2nd Annual Conference: Financial Products and Policies for an Aging Population

Financial Products and Policies for an Aging Population

• September 17-18, 2015 – Royal Sonesta Hotel, Cambridge MA
• Downloadable Agenda
• Videos

Keynotes

Dinner Keynote Speaker: Douglas Elmendorf, Brookings Institution
Please click here to read keynote speech.

Lunch Speaker: Jeremy Gold, Jeremy Gold Pensions

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

Paper Sessions

Paper Session I: Implications of Behavioral Finance for Product Design

• Discussant: James Poterba, MIT

Paper: Self Control and Commitment: Can Decreasing the Liquidity of a Savings Account Increase Deposits?
Paper: Liquidity in Retirement Savings Systems: An International Comparison
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
Authors:
• Jeffrey R. Brown, University of Illinois
• Alessandro Previtero, University of Texas at Austin*

Paper: Old Age and the Decline in Financial Literacy
Authors:
• Michael S. Finke, Texas Tech University*
• John S. Howe, University of Missouri
• Sandra J. Huston, Texas Tech University

Paper Session II: Liquifying Home Equity

• Discussant: John Campbell, Harvard

Paper: Do Reverse Mortgage Borrowers Use Credit Ruthlessly?
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
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
Authors:
• Robert C. Merton, MIT

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

Paper Session III: Innovations in Insurance For Retirees

• Discussant: John Laitner, University of Michigan

Paper: Late-in-Life Risks and the Under-Insurance Puzzle
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
Authors:
• Mariacristina De Nardi, University College London*
• Eric French, University College London
• John Bailey Jones, University at Albany SUNY

Paper: Optimal Retirement Income Tontines
Authors:
• Moshe A. Milevsky, York University*
• Thomas S. Salisbury, York University