Search Results - subject:"Dynamic programming"

United States Current Account Deficits : A Stochastic Optimal Control Analysis

Stein, Jerome L. - 2021

-temporal optimization using Dynamic Programming, because the shocks are unpredictable, and it is essential to have a feedback control …

Persistent link: https://www.econbiz.de/10013317398

A Structural Analysis of the Correlated Random Coefficient Wage Regression Model with an Application to the Ols-Iv Puzzle

Belzil, Christian; Hansen, Jörgen - 2021

We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function … experiments. We show that the estimates of the dynamic programming model with a rich heterogeneity specification, along with … matter what. The structural dynamic programming model with multi-dimensional heterogeneity is therefore capable of explaining …

Persistent link: https://www.econbiz.de/10013318534

A Life-Cycle Model of Outmigration and Economic Assimilation of Immigrants in Germany

Bellemare, Charles - 2021

This paper estimates a structural dynamic life-cycle model of outmigration where, in each period, immigrants choose whether to work in the host country, not to work but remain in the host country, or outmigrate. The model incorporates several features of existing life-cycle theories of...

Persistent link: https://www.econbiz.de/10013319507

Structural Estimates of the Intergenerational Education Correlation

Belzil, Christian; Hansen, Jörgen - 2021

Using a structural dynamic programming model, we investigate the relative importance of family background variables and …

Persistent link: https://www.econbiz.de/10013319577

Dynamic Modeling of the Ssdi Application Timing Decision : The Importance of Policy Variables

Burkhauser, Richard V.; Butler, John S.; Gumus, Gulcin - 2021

This paper analyzes the importance of policy variables in the context of Social Security Disability Insurance (SSDI) application timing decision. Previously, we explicitly modeled the optimal timing of SSDI application using dynamic structural models. We estimated these models using data from...

Persistent link: https://www.econbiz.de/10013319625

Earnings Dispersion, Risk Aversion and Education

Belzil, Christian; Hansen, Jörgen - 2021

We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred …

Persistent link: https://www.econbiz.de/10013320490

A Structural Analysis of the Correlated Random Coefficient Wage Regression Model

Belzil, Christian; Hansen, Jörgen - 2021

We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function …

Persistent link: https://www.econbiz.de/10013320491

Unobserved Ability and the Return to Schooling

Belzil, Christian; Hansen, Jörgen - 2021

We estimate a structural dynamic programming model of schooling decisions with unobserved heterogeneity in school …

Persistent link: https://www.econbiz.de/10013320494

Preserving the Ocean Circulation : Implications for Climate Policy

Keller, Klaus; Tan, Kelvin; Morel, François; Bradford, … - 2021

Climate modelers have recognized the possibility of abrupt climate changes caused by a reorganization of the North Atlantic's current pattern (technically known as a thermohaline circulation collapse). This circulation system now warms north-western Europe and transports carbon dioxide to the...

Persistent link: https://www.econbiz.de/10013320943

Heterogeneous Returns to Human Capital and Dynamic Self-Selection

Belzil, Christian; Hansen, Jörgen - 2021

We estimate a structural dynamic programming model of schooling decisions and obtain individual specific estimates of …

Persistent link: https://www.econbiz.de/10013321010