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The Centre for Central Banking Studies (Bank of England), Imperial College Business School, LSE and CFM are jointly organising a Workshop on Household Finance and Housing from Weds 17th – Fri 19th of June, 2020. The Workshop, which was scheduled to be held at the Bank of England (London) is now being held virtually via GoToWebinar.

Amir Sufi (Chicago Booth) and Ulrike Malmendier (University of California, Berkeley) will give keynote seminars on 17/6 and 19/6, respectively.

Registration is required to attend the webinars. Please use the links below.
All times are in BST (British Summer Time), the current UK/London time.

17th June, Wednesday
13:30-14:30 – Affordable housing and city welfare
Speaker: Stijn Van Nieuwerburgh (Columbia GSB)
Discussant: Elisa Giannone (Penn State)
Registration link: https://register.gotowebinar.com/register/2283874074610827022

15:00-16:00 – The saving glut of the rich and the rise in household debt
Keynote Speaker: Amir Sufi (Chicago Booth)
Registration link: https://attendee.gotowebinar.com/register/80359314059831051

16:30-17:30 – Reference dependence in the housing market
Speaker: Tarun Ramadorai (Imperial College)
Discussant: Claudia Robles-Garcia (Stanford GSB)
Registration link: https://register.gotowebinar.com/register/9029855099063623693

18th June, Thursday
14:00-15:00 – Panel discussion on ‘Macroprudential Regulation of Households’
Ben Broadbent (Bank of England), Andra Ghent (UNC Kenan-Flagler), Jose-Luis
Peydro (Imperial College, UPF), Antoinette Schoar (MIT Sloan)
Chair: Silvana Tenreyro (Bank of England, LSE)
Registration link: https://register.gotowebinar.com/register/21676179462360334

15:30-16:30 – The Effect of Foreclosures on Homeowners, Tenants, and Landlords
Speaker: Adam Guren (Boston University)
Discussant: Jagdish Tripathy (Bank of England)
Registration link: https://register.gotowebinar.com/register/5134343675969642509

17:00-18:00 – Lending footprints and discrimination testing
Speaker: Adair Morse (Berkeley Hass)
Discussant: Andreas Fuster (Swiss National Bank)
Registration link: https://register.gotowebinar.com/register/3118217582628464142

18th June, Friday
14:00-15:00 – Five facts about beliefs and portfolios
Speaker: Johannes Stroebel (NYU Stern)
Discussant: Michaela Pagel (Columbia GSB)
Registration link: https://register.gotowebinar.com/register/1867274616405430541

16:00-17:00 – Rent or Buy? The Role of Lifetime Experiences of Macroeconomic Shocks Within and across Countries
Keynote Speaker: Ulrike Malmendier (University of California, Berkeley)
Registration link: https://attendee.gotowebinar.com/register/2452248887242787597

Joan Costa-Font, Belén Sáenz de Miera, 20 October 2019

Changes in working hours and the associated time and energy consumed during work can exert an important influence on people’s fitness. However, the effects of such changes on health behaviour and obesity are not well understood. This column examines the effects of a 2001 French national reform that reduced working hours on employee obesity and overweight. Although reduced working times could, in theory, be used for health-promoting activities, in practice it had different effects on white- and blue-collar workers. Policies to reduce working hours alone do not necessarily produce better fitness for everyone.

Andrea Ichino, Martin Olsson, Barbara Petrongolo, Peter Skogman Thoursie, 11 September 2019

Gender identity norms are possible drivers of persistent gender inequalities in the labour market, but the extent to which such norms restrict the behaviour of couples is debated. This column examines how households in Sweden changed their allocation of home production in response to the introduction of a tax credit that altered the marginal tax rates (and the relative take-home pay) in different ways for spouses in couples. It finds that immigrant couples, who tend to come from countries with more traditional gender norms than Sweden, responded more strongly to a reduction in the husband’s tax rate than the wife’s. By not responding to wives’ tax cuts, these couples may forgo as much as £2,000 per year in household disposable income.

Uzma Afzal, Giovanna d’Adda, Marcel Fafchamps, Farah Said, 25 October 2018

Within households, an individual often makes consumption decisions for the collective. Leading intra-household decision making models predict efficiency based on perfect information about individuals’ preferences and benevolence. This column challenges these models by incorporating information asymmetry and demand for agency. Experimental evidence from Pakistan shows that household consumption decisions are shaped by a demand for agency, and that this is mediated by level of empowerment. 

Matthias Doepke, Michèle Tertilt, 20 June 2011

Evidence suggests that putting money in the hands of mothers (as opposed to their husbands) benefits children. Does this mean targeting transfers to women is good economic policy? The authors of CEPR DP8441 find that different forms of empowering women may lead to opposite results. More research is needed to distinguish between alternative theoretical models.

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CEPR Policy Research