APFEI 2022

The sharp rise in inflation affects every household and highlights the importance of personal financial literacy and education. SMU will host the Asia Pacific Financial Education Institute (APFEI) on 17-18 November which will feature new academic research in this emerging field. The papers will cover topics like Financial Education and Spillover Effects, Retirement Planning Tools, Financial Literacy in Housing Markets, Fintech Nudges including Overspending Messages, Retirement Savings Behaviour in Thailand, and Sustainable Finance Literacy.

This is also the first APFEI conference under the “G53 Financial Literacy and Personal Finance Research Network” – a network which connects top scholars around the world to facilitate the exchange of ideas, promote evidence-based research, and meet the growing urgency for data-driven solutions. The G53 Network is powered by the Global Financial Literacy Excellence Center at the George Washington University School of Business, the Sim Kee Boon Institute for Financial Economics at the SMU, and Next Gen Personal Finance. There will also be panels with personal finance practitioners, including one organised by the Money Awareness and Inclusion Awards (MAIA), which celebrates the work being done to help people understand money better, and benefit from the financial system.

Catch up on last year's Asia Pacific Financial Education Institute here.

 

Date & Time:
November 17-18, 2022

Format: 
Hybrid 

In-Person Venue:
Singapore Management University
55 Armenian Street, Singapore 179943
School of Law Building, Seminar Room 2.11

Programme & Resources:

THURSDAY, NOVEMBER 17
(Singapore Time / GMT+8)

8:30 am –9:00 am

Registration and Breakfast 
Note: For in-person attendees only.

9:00 am –9:15 am

Welcome & Introductory Remarks 
Dave Fernandez  Dave Fernandez (Sim Kee Boon Institute)

Annamaria Lusardi  Annamaria Lusardi (Global Financial Literacy Excellence Center)

9:15 am –10:30 am

Session 1
charles Horioka  Session Chair: Charles Horioka (Kobe University)

Retirement Savings Adequacy in U.S. Defined Contribution Plans [Slides|Paper]
Enrichetta-Ravina  Enrichetta Ravina (Federal Reserve Bank of Chicago)

 Are Retirement Planning Tools Substitutes or Complements to Financial Capability? [Slides]
Jiusi Xiao  Jiusi Xiao (Claremont Graduate University)

10:30 am –  11:15 am

Keynote 1: New Frontiers of Robo-Advising: Consumption, Saving, Debt Management, and Taxes [Slides]
alberto rossi  Alberto Rossi (Georgetown University)

11:15 am – 11:30 am

Break

11:30 am – 12:45 pm

Session 2
Annamaria Lusardi  Session Chair: Annamaria Lusardi (George Washington University)

Missing the Target? Retirement Expectations and Target Date Funds [Slides]
Byeong-Je An  Byeong-Je An (Nanyang Technological University)

Good Intentions, Financial Literacy, and Retirement Savings Behaviours in the Time of COVID-19: Evidence from Thailand
Paul Gerrans  Paul Gerrans (The University of Western Australia)

12:45 pm – 2:00 pm

Lunch
Note: For in-person attendees only.

2:00 pm –  3:15 pm

Session 3
alberto rossi  Session Chair: Alberto Rossi (Georgetown University)

Private Digital Cryptoassets as Investment? Bitcoin Ownership and Usage in Canada, 2016-2021 [Paper]
Daniela Balutel  Daniela Balutel (York University)

Fintech Nudges: Overspending Messages and Personal Finance Management [Paper]
Sung Kwan Lee  Sung Kwan Lee (Chinese University of Hong Kong, Shenzhen)

3:15 pm – 4:30 pm

Session 4
Shizuka Sekita  Session Chair: Shizuka Sekita (Kyoto Sangyo University)

Financial Education and Spillover Effects [Slides|Paper]
Andreas Milidonis  Andreas Milidonis (University of Cyprus)

Sustainable Finance Literacy and the Determinants of Sustainable Investing [Slides|Paper]
Tobias  Tobias Wekhof (ETH Zurich)

4:30 pm –4:40 pm

Closing Remarks
Annamaria Lusardi  Annamaria Lusardi (Global Financial Literacy Excellence Center)

FRIDAY, NOVEMBER 18
(Singapore Time / GMT+8)

8:30 am – 9:00 am

Registration and Breakfast
Note: For in-person attendees only.

9:00 am – 9:05 am

Welcome Remarks
Dave Fernandez  Dave Fernandez (Director, Sim Kee Boon Institute)

9:05 am – 10:15 am

Panel 1: Financial Education Practitioners
michael gilmore  Moderator: Michael Gilmore (Founder, MAIAs)

Rosalia gaitu  Rosalia Gitau (CEO, Bixie)

Maria Hoyos Maria Hoyos (Co-Founder, GoNsave)

Tiffany  Tiffany Liu (Co-Founder, Gen Z Group)

10:15 am – 10:30 am

Break 

10:30 am – 11:30 am

Panel 2: Financial Education Policymakers

dame diana crosson  Moderator: Dame Diana Crossan (Chair, GFLEC Advisory Council) 

Annamaria Lusardi  Annamaria Lusardi (Acadmeic Director, Global Financial Literacy Excellence Center)

Don Nakornthab  Don Nakornthab (Senior Director, Bank of Thailand) 

11:30 pm – 12:30 pm

Panel 3: Financial Education Academics

 Dave Fernandez  Moderator: Dave Fernandez (Professor of Finance (Practice), Singapore Management University)

 alberto rossi  Alberto Rossi (Professor of Finance, Georgetown University)

Annamaria Lusardi  Annamaria Lusardi (University Professor of Economics & Accountancy, George Washington University)

Joanne-Yoong  Joanne Yoong (Visiting Scholar, Singapore Management University)

12:30 pm – 12:35 pm

Closing Remarks

12:35 pm – 1:30 pm

Lunch
Note: For in-person attendees only.

 

 

Photos from APFEI Day 1:

Photos from APFEI Day 2:


About APFEI
The Asia Pacific Financial Education Institute (APFEI) is a forum for the presentation and discussion of financial education research. Its purpose is to promote excellent work in this field, foster research that can inform policy, and identify effective financial education programs. This is the first APFEI conference under the G53 Financial Literacy and Personal Finance Research Network – a network which connects top scholars around the world to facilitate the exchange of ideas, promote evidence-based research, and meet the growing urgency for data-driven solutions.
The Asia Pacific Financial Education Institute will be co-hosted by the Sim Kee Boon Institute for Financial Economics (SKBI) at the Singapore Management University, directed by Dave Fernandez, and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University, directed by Annamaria Lusardi. The Institute is modelled after GFLEC’s Cherry Blossom Financial Education Institute held in Washington, D.C. every April. The research committee for the Asia Pacific Institute consists of Dave Fernandez, Annamaria Lusardi, Alberto Rossi (Georgetown University), and Michael Staten (University of Arizona).

SUBSCRIBE TO SKBI MAILING LIST*

Be alerted on SKBI news and forthcoming events.

Newsletter checkboxes

*Please note that upon providing your consent to receive marketing communications from SMU SKBI, you may withdraw your consent, at any point in time, by sending your request to skbi_enquiries [at] smu.edu.sg (subject: Withdrawal%20consent%20to%20receive%20marketing%20communications%20from%20SMU) . Upon receipt of your withdrawal request, you will cease receiving any marketing communications from SMU SKBI, within 30 (thirty) days of such a request.