Events
The 8th Cherry Blossom Financial Education Institute was held on April 20 – 21, 2023. Researchers from around the globe presented their work at the George Washington University in Washington, D.C.
GFLEC is proud to announce the winners of the Financial Literacy Research Award and the Rising Financial Literacy Scholar Award.
Two papers were selected this year for our Financial Literacy Research Award. Tabea Bucher-Koenen of the University of Mannheim has won for her paper, “Disparities in Financial Literacy, Pension Planning, and Saving Behavior,” and Christina Zhu of the University of Pennsylvania for her paper, “Household Investment in 529 College Savings Plans and Information Processing Frictions.”
Additionally, Sebastian Gomez-Cardona of the University of British Columbia won the Rising Financial Literacy Scholar Award for the paper, “Fertility, Financial Literacy, and Household Portfolios.”
We thank the National Endowment for Financial Education for sponsoring the awards.
Billy J. Hensley, National Endowment for Financial Education (NEFE)
Beth Bean, National Endowment for Financial Education (NEFE)
Annamaria Lusardi, Global Financial Literacy Excellence Center (GFLEC) and GWU
Session Chair: Alessia Sconti, Global Financial Literacy Excellence Center (GFLEC)
Alberto Rossi, Georgetown University: “Algorithmic Aversion and Robo-Advisors”
Presentation
Session Chair: Joshua Caraballo, National Endowment for Financial Education (NEFE)
Tabea Bucher-Koenen, University of Mannheim: “Disparities in Financial Literacy, Pension Planning, and Saving Behavior”
Paper | Presentation
Paolina C. Medina, Texas A&M University: “Do Savings Nudges Cause Borrowing? Evidence from a Mega Study”
Paper | Presentation
Session Chair: Brian Mulford, U.S. Securities and Exchange Commission
Giovanni Gallo, University of Modena and Reggio Emilia: “How Much Financial Literacy Matters? A Simulation of Potential Influences on Inequality Levels”
Paper | Presentation
Irina Gemmo, University of Montréal: “The Value of Financial Knowledge”
Paper | Presentation
K. Jeremy Ko, NORC at the University of Chicago: “Leveraging Overconfidence”
Paper | Presentation
Chair: Louisa Quittman, Office of the Comptroller of the Currency
Carly Urban, Montana State University: “Understanding Policy with Data: High School Personal Finance Courses”
Presentation
Session Chair: Meina Banh, Consumer Financial Protection Bureau
Jeremy Burke, University of Southern California: “Does State-mandated Financial Education Affect Financial Well-being?”
Paper | Presentation
Luis Oberrauch, University of Kaiserslautern-Landau: “Patience Malleable via Educational Intervention? Evidence from Field Experiments”
Paper | Presentation
Session Chair: Gary Mottola, FINRA Investor Education Foundation
Christina Zhu, University of Pennsylvania: “Household Investment in 529 College Savings Plans and Information Processing Frictions”
Paper | Presentation
Daniel Grodzicki, Office of the Comptroller of the Currency: “When Nudges Spill Over: Student Loan Use under the CARD Act”
Paper | Presentation
Session Chair: Jason S. Seligman, Investment Company Institute
Jasmira T.E. Wiersma, University of Groningen: “Financial Literacy and Economic Behavior in Curaçao”
Paper | Presentation
Jiusi Xiao, Claremont Graduate University: “Are Retirement Planning Tools Substitutes or Complements to Financial Capability?”
Paper | Presentation
Sebastian Gomez-Cardona, University of British Columbia: “Fertility, Financial Literacy, and Household Portfolios”
Paper | Presentation
Session Chair: Andrea Hasler, Global Financial Literacy Excellence Center (GFLEC)
Giovanni Gallipoli, University of British Columbia: “The Production of Financial Literacy”
Paper | Presentation
Luis Oberrauch, University of Kaiserslautern-Landau: “Measuring Financial Literacy with the Big Three”
Presentation
Luisa Blanco, Pepperdine School of Public Policy: “The Impact of a Mobile Phone-Delivered Digital Financial Education Program on Financial Behavior among Hispanics”
Paper | Presentation
Beth Bean, National Endowment for Financial Education (NEFE)
Annamaria Lusardi, Global Financial Literacy Excellence Center (GFLEC) and GWU