2:00-3:00     学术报告1
Paying for green: Tax credit and solar adoption
报告人：沈佳璐 复旦大学（40分钟）
评论人：魏泽新 中南财经政法大学（10分钟）
讨论（10分钟）

3:00-4:00     学术报告2
College affirmative action and students' outcomes: A matter of the dose
报告人：李　腾 中山大学（40分钟）
评论人：任　远 浙江大学（10分钟）
讨论（10分钟）

4:00-5:00     学术报告3
Labor mobility restrictions and the quality of financial services
报告人：牛　耕 西南财经大学（40分钟）
评论人：金　苗 中国人民大学（10分钟）
讨论（10分钟）

主持人：高明，北京大学经济学院长聘副教授。北京大学光华管理学院经济学学士和博士。研究方向为家庭金融、行为金融和投资学，研究成果发表于Journal of Financial Economics、Journal of Futures Markets和《经济研究》《金融研究》《管理世界》等学术期刊。

学术报告1
题目：Paying for green: Tax credit and solar adoption
作者：Dong Ho Kang (University of Cologne)
          Jialu Shen (Fudan University)
          Jingjing Sun (Birkbeck College)
摘要：Household adoption of green technologies increasingly plays a central role in the transition toward a low-carbon economy. Yet residential decarbonization requires substantial upfront investment, suggesting that adoption may depend not only on environmental preferences and policy incentives, but also on household balance sheets, housing wealth, and access to credit. We develop a heterogeneous-agent life-cycle model in which households jointly make housing, borrowing, portfolio, and residential solar adoption decisions. The framework incorporates household heterogeneity, mortgage debt, home equity borrowing, and solar financing to examine how financial constraints shape renewable energy investment. We use the model to evaluate the effects of tax credits on household welfare and equilibrium solar adoption. The results show that residential solar investment is fundamentally linked to household balance sheets and credit market conditions, implying that climate policy depends critically on financing conditions and housing wealth. By connecting household finance with residential decarbonization, the paper provides a unified framework for understanding how financial frictions shape the adoption of green durable investment.

报告人：沈佳璐，复旦大学国际金融学院副教授。英国帝国理工学院金融学博士。研究方向为家庭金融、资产定价、投资组合配置以及房地产金融，研究成果发表于Journal of Finance、Management Science等学术期刊。
评论人：魏泽新，中南财经政法大学讲师。中国人民大学经济学学士，北京大学经济学博士。研究方向为家庭金融、养老金融，着重于理论分析，研究成果发表于《中国社会科学（英文版）》《金融研究》等学术期刊。

学术报告2
题目：College affirmative action and students' outcomes: A matter of the dose
作者：Yi Chen (ShanghaiTech University)
          Chao Fu (University of Wisconsin-Madison)
          Hongbin Li (Stanford University)
          Teng Li (Sun Yat-sen University)
          Siyan Tang (Sun Yat-sen University)
摘要：Extensive discussion centers around the question of whether affirmative action (AA) in higher education "works," despite AA being in practice a continuous policy instrument. We study the dose effects of AA on its intended beneficiaries by exploiting the ethnic minority bonus-point policy in China's centralized college admissions system, where targeted students receive explicit point advantages. Exploring cohort-level fluctuations in exam score distributions that generate plausibly exogenous variation in the effective dose of AA, we show that higher AA doses increase recipients' admissions to colleges and elite colleges, but lower their academic rankings, shift them toward lower-earning majors, and reduce their satisfaction with college life. From data linking college entrance exam (CEE) records to comprehensive card transaction records 10–23 years after CEE, we find that low AA doses increase long-term consumption by 19% but high doses reduce it by 25%. Such non-monotonic dose responses exist across expenditure categories, including child-related expenditure, suggesting potential impacts on future generations. Heterogeneity analysis reveals that while the positive effects of low AA doses persist across student groups, students from stronger academic backgrounds are more resilient to the negative effects of high AA doses. Overall, our results suggest that careful calibration of AA policies is crucial for achieving their intended goals.

报告人：李腾，中山大学国际金融学院教授。新加坡国立大学经济学博士。研究方向为劳动与金融经济学，研究成果发表于Quarterly Journal of Economics、Journal of Financial Economics和《经济研究》《管理世界》等学术期刊。
评论人：任远，浙江大学经济学院百人计划研究员。新加坡国立大学金融系博士。研究领域为金融科技、家庭金融与行为金融，研究成果发表于Management Science、Journal of Development Economics、Review of Finance、Journal of Urban Economics和《经济研究》《经济学（季刊）》等学术期刊。

学术报告3
题目：Labor mobility restrictions and the quality of financial services
作者：Geng Niu (Southwestern University of Finance and Economics)
          Liuming Yang (Chinese University of Hongkong)
          Shan Tang (Wuhan University)
          Yang Zhou (Wuhan University)

摘要：The quality of financial services is central to household financial well-being and the effective functioning of financial markets. This paper examines how labor mobility restrictions affect financial service quality. Using state-level changes in the enforceability of non-compete agreements (NCAs) and consumer complaints filed with the Consumer Financial Protection Bureau from 2012 to 2019, we find that NCA enforceability significantly increases complaints against financial institutions. The effect is stronger in areas with greater worker mobility and more competitive banking markets. Further analyses show that NCA enforceability lowers labor mobility, wages, employment, and employee satisfaction in the banking sector. Overall, our findings suggest that the consequences of labor mobility restrictions extend beyond workers and firms to affect consumers.

报告人：牛耕，西南财经大学经济与管理研究院教授。荷兰蒂尔堡大学博士。研究方向为家庭金融、普惠金融、创新创业和数字经济，研究成果发表在Journal of Financial & Quantitative Analysis、Journal of International Business Studies、Journal of Banking & Finance、Demography和《金融研究》《世界经济》等学术期刊。
评论人：金苗，中国人民大学国家发展与战略研究院讲师。北京大学光华管理学院博士。研究领域为行为经济学和行为金融学，研究成果发表于Review of Economics and Statistics、Journal of Economic Behavior & Organization和《经济学（季刊）》等学术期刊。