European Conference on Household Finance 21./22.09.2012

The National Bureau of Economic Research (NBER), the Center for Financial Studies at Goethe University Frankfurt (CFS), and the Einaudi Institute for Economics and Finance (EIEF) are organizing a two-day Conference on Household Finance (21-22 September 2012) in conjunction with the Saïd Business School at the University of Oxford. The objective of the conference is to bring together researchers from the U.S. and Europe who are working in the area of household finance.

We define household finance broadly to include the many financial decisions made by households, including the financial functions of payments, saving and investing/portfolio-choice, borrowing/credit, and risk management. Households do not make their decisions in a vacuum, and so the field also encompasses the actions of businesses and government. Topics of interest include, but are not limited to:

  • International comparisons of household finances using micro-data
  • Household borrowing decisions, including decisions about debt in general and also specific types of credit, such as mortgages, credit cards, student loans, informal lending, peer to peer lending, etc.
  • Household saving and investing/portfolio-choice decisions, including both financial investments (ranging from short-term emergency savings to long-term retirement savings) and real investments (such as in housing and human capital)
  • Patterns of asset allocation and debt behavior over the life cycle
  • Household payment choices
  • Household consumption, spending, and budgeting
  • Consumer default and bankruptcy
  • Insurance and other forms of household risk management
  • The economics of household finance institutions/organizations   
  • Financial innovations in household finance
  • Laws, regulations, and public policies about household finance
  • Financial skills, capabilities, and financial education programs
  • Financial advice and legal protection of individual investors and borrowers
  • Behavioral approaches to household finance
  • Trust, subjective expectations, pessimism, and financial decisions
  • Genetic traits, cognitive abilities and individual financial performance

Conference Organizers

Luigi Guiso, Einaudi Institute for Economics and Finance and CEPR (
Michael Haliassos, Goethe University Frankfurt, CFS, and CEPR (
Tullio Jappelli, University of Naples Federico II, CSEF and CEPR (
Brigitte Madrian, Harvard Kennedy School and NBER (
Tarun Ramadorai, Saïd Business School, University of Oxford and CEPR (
Nicholas Souleles, The Wharton School, University of Pennsylvania and NBER (
Daniele Terlizzese, EIEF and Banca d’ Italia (
Peter Tufano, Saïd Business School, University of Oxford (

Conference Venue


If you are interested in presenting a paper, please upload a pdf file using the following website, no later than April 15, 2012. We prefer completed drafts, but abstracts will also be considered:

Authors chosen to present papers will be notified by June 1.

Conference Costs

The conference will cover travel and local expenses for one presenter for each paper and for discussants.

Coordination with Conference on Household Behaviour in Mortgage and Housing Markets: An International Perspective The Household Finance conference is scheduled to run the day after a related conference on international mortgage and housing markets also being held at the Saïd Business School on September 20, 2012.

Participants in the Household Finance conference are welcome to come a day early and attend the international mortgage and housing markets conference. Please indicate with your submission whether you would be interested in attending this conference.


If you have any administrative questions about the conference, please contact Please direct other questions to the organizers.