions in the U.S. Army”
Paper 
Anita Mukherjee, University of Wisconsin-Madison: “Abandoned Retirement Savings”
Paper 

 

 

2021

April

8-9

Online