2010 Symposium:
Financial Literacy: Implications for Retirement Security and the Financial Marketplace
April 29-30, 2010
About the Conference
This event will provoke an energetic discussion between researchers, policymakers, and practitioners on enhanced financial literacy and its relationship to retirement security, the financial marketplace, and how it relates to financial market regulation. The goal of the conference is to inform policymakers, academics, actuaries, plan sponsors, and benefits specialists about what has been learned, and what remains to be done, to take advantage of the 'teachable moment' resulting from the financial crisis. Conference attendees will include academics, actuaries, plan sponsors, benefits specialists, and policymakers, as well as others. The proposed research will be of substantial interest to the Wharton School, inasmuch as this analysis has important implications for the ways in which pension designers, fiduciaries, and policymakers should develop the future framework for financial education and retirement preparedness in public and private pension systems.
This conference was co-hosted by Annamaria Lusardi and Olivia S. Mitchell at The Wharton School.
Conference Agenda
Thursday, April 29, 2010
Keynote Speaker: Michelle Greene, US Department of the Treasury
- Download Presentation [137K PDF] Login required.
Session I: Financial Literacy and Financial Decision Making
- "Making Savers Winners: An Overview of Prize-Linked Savings Products"
Erik G. Hurst and Jonathan Guryan, University of Chicago Booth School of Business, Melissa Kearney, University of Maryland, and Peter Tufano, Harvard School of Business- Download Presentation [351K PDF] Login required.
- "Time Perception and Retirement Saving: Lessons from Behavioral Decision Research"
Gal B. Zauberman and B. Kyu Kim, The Wharton School- Download Presentation [48K PDF] Login required.
- Discussant: Mike Orszag, Towers Watson
- "Financial Literacy, Ignorance and Stock Market Participation: Evidence from the RAND American Life Panel"
Joanne Yoong, RAND Corporation- Download Presentation [2,107K PDF] Login required.
- "Pension Plan Distributions: The Importance of Financial Literacy"
Robert L. Clark, Melinda Sandler Morrill, and Steve Allen, North Carolina State University- Download Presentation [87K PDF] Login required.
- Discussant: Sarah Holden, Investment Company Institute
- Download Presentation [568K PDF] Login required.
Luncheon Speaker: Annamaria Lusardi, Dartmouth College
Session II: Evaluating Financial Literacy Interventions
- "Fees, Framing, and Financial Literacy in the Choice of Pension Manager"
Justine Hastings and Eric Chyn, Yale University, and Olivia S. Mitchell, The Wharton School- Download Presentation [644K PDF] Login required.
- "Investor Knowledge and Experience with Investment Advisers and Broker-Dealers"
Angela Hung, Noreen Clancy, and Jeff Dominitz, RAND Corporation- Download Presentation [114K PDF] Login required.
- "Financial Mistakes and Misperceptions: Credit Cards and Payday Loans"
Susan Carter and Paige Marta Skiba, Vanderbilt University, and Jeremy Tobacman, The Wharton School- Download Presentation [94K PDF] Login required.
- Discussant: Vinesh Prasad, Allianz SE
- Download Presentation [81K PDF] Login required.
- "How to Improve Financial Literacy: Some Successful Strategies"
Diana Crossan, Office of the Retirement Commissioner, New Zealand- Download Presentation [1,012K PDF] Login required.
- "Bringing Financial Literacy and Education to Low and Medium Income Countries"
Robert Holzmann, The World Bank- Download Presentation [301K PDF] Login required.
- "OECD's Financial Education Project"
Andre Laboul and Flore-Anne Messy, OECD- Download Presentation [643K PDF] Login required.
- Discussant: Deborah O'Neil, AXA Equitable
- Download Presentation [65K PDF] Login required.
Friday, April 30, 2010
Session III: Shaping the Financial Literacy Environment
- "Improving Financial Literacy: The Role of Nonprofit Providers"
J. Michael Collins, University of Wisconsin- Download Presentation [278K PDF] Login required.
- "Financial Literacy and 401(k) Loans"
Steve Utkus and Jean Young, The Vanguard Group- Download Presentation [103K PDF] Login required.
- "Annuities, Financial Literacy and Information Overload"
Julie Agnew and Lisa Szykman, Mason School of Business- Download Presentation [661K PDF] Login required.
- "Financial Counseling, Financial Literacy, and Household Decision Making"
Sumit Agarwal, Douglas Evanoff, and Gene Amromin, Federal Reserve Bank of Chicago, Souphala Chomsisengphet, Office of the Comptroller of the Currency, and Itzhak Ben-David, Fisher College of Business- Download Presentation [144K PDF] Login required.
- Discussant: Stacy Schaus, PIMCO
- Download Presentation [47K PDF] Login required.
Session IV: Roundtable
Chair: Annamaria Lusardi, Dartmouth College; Jason Fichtner, Social Security Administration, James Lockhart, WL Ross & Company, Melissa Moye, Maryland State Treasury
For More Information
For more information, please contact:
Pension Research Council
The Wharton School, University of Pennsylvania
3000 Steinberg Hall - Dietrich Hall
Philadelphia, PA 19104-6302
Tel: 215.898.7620
Fax: 215.573-3418
Email: prc@wharton.upenn.edu
Pension Research Council
The Wharton School of the University of Pennsylvania
3620 Locust Walk, 3000 Steinberg Hall–Dietrich Hall
Philadelphia, PA 19104-6302
Tel: 215.898.7620 | Fax: 215.573.3418 | prc@wharton.upenn.edu
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