Pictures, Slides and Videos from the Second Annual CFP Conference


MIT Center for Finance and Policy Second Annual Conference

Financial Products and Policies for an Aging Population

September 17-18, 2015 – Royal Sonesta Hotel, Cambridge MA

Follow the conference on twitter #MITCFP2015

Downloadable Agenda


Dinner Keynote Speaker: Douglas Elmendorf, Brookings Institution

Please click here to read keynote speech.

Video


Lunch Speaker: Jeremy Gold, Jeremy Gold Pensions

Slides

Video


Closing Keynote Address: Stephen Goss, Chief Actuary, Social Security Administration

Slides

Video


Paper Session I: Implications of Behavioral Finance for Product Design


Paper: Self Control and Commitment: Can Decreasing the Liquidity of a Savings Account Increase Deposits?

Paper: Liquidity in Retirement Savings Systems: An International Comparison

Slides

Video

Authors:
• John Beshears, Harvard*
• James J. Choi, Yale
• Christopher Harris, University of Cambridge
• David Laibson, Harvard
• Brigitte C. Madrian, Harvard
• Jung Sakong, University of Chicago


Paper: Procrastination, Present-Biased Preferences, and Financial Behaviors

Slides

Video

Authors:
• Jeffrey R. Brown, University of Illinois
• Alessandro Previtero, University of Texas at Austin*


Paper: Old Age and the Decline in Financial Literacy

Slides

Video

Authors:
• Michael S. Finke, Texas Tech University*
• John S. Howe, University of Missouri
• Sandra J. Huston, Texas Tech University


Discussant: James Poterba, MIT

Slides

Video


 Paper Session II: Liquifying Home Equity


Paper: Do Reverse Mortgage Borrowers Use Credit Ruthlessly?

Slides

Video

Authors:
• Thomas Davidoff, University of British Columbia*
• Jake Wetzel, University of British Columbia


Paper: How House Price Dynamics and Credit Constraints Affect the Equity Extraction of Senior Homeowners

Slides

Video

Authors:
• Stephanie Moulton, Ohio State University*
• Samuel Dodini, Board of Governors of the Federal Reserve System
• Donald R. Haurin, Ohio State University
• Maximilian Schmeiser, Board of Governors of the Federal Reserve System


Paper: On the Design of Reverse Mortgages

Slides

Video

Authors:
• Robert C. Merton, MIT


Discussant: John Campbell, Harvard

Slides

Video


Panel Discussion: Challenges for Public Retirement Systems

Moderator: Deborah Lucas, MIT

Panelists:
Robert Pozen, MIT – Slides   
Thomas Reid, Sun Life Financial – Slides   
Sunghwan Shin, Korea Institute of Finance – Slides

Video


Paper Session III: Innovations in Insurance For Retirees


Paper: Late-in-Life Risks and the Under-Insurance Puzzle

Slides

Video

Authors:
• John Ameriks, Vanguard
• Joseph Briggs, New York University
• Andrew Caplin, New York University*
• Matthew D. Shapiro, University of Michigan
• Christopher Tonetti, Stanford


Paper: Medicaid Insurance in Old Age

Slides

Video

Authors:
• Mariacristina De Nardi, University College London*
• Eric French, University College London
• John Bailey Jones, University at Albany SUNY


Paper: Optimal Retirement Income Tontines

Slides

Video

Authors:
• Moshe A. Milevsky, York University*
• Thomas S. Salisbury, York University


Discussant: John Laitner, University of Michigan

Slides

Video