IEEF - Workshop Series

WORKSHOP SERIES

The IEEF organizes a biennial international conference, the Turin Workshop on Financial Literacy.The initiative aims to bring together researchers from different countries who are investigating new challenges of financial literacy from both the individual and the aggregate perspective.

The 2025 workshop will take place at the historic Castello del Valentino and will be dedicated to exploring the role of economic and financial education in guiding informed choices in both personal and social spheres. A particular focus will be placed on its implications for financial and overall well-being. We are pleased to announce the participation of several distinguished experts including Adele Atkinson (Keynote Speaker), Susan Thorpe, Giovanna Nicodano, Margherita Borella, Martin Brown, and Giuseppe Bertola.

Further details on the agenda and are be available below.

2025 WORKSHOP

SECOND TURIN WORKSHOP ON FINANCIAL LITERACY 2025
Financial literacy and Pathways to Achieving Financial Wellbeing

Organized by the Department of Economics and Statistics “Cognetti de Martiis”, Università di Torino, and by the Department of Management and Production Engineering, Politecnico di Torino. Organizers: Anna Lo Prete, Università di Torino, Riccardo Calcagno, Politecnico di Torino.

PROGRAMME

Thursday, September 25, 2025

13:30 - 14:00 Registration

14:00 - 14:20 Welcome Address by the Organizers and Institutional Greetings
Elisabetta Ottoz, University of Turin
Maurizio Galetto, Polytechnic University of Turin

14:20 - 16:05 Session 1: Households and Financial Behavior: Work, Savings, and Risk
Tabea Bucher-Koenen, University of Mannheim: “Households’ risk perceptions, overplacement, and financial literacy”
Discussant: Giovanna Nicodano, University of Turin
Margherita Borella, University of Turin, “Why Do Households Save and Work?”
Discussant: Giuseppe Bertola, University of Turin
Susan Thorp, University of Sydney: “The big picture: The impact of feedback and projections on retirement plan saving and investment”
Discussant: Martin Brown, University of St. Gallen

16:05 - 16:35 Coffee Break

16:35 - 17:35 Keynote Address
Chair: Anna Lo Prete, University of Turin
Adele Atkinson, University of Birmingham, “Insights from financial inclusion and financial well-being research, and their implications for financial education”

17:35 - 18:45 Session 2: Financial Literacy and Behaviour Across Different Contexts
Margarita Machelett, Bank of Spain: “Gender gaps in financial literacy: a multi-arm RCT to break response bias in surveys”
Discussant: Dalit Contini, University of Turin
Daniela Marconi, Bank of Italy: “The twin transition in consumption and investment choices in Europe: does financial literacy matter?”
Discussant: Riccardo Calcagno, Polytechnic University of Turin

End of Day 1

Friday, September 26, 2025

8:40 - 9:00 Check-in

9:00 - 10:10 Session 3: Investors’ and entrepreneurs’ financial literacy
Anita Quas, University of Milan: “Ask an expert and you shall receive? Financial literacy, advice seeking and MSMEs access to credit”
Discussant: Germana Giombini, University of Urbino
Kenneth De Beckker, KU Leuven: “Investment Criteria of Mutual Fund Investors: How Financial Literacy Shapes Investment Choices”
Discussant: Emilio Barucci, Polytechnic University of Milan

10:10 - 10:40 Coffee Break

10:40 - 11:50 Session 3: Values, Trust, and Financial Behavior
Rosaria Simone, University of Naples Federico II: “Modeling triadic ratings on money values and life attitude: evidence from Italian families”
Discussant: Alessandra Canepa, University of Turin
Maya Haran Rosen, Bank of Israel: “Trust, Financial Literacy, and Financial Behavior: Building Retirement Security”
Discussant: Raquel Fonseca, Université du Quebec à Montreal

