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New Perspectives on Consumer Behavior in Credit and Payment Markets

October 3-4, 2013
Federal Reserve Bank of Philadelphia

Conference Agenda

Thursday, October 3

5:30 p.m. — 7:30 p.m.

Welcome and Reception

Friday, October 4

9:00 a.m. — 10:30 a.m.

Panel 1: Testing Theories of Consumer Decision-Making
Moderator: Mitchell Berlin, Federal Reserve Bank of Philadelphia

Sticking to Your Plan: Hyperbolic Discounting and Credit Card Debt Paydown
Presention: Theresa Kuchler, New York University

Discussant: Jeremy Tobacman, University of Pennsylvania

Financial Constraints and Consumers' Response to Cash Flow News:
Direct Evidence from Federal Tax Return Filings

Presenter: Brian Baugh, Ohio State University
(co-authors: Itzhak Ben-David and Hoonsuk Park, Ohio State University)
Discussant: Michael Palumbo, Federal Reserve Board of Governors

11:00 a.m. — 12:30 p.m.

Panel 2: Credit Use and Performance among Younger Consumers
Moderator: Wenli Li, Federal Reserve Bank of Philadelphia

Are Young Borrowers Bad Borrowers? Evidence from the Credit Card Act of 2009
Presenter: Andra Ghent, Arizona State University
(co-authors: Peter Debbaut and Marianna Kudlyak, Federal Reserve Bank of Richmond)

Discussant: John Driscoll, Federal Reserve Board of Governors

Financial Education and the Debt Behavior of the Young
Presenter: Meta Brown, Federal Reserve Bank of New York
(co-authors: Wilbert van der Klaauw, Jaya Wen, and Basit Zafar, Federal Reserve Bank of New York)

Discussant: Max Schmeiser, Federal Reserve Board of Governors

1:45 p.m. — 3:15 p.m.

Panel 3: Interactions between Credit and Labor Markets
Moderator: Paul Calem, Federal Reserve Bank of Philadelphia

House Prices, Collateral, and Self-Employment
Presenter: Manuel Adelino, Duke University
(co-authors: Antoinette Schoar and Felipe Severino, MIT)

Discussant: Loretta Mester, Federal Reserve Bank of Philadelphia

Unemployment Insurance and Consumer Credit
Presenter: Brian Melzer, Northwestern University
(co-authors: Joanne Hsu, Federal Reserve Board of Governors, and
David Matsa, Northwestern University)

Discussant: Eugene Amromin, Federal Reserve Bank of Chicago

3:15 p.m. — 3:30 p.m.

BREAK

3:30 p.m. — 4:15 p.m.

Panel 4: Payment Regulation
Moderator: Bob Hunt, Federal Reserve Bank of Philadelphia

Bank Profitability and Debit Card Interchange Regulation: Bank Responses to the Durbin Amendment
Presenter: Mark Manuszak, Federal Reserve Board of Governors
(co-authors: Benjamin Kay, Department of the Treasury and Cindy Vojtech, Federal Reserve Board of Governors)
Discussant: W. Scott Frame, University of North Carolina

4:15 p.m. — 4:30 p.m.

Closing Remarks

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  • Disclaimer: The views contained in the papers and presentations are those of the authors and not those of the Federal Reserve Bank of Philadelphia or the Federal Reserve System.
  • Last update: November 7, 2013