Thursday, August 18, 2011, 2:00-3:45 pm; Household Finance
Financial Advisors - C3

Session Chair: Enrichetta Ravina, Columbia University

• Does Mandatory Loan Review Affect Mortgage Contract Choice and Performance? PDF
  Sumit Agarwal,¹ Gene Amromin,² Itzhak Ben-David,³ Souphala Chomsisengphet,⁴ Douglas Evanoff¹
  Federal Reserve Bank of Chicago;¹ Northwestern University;² The Ohio State University; ³ U.S. Office of the Comptroller of the Currency;⁴
  • Discussant: Philipp Schnabl, New York University

• Can Unbiased Financial Advice Steer Retail Investors Towards Efficient Portfolios? PDF
  Utpal Bhattacharya,¹ Andreas Hackethal,² Simon Kaesler,² Benjamin Loos,² Steffen Meyer²
  Indiana University¹; Goethe University Frankfurt²
  • Discussant: Artashes Karapetyan, Norges Bank

• Do Smarter Consumers Get Better Advice? An Analytical Framework and Evidence from German Private Pensions PDF
  Tabea Bucher-Koenen, Johannes Koenen
  University of Mannheim; University of Bonn
  • Discussant: Lucian Taylor, University of Pennsylvania