11:50 – 13:00 Session 4: New measures of financial wellbeing
Alessia Sconti, University of Bergamo: “A New Comprehensive Financial Wellbeing Measure: Evidence from the U.S.”
Discussant: Luc Arrondel, Paris School of Economics
Gentiana Sadikaj, Financial Consumer Agency of Canada: “Constructing a Financial Resilience Index: From Conceptual Foundations to Empirical Evidence”
Discussant: Anna Lo Prete, University of Turin

Closing Remarks

End of Day

PreVIOUS WORKSHOPS

FIRST TURIN WORKSHOP ON FINANCIAL LITERACY 2023
Financial education: From better personal finance to improved citizenship

Organized by the Department of Economics and Statistics “Cognetti de Martiis”, Università di Torino, the Department of Management and Production Engineering, Politecnico di Torino, and CeRP-Fondazione Collegio Carlo Alberto. Local organizers: Anna Lo Prete, Università di Torino, Riccardo Calcagno, Politecnico di Torino, Elsa Fornero, CeRP-CCA

.PROGRAMME

Wednesday, November 15, 2023

12:00 - 13:45 Registration and Lunch

13:45 - 14:00 Opening Remarks: Riccardo Calcagno, Polytechnic University of Torino; Anna Lo Prete, University of Torino

14:00 - 15:30 Session 1: Policy interventions in financial education
Session Chair: Joachim Winter, LMU München
Carly Urban, Montana State University: “Does State-Mandated Financial Education Affect Financial Well-being?”
Tim Kaiser, University of Kaiserslautern-Landau (RPTU): “Is Patience Malleable via Educational Intervention? Evidence on the Role of Age in Field Experiments”
Alessia Sconti, University of Kaiserslautern-Landau (RPTU): “Evaluating a Financial Education National Campaign: Experimental Evidence from Italy”

15:30 - 16:00 Coffee Break

16:00 – 17:30 Session 2: Beliefs, confidence, competence

Session Chair: Giovanna Nicodano, University of Torino
Melanie Lührmann, Royal Holloway - University of London: “The Formation of Subjective House Price Expectations”
Carmela Aprea, University of Mannheim: “Development and validation of a test instrument measuring the understanding of pension systems”
Tabea Bucher-Koenen, University of Mannheim: “Beyond knowledge: Confidence and the Gender Gap in Financial Literacy”

17:30 – 18:30 Keynote Address
Chair: Elsa Fornero, Scientific Coordinator CeRP-CCA
Annamaria Lusardi, Stanford Institute for Economic Policy Research (SIEPR): “Financial literacy gaps and inflation: Evidence from seven years of personal finance data”

End of Day 1

Thursday, November 16, 2023

9:00 - 10:30 Session 3: Lessons from the COVID-19 pandemic
Session Chair: Rob Alessie, Rijksuniversiteit Groningen
Luc Arrondel, Paris School of Economics: “Savers' preferences and beliefs during covid pandemic”
Marianna Brunetti, University of Roma “Tor Vergata”: “In dire straits ask for counseling: Covid-19 income shock and financial professional advice”
Anna Lo Prete, University of Torino: “Financial literacy and risk protection during the Covid-19 pandemic”

10:30 - 10:45 Coffee Break

10:45 - 11:45 Session 4: Financial literacy of entrepreneurs

Session Chair: Giuseppe Bertola, University of Torino
Anita Quas, University of Milano Statale: “Financial literacy of microentrepreneurs and access to credit”
Noemi Oggero, University of Torino: “Financial knowledge and career aspirations among the young: a route to entrepreneurship”

11:45 - 12:45 Session 5: Macroeconomic effects of financial literacy
Session Chair: Margherita Borella, University of Torino
Riccardo Calcagno, Polytechnic University of Torino: “Financial literacy, human capital and long-run economic growth”
Raffaele Corvino, University of Torino: “Skills, Education and Wealth Inequality”

12:45 - 12:50 Closing Remarks

End of Day 2

12:50 - 14:20 Lunch