Events
The 9th Cherry Blossom Financial Education Institute was held on April 25 – 26, 2024. Researchers from around the globe presented their work at the Stanford Graduate School of Business in Stanford, CA.
We thank the Initiative for Financial Decision-Making at Stanford University for their support of the event and the National Endowment for Financial Education (NEFE) for their support as well as for sponsoring the Financial Literacy Research Award and the Rising Financial Literacy Scholar Award.
Congratulations to the award winners of the 9th Cherry Blossom Financial Education Institute!
Adam Leive, from the University of California, Berkeley, won the Financial Literacy Research Award for his paper on ‘Links Between Puzzles in Household Finance: Evidence from Employee Benefit Choices,’ which is joint work with Leora Friedberg from University of Virginia, and Brent Davis, PhD from TIAA Institute.
Alessia Sconti, from Università Bocconi University, won the Financial Literacy Research Award for the paper on ‘Evaluating a Financial Education National Campaign: Experimental Evidence from Italy,’ which was a collaborative effort with Tim Kaiser, Bilal Zia, and Annamaria Lusardi.
Joseph Hall, from Stanford University Graduate School of Business Graduate School of Business and Stanford Institute for Economic Policy Research (SIEPR), received the Rising Financial Literacy Scholar Award for the paper ‘Financial Technology, Cost, and Competition: The Case of Credit Cards.’
Min Kim, from University of Pennsylvania, received the Rising Financial Literacy Scholar Award for her paper ‘Financial Literacy, Portfolio Choice, and Wealth Inequality: A General Equilibrium Approach.’
Beth Bean, National Endowment for Financial Education (NEFE)
Annamaria Lusardi, Stanford University, Initiative for Financial Decision-Making, and Global Financial Literacy Excellence Center (GFLEC)
Session Chair: Peter DeMarzo, Stanford Graduate School of Business
Michael Boskin, Stanford University, Dept. of Economics and Hoover Institution
John Shoven, Stanford University, Dept. of Economics and Stanford Institute for Economic Policy Research (SIEPR)
Annamaria Lusardi, Stanford University, Initiative for Financial Decision-Making, and Global Financial Literacy Excellence Center (GFLEC)
Session Chair: Terrance Odean, Haas School of Business, UC Berkeley
Adam Leive, University of California, Berkeley: Links Between Puzzles in Household Finance: Evidence from Employee Benefit Choices
Paper
Ning Tang, San Diego State University: Financial Awareness and Its Role in Financial Behavior
Paper
Session Chair: Christyna Serrano, Stanford Graduate School of Business
Tim Kaiser, University of Kaiserslautern-Landau: Scaling Financial Education Among Micro-Entrepreneurs: A Randomized Saturation Experiment
Alessia Sconti, Bocconi University: Evaluating a Financial Education National Campaign: Experimental Evidence from Italy
Session Chair: Robert Ganem, FINRA Financial Education Foundation
Thomas Korankye, University of Arizona: The Effect of Financial Education on College Education Savings Behavior in U.S.
Paper
Susan Thorp, The University of Sydney Business School: Mortgage Brokers and Borrower Confusion
Paper | Presentation
Session Chair: Angela Hung, EarnIn
Joseph Hall, Stanford Graduate School of Business and Stanford Institute for Economic Policy Research (SIEPR): Financial Technology, Cost, and Competition: The Case of Credit Cards
Paper
Judith Bohnenkamp, University of Miami: The Tech Aficionado: Help or Harm? – A Matter of Financial Literacy
Paper
Min Kim, University of Pennsylvania: Financial Literacy, Portfolio Choice, and Wealth Inequality: A General Equilibrium Approach
Paper | Presentation
Session Chair: Guglielmo Briscese, University of Chicago
Dimitris Georgarakos, Lead Economist – Monetary Policy Research Division, Directorate General Research, European Central Bank
Session Chair: Jialu Streeter, Stanford Institute for Economic Policy Research (SIEPR)
Maya Haran Rosen, University of Pennsylvania: Do Parents Save More for a Daughter or a Son? Evidence on Gender Favoritism from a Child Savings Program
Paper | Presentation
Dennis Philip, Durham University: Early Roots of Inequality: Evidence of a Gender Income Gap Among Children
Session Chair: Gopi Shah Goda, Stanford Institute for Economic Policy Research (SIEPR)
Anna Lo Prete, University of Torino: Financial Literacy and Resilience When Survey Respondents Prefer Guessing to Admitting Ignorance
Paper
Margarita Machelett, Bank of Spain: Gender Gaps in Financial Literacy: A Multi-Arm RCT to Break the Response Bias in Surveys
Paper | Presentation
Session Chair: Anita Mukherjee, University of Wisconsin-Madison
Marius Cziriak, University of Mannheim: Beyond Knowledge: Confidence and the Gender Gap in Financial Literacy
Paper | Presentation
Lovisa Reiche, University of Oxford: That’s What She Said: An Empirical Investigation on the Gender Gap in Inflation Expectations
Paper
Li Liang, George Washington University: Investment Illiteracy and Behavioral Biases in Trading
Paper
Session Chair: Daniela Balutel, York University and Bank of Canada
Riccardo Sabbatucci, University of Pennsylvania: Return Heterogeneity in Retirement Accounts
Paper
Tobias Wekhof, ETH Zurich and Stanford University: Sustainable Investing
Session Chair: Angela Amarillas, Stanford University
J. Michael Dedmon, National Endowment for Financial Education (NEFE)
Justin M. Erwin, United States Military Academy
Diego Mendez-Carbajo, Federal Reserve Bank of St. Louis
Michael Staten, University of Arizona
Michael Dedmon, National Endowment for Financial Education (NEFE)
Annamaria Lusardi, Stanford University, Initiative for Financial Decision-Making, and Global Financial Literacy Excellence Center (GFLEC)
Stanford University