Cherry Blossom Financial Education Institute
The Inaugural Cherry Blossom Financial Education Institute was held on April 10, 2015. More than 60 papers and abstracts were submitted as a response to the call for papers and 13 were selected for presentation at the Institute. Researchers from around the globe came to present in Washington, D.C. This Institute is co-sponsored by GFLEC and the University of Arizona’s Take Charge America Institute.
Chair: Flore-Anne Messy, OECD
Maximilian Schmeiser, Federal Reserve Board: “State Mandated Financial Education and the Credit Behavior of Young Adults”
Ernesto Villanueva, Banco de España: “Finance for All: The Impact of Financial Literacy Training in Compulsory Secondary Education in Spain”
Georgios Panos, University of Glasgow: “Financial Literacy among Scottish Students”
Chair: Michael Staten, Take Charge America Institute, University of Arizona
Riccardo Calcagno, EMYLON Business School: “Financial Advice As a ‘Credence’ Service: the Role of Investor Competence”
Majdi Debbich, Paris School of Economics: “The Acquisition of Financial Literacy Over the Life Course”
Vyacheslav Mikhed, Federal Reserve Bank of Philadelphia: “Identity Theft as a Teachable Moment”
Chair: William Walstad, University of Nebraska-Lincoln
Julian Jamison, Consumer Financial Protection Bureau: “Financial Education and Access to Savings Accounts: Complements or Substitutes? Evidence from Ugandan Youth Clubs”
Michael Collins, University of Wisconsin-Madison: “The Role of Information on Retirement Planning: Evidence from a Field Study”
Colleen Flaherty Manchester, University of Minnesota: “The Role of Exponential-Growth Bias and Present Bias in Retirement Saving Decisions”
Chair: Annamaria Lusardi, Global Financial Literacy Excellence Center, GW
William Skimmyhorn & David Mun, United States Military Academy: “Assessing Financial Education Methods: Principles vs. Rules-of-Thumb Approaches”
Carly Urban, Montana State University: “Selection of Student Loans and College Performance”
Xiaoling Ang, Consumer Financial Protection Bureau: “The Power of Active Disclosure: The Effect of Self-Certification on the Private Student Loan Market”
The paper,“The Impact of Financial Education on Adolescents’ Intertemporal Choices,” submitted by Marta Serra-Garcia of the University of California, San Diego, was also selected by the committee. Unfortunately, she was unable to present at the Institute.