Conference Announcement
New Perspectives on Consumer Behavior in Credit and Payment Markets

October 3-4, 2013, Federal Reserve Bank of Philadelphia

CONFERENCE WEBSITE AND AGENDA: See:
http://www.philadelphiafed.org/research-and-data/events/2013/consumer-credit-and-payments/index.cfm

The Payment Cards Center and the Research Department are hosting the seventh biennial research conference on topics related to consumer credit and payments.

TOPICS: The papers accepted for this year's conference address a wide range of issues, including the efficacy of financial education, testable theories of consumer decision-making, the relationship between safety nets and credit supply, liquidity constraints and consumption decisions, capital constraints and small business formation, and the effects of recent changes in regulation.

PROGRAM:

Thursday, October 3 (5:00 p.m. - 7:30 p.m.)

WELCOME AND RECEPTION

Friday, October 4 (8:00 a.m. - 4:30 p.m.)

PAPERS:

FINANCIAL EDUCATION AND THE DEBT BEHAVIOR OF THE YOUNG
Meta Brown, Federal Reserve Bank of New York (with Wilbert van der Klaauw, Jaya Wen, and Basit Zafar, Federal Reserve Bank of New York)

ARE YOUNG BORROWERS BAD BORROWERS? EVIDENCE FROM THE CREDIT CARD ACT OF 2009
Andra Ghent, Arizona State University (with Peter Debbaut and Marianna Kudlyak, Federal Reserve Bank of Richmond)

BANK PROFITABILITY AND DEBIT CARD INTERCHANGE REGULATION: BANK RESPONSES TO THE DURBIN AMENDMENT
Benjamin Kay, Department of the Treasury - Office of Financial Research (with Mark D. Manuszak and Cindy M. Vojtech, Board of Governors of the Federal Reserve System)

STICKING TO YOUR PLAN: HYPBERBOLIC DISCOUNTING AND CREDIT CARD DEBT PAYDOWN
Theresa Kuchler, New York University

FINANCIAL CONSTRAINTS AND CONSUMERS' RESPONSE TO EXPECTED CASH FLOWS:
DIRECT EVIDENCE FROM FILING TAX RETURNS
Brian Baugh, Ohio State University (with Itzhak Ben-David and Hoonsuk Park, Ohio State University)

HOUSE PRICES, COLLATERAL, AND SELF-EMPLOYMENT
Manuel Adelino, Duke University (with Antoinette Schoar and Felipe Severino, MIT).

UNEMPLOYMENT INSURANCE AND CONSUMER CREDIT
Brian Melzer, Northwestern University (with Joanne W. Hsu, Board of Governors of the Federal Reserve System, and David A. Matsa, Northwestern University)

REGISTRATION: The conference is free of charge, but space is limited and registration is required. The registration deadline is Friday, September 20.

For your convenience, a block of hotel rooms has been reserved at the Omni Hotel. Reservations must be reserved by September 20 in order to guarantee a room. For details on how to book a room, see the conference website.

FURTHER INFORMATION: For questions and clarifications, please e-mail phil_pccp_2013@phil.frb.org

CONFERENCE ORGANIZERS: Mitchell Berlin, Ronel Elul, and Bob Hunt