WU Gutmann Center Symposium 2015

On Wednesday, August 19, 2015 WU Campus will host the one-day event, the WU Gutmann Center Symposium 2015 on Retirement and Asset Management.

Participants of the EFA 2015 are welcome to register for the event. For further information, visit the symposium website here.
 

Retirement and Asset Management

Concerns about financing pensions, retirement planning, demographics and the long-term performance of pension funds have existed even before the financial crisis. The current economic situation, as well as the short- to medium-term outlook have not alleviated these concerns. On the contrary, the retirement-related challenges for households, the investment industry and economies around the world are still a major subject of political, economic and scientific debate, and will remain a challenge for societies around the world in the coming years. 

The main purpose of the WU Gutmann Symposium 2015 is to discuss various aspects of retirement, in particular its implications and relevance for asset management. The papers of the symposium will focus on the following range of topics: the role of financial institutions, lifetime investment strategies, saving for future generations, the role of demographics, or financial literacy, and other aspects related to the general topic.
 

Registration

Registration is free of charge and can be done through WU Gutmann Center Symposium 2015 online conference system. A registration link is avaliable here.
Please note that you will need to create a new user account. The EFA 2015 and WU Gutmann Center Symposium 2015 are two separate events. Therefore, their ConfTool systems are not linked.
 

Program

For a preview of the symposium's program click here or see below.

08:30 - 09:00              Registration
09:00 - 09:15              Opening
09:15 - 10:45              Session 1

Pension Fund Asset Allocation and Liability Discount Rates
Andonov, Aleksandar; Bauer, Rob; Cremers, Martijn

Asset market participation and portfolio choice over the life-cycle
Fagereng, Andreas; Gottlieb, Charles; Guiso, Luigi

Made Poorer by Choice: Worker Outcomes in Social Security v. Private Retirement Accounts
Ahmed, Javed; Barber, Brad; Odean, Terrance

11:15 - 12:45              Session 2

Financial Sophistication and Portfolio Choice over the Life Cycle
Neumuller, Seth; Rothschild, Casey

The Display of Information and Household Investment Behavior
Shaton, Maya

Reverse Mortgages: What Homeowners (Don’t) Know and How it Matters
Davidoff, Thomas; Gerhard, Patrick; Post, Thomas

12:45 - 13:45              Lunch
13:45 - 15:15              Session 3

Housing Habits and their Implications for Life-Cycle Consumption and Investment
Kraft, Holger; Munk, Claus; Wagner, Sebastian

A Multivariate Model of Strategic Asset Allocation with Longevity Risk
Tebaldi, Claudio; Favero, Carlo; Bisetti, Emilio; Nocera, Giacomo

Taxable and Tax-Deferred Investing with the Limited Use of Losses
Fischer, Marcel; Gallmeyer, Michael

15:45 - 17:15              Session 4

Dash for Cash: Month-End Liquidity Needs and the Predictability of Stock Returns
Rinne, Kalle; Suominen, Matti; Vaittinen, Lauri

Price pressure from coordinated noise trading: Evidence from pension fund reallocations
Da, Zhi; Larrain, Borja; Sialm, Clemens; Tessada, Jose

Age of Decision: Pension Savings Withdrawal and Consumption and Debt Response
Agarwal, Sumit; Qian, Wenlan; Pan, Jessica

17:45 - 18:00             Refreshments