2:30-3:30     学术报告1
Household decisions under pollution-induced health risk
报告人：张亚佩 上海科技大学（40分钟）
评论人：张  宇 北京大学（10分钟）
讨论（10分钟）

3:30-4:30     学术报告2
Regional power: Consumption responses to local dishonest judgment debtors
报告人：贺  佳 南开大学（40分钟）
评论人：向昊天 北京大学（10分钟）
讨论（10分钟）

4:30-5:30     学术报告3
Scared away: Credit demand response to expected motherhood penalty in the labor market
报告人：林星辰 香港中文大学（40分钟）
评论人：王耀璟 北京大学（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，普林斯顿大学访问学者。他的研究方向是家庭金融、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》《管理世界》等学术期刊。

学术报告1
题目：Household decisions under pollution-induced health risk
作者：Hanming Fang (University of Pennsylvania)
          Qian Li (University of Southampton)
          Yapei Zhang (ShanghaiTech University)
摘要：Air pollution has a large detrimental effect on human health. Pollution-induced health risk incentivizes households to adjust their life-cycle consumption-saving decision. Using the Chinese Household Finance Survey data, we provide causal evidence that households facing high air pollution consume less but increase the proportion of safe asset. They also invest more in health and exhibit higher demand for insurance. We quantify the welfare cost of the air pollution-related health hazard using a stochastic dynamic overlapping generation model with endogenous health accumulation in a partial equilibrium framework. Our numerical results show that facing air pollution-induced multi-dimensional health hazard, consumption declines due to the crowding out effect of higher health investment and the fall in labor productivity. The overall welfare loss is around 20% in terms of consumption equivalence, over 85% of which is attributed to the more persistent health shock at polluted region.

报告人：张亚佩，上海科技大学创业与管理学院助理教授。她分别于巴黎高等商学院和巴黎综合理工学院取得金融学博士和硕士学位，研究领域是家庭金融、创业金融和资产管理，研究成果发表于Journal of Finance、Critical Finance Review等学术期刊。
论人：张宇，北京大学光华管理学院副教授。他分别于普林斯顿大学和清华大学取得经济学博士和学士学位，研究兴趣为家庭金融、宏观金融、金融科技、供应链与金融等，研究成果发表于Review of Financial Studies、Review of Economics and Statistics等学术期刊。

学术报告2
题目：Regional power: Consumption responses to local dishonest judgment debtors
作者：Sumit Agarwal (National University of Singapore)
          Quanlin Gu (Central University of Finance and Economics)
          Jia He (Nankai University)
          Yixin Zhang (Nankai University)
摘要：Using transaction level credit card spending from a leading Chinese commercial bank, we show that consumers reduce their consumption by 10.39% when the number of local dishonest judgment debtors increases by one percentage point. The consumption response i s spatially highly concentrated, immediate, and not persistent. Additionally, our findings cannot be explained by changes in personal background risks and macroeconomic status. Rather than a decrease in credit supply, we find that the number of local disho nest judgment debtors triggers an active downward adjustment in consumption through a decrease in credit demand. To address endogeneity concerns, we perform a difference in difference analysis.

报告人：贺佳，南开大学金融学院教授。她分别于新加坡国立大学和南开大学取得经济学博士和学士学位，研究领域为房地产金融、家庭金融、消费金融，研究成果发表于Journal of Financial Economics、Review of Financial Studies、 Management Science等学术期刊。
评论人：向昊天，北京大学光华管理学院助理教授。他分别于宾夕法尼亚大学沃顿商学院和北京大学光华管理学院取得金融学博士和学士学位，研究方向为债务问题、金融监管、ESG投资和加密资产，研究成果发表于Management Science、Journal of Economic Theory和《经济学（季刊）》等学术期刊。

学术报告3
题目：Scared away: Credit demand response to expected motherhood penalty in the labor market
作者：Darwin Choi (The Chinese University of Hong Kong)
          Zhenyu Gao (The Chinese University of Hong Kong)
          Singsen Lam (The Chinese University of Hong Kong)
          Tian Li (TCL Corporate Research, HK)
          Wenlan Qian (National University of Singapore)
摘要：We exploit a policy reform that exogenously deteriorates mothers' job prospects. China switched from a one-child policy to two-child in 2016, which increased female workers' childbearing and caring responsibilities. Using a leading peer-to-peer lending platform targeting college students in China, we find that loan applications from female college students decrease by 15.6% relative to male students after the reform. The drop suggests that female students can anticipate the poorer future job prospects; they reduce their expenditure and invest less in human capital accordingly. Applications for long-term and large-amount loans and loans for human capital investment purposes experience the largest decline. We also find that loan applications decrease after provincial governments' staggered extension of maternity leaves and that the decrease is more prominent when the expected motherhood penalty is greater. The results are unlikely driven by credit supply channels.

报告人：林星辰（Singsen Lam），香港中文大学商学院博士候选人，即将于今年秋季作为助理教授加入中山大学岭南学院。他于北京大学经济学院取得经济学学士学位，研究方向为家庭金融，特别关注人口、社会和气候问题带来的不确定性对个人和家庭金融决策的影响。
评论人：王耀璟，北京大学经济学院助理教授。她先后于香港大学取得数学学士学位，于美国得克萨斯农工大学取得经济学博士学位。研究领域为劳动经济学、教育经济学和公共经济学，多项研究成果发表于Journal of Labor Economics等学术期刊。