Access, Assets, and Poverty: The Role of Financial Services Among Low‐ and Moderate‐Income Households Sponsored by the National Poverty Center with funding from the Ford Foundation and from the Office of the Assistant Secretary for Planning and Evaluation, U.S. Department of Health and Human Services Thursday and Friday, October 11‐12, 2007 Georgetown University Conference Hotel 3800 Reservoir Road, NW, Washington, DC Thursday, October 11 9:30am Continental breakfast 10:00 Welcome Rebecca Blank, Gerald R. Ford School of Public Policy and Co‐director, NPC, University of Michigan Michael Barr, Law School, University of Michigan Melissa Pardue, Deputy Assistant Secretary, Office of Human Services Policy, U.S. Department of Health and Human Services, ASPE 10:15 “A Demographic Portrait of Asset‐holdings Among Low‐Income Families and Individuals.” John Karl Scholz, Department of Economics, University of Wisconsin‐Madison and Ananth Seshadri, Department of Economics, University of Wisconsin‐Madison Discussant: Jeffrey Liebman, Kennedy School of Government, Harvard University 11:15 “Financial Services Policy and Usage Among Low‐Income Households.” Michael Barr, Law School, University of Michigan Discussant: Ngina Chiteji, Howard University Institute on Race and Wealth and
Skidmore College 12:15 1:30 2:30 3:30 3:45 Lunch “Can Innovations in Financial Services Make Them More Widely Available to Low‐
Income Households?” Peter Tufano, Business School, Harvard University and Daniel Schneider, Department of Sociology, Princeton University Discussant: Jeffrey Kling, Brookings Institution “IDAs and Asset‐Building Strategies.” Michael Sherraden, George Warren Brown School of Social Work, Washington University Discussant: William Gale, Brookings Institution Break Panel Discussion: What should we be doing to expand financial services to lower‐income households? Speakers: Steve Brobeck, Consumer Federation of America Mark Willis, JPMorgan Chase Patience Singleton, House Committee on Financial Services Sheila Maith, Federal Reserve Board of Governors 5:00 Reception Friday, October 12 8:30am Continental Breakfast 9:00 “Savings Policy & Household Decision‐making in Low‐Income Households.” Sendhil Mullainathan, Department of Economics, Harvard University and Eldar Shafir, Department of Psychology, Princeton University Discussant: Christopher Carroll, Department of Economics, The Johns Hopkins University 10:00 “What Can We Learn about Financial Services for Low‐Income Populations from Developing Countries?” Jonathan Morduch, Robert F. Wagner Graduate School of Public Service, New York University and Daryl Collins, Robert F. Wagner Graduate School of Public Service, New York University Discussant: Dean Karlan, Department of Economics, Yale University 11:00 11:15 Break “Immigrants’ Access to Financial Services & Asset Accumulation.” Anna Paulson, Federal Reserve Bank of Chicago and Una Okonkwo Osili, Department of Economics, Indiana University‐Purdue University at Indianapolis Discussant: Catalina Amuedo‐Dorantes, Department of Economics, San Diego State University 12:15 Lunch & Keynote Speaker Sheila Bair, Chairman, Federal Deposit Insurance Corporation 1:30 “Homeownership: America’s Dream?” Raphael Bostic, School of Policy, Planning and Development, University of Southern California and KwanOk Lee, School of Policy, Planning, and Development, University of Southern California Discussant: Edgar Olsen, Department of Economics, University of Virginia 2:30 “Surveying the Risks of Credit Card Debt.” Ronald Mann, Columbia Law School Discussant: Adair Morse, University of Chicago 3:30 Final discussion: Key conclusions from the conference 4:00 Adjourn