September 19-20: Program

Sep 19

9:00-9:30	Coffee and registration

9:30-9:45	Opening Remarks

Session 1:	Retirement savings
	Chair: Roine Vestman, Stockholm University, Swedish House of Finance and CEPR

9:45-10:30	Determinants and Life-Cycle Effects of Survival Ambiguity
	Claudio Daminato, Lund University
	Discussant: Kim Peijnenburg, Tilburg University, BIGFI and CEPR

10:30-11:15	Subjective Survival Expectations and Annuitization Decisions
	Tianyu Pang, University of Cambridge
	Discussant: Alex Michaelides, Imperial College and CEPR

11:15-11:30	Coffee Break

Session 2:	Home ownership
	Chair: Michael Haliassos, Goethe University Frankfurt and CEPR

11:30-12:15	Optimal mortgage choice with hidden debt: the role of mortgage design and inattention
	Fabian Brunåker, Uppsala University
	Discussant: Zoltán Rácz, Stockholm School of Economics and Swedish House of Finance

12:15-13:00	A Flying Start: Intergenerational transfers, Wealth Accumulation, and Entrepreneurship of Descendants
	Elin Colmsjö, University of Copenhagen
	Discussant: Marieke Bos, Swedish House of Finance, VU Amsterdam and CEPR

13:00-14:15	Lunch at Conference Venue

Session 3:	Belief Formation
	Chair: Alex Michaelides, Imperial College and CEPR

14:15-15:00	Tail Risk Neglect and Selective Recall
	Johannes Beutel, Deutsche Bundesbank
	Discussant: Cameron Peng, London School of Economics and CEPR

15:00-15:45	Beyond Groceries: Forecast Confidence and the Gender Gap in Inflation Expectations
	Lovisa Reiche, University of Oxford
	Discussant: Anders Anderson, Stockholm School of Economics and Swedish House of Finance

18:00	Dinner (By invitation only)

Sep 20

9:00-9:30	Coffee and registration

Session 4:	Participation
	Chair: Francisco Gomes, London Business School

09:30-10:15	Rethinking the Stock Market Participation Puzzle: A Qualitative Approach
	Stephan Siegel, University of Washington
	Discussant: Tullio Jappelli, University of Naples Federico II and CEPR

10:15-11:00	Experience-based Learning, Stock Market Participation and Portfolio Choice
	Richard Foltyn, Norwegian School of Economics
	Discussant: Gualtiero Azzalini, Stockholm School of Economics and Swedish House of Finance

11:00-11:30	Coffee Break

Session 5:	Credit and Equity Markets
	Chair: Paolo Sodini, Stockholm School of Economics, Swedish House of Finance and CEPR

11:30-12:15	Buy Now Pay (Less) Later: Leveraging Private BNPL Data in Consumer Banking
	Elin Molin, Lund University
	Discussant: Kasper Nielsen, Copenhagen Business School

12:15-13:00	Do Households Matter for Asset Prices?
	Jens Kvaerner, BI Norwegian Business School
	Discussant: Paul Hubner, Stockholm School of Economics and Swedish House of Finance

13:00-14:00	Lunch at Conference Venue

Session 6:	Mortgage markets
	Chair: João Cocco, London Business School

14:00– 14:45	Green Mortgages
	Bernardo Mendes, London Business School
	Discussant: Mehran Ebrahimian, Stockholm School of Economics and Swedish House of Finance

14:45– 15:30	Does Distance Still Matter? Evidence from 30 Years of Mortgage Lending
	Joao Monteiro, Einaudi Institute for Economics and Finance (EIEF)
	Discussant: Yushi Peng, Tilburg University

15:30– 15:45	Closing remarks

Practical information

Open policy conference:

Date: September 18, 2025
Time: 14:50, coffee and registration 14:30
Location: Convendum, Birger Jarlsgatan 57, 113 56 Stockholm

The policy session is currently full, use link below to register to the waiting list. This session will be recorded.

Academic conference:

Date: September 19, 2025
Time: 9:30, coffee and registration 9:00
Location: Convendum, Birger Jarlsgatan 57, 113 56 Stockholm

Date: September 20, 2025
Time: 9:30, coffee and registration 9:00
Location: Convendum, Birger Jarlsgatan 57, 113 56 Stockholm

Sponsor

We are grateful to the Jan Wallander's and Tom Hedelius' Foundation for financial support.

Local Organizers:

Anders Anderson (SHoF/SSE)
Marieke Bos (SHoF, VU Amsterdam and CEPR)
Anastasia Girshina (SHoF/SSE)
Paolo Sodini (SHoF/SSE and CEPR).

Programme Committee:

Sumit Agarwal (National University of Singapore), Steffen Andersen (Copenhagen Business School and CEPR), Martin Brown (Study Center Gerzensee, University of St Gallen, ZEW Leibniz Centre for European Economic Research), Laurent Calvet (SKEMA Business School, CFS and CEPR), Joao Cocco (London Business School and CEPR), Russell Cooper (European University Institute), Andreas Fuster (EPFL and CEPR), Francisco Gomes (London Business School and CEPR), Michael Haliassos (Goethe University Frankfurt and CEPR), Tullio Jappelli (University of Naples Federico II, CSEF and CEPR), Matti Keloharju (Aalto University and CEPR), Camelia Kuhnen (University of North Carolina), Julia Le Blanc (European Commission, Joint Research Centre and CEPR), Alex Michaelides (Imperial College and CEPR), Giovanna Nicodano (University of Torino, Collegio Carlo Alberto and CEPR), Michaela Pagel (Washington University Olin Business School, NBER and CEPR), Monica Paiella (University of Naples Parthenope and CEPR), Kim Peijnenburg (EDHEC and CEPR), Wenlan Qian (National University of Singapore), Tarun Ramadorai (Imperial College and CEPR), Paolo Sodini (Stockholm School of Economics, Swedish House of Finance and CEPR), Raman Uppal (EDHEC and CEPR), Roine Vestman (Stockholm University and CEPR), Stephen Zeldes (Columbia University) and Jonathan Zinman (Dartmouth University).

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