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Exploiting Symmetry in High-Dimensional Dynamic Programming
Kahou, Mahdi Ebrahimi; Fernández-Villaverde, Jesús; … - 2021
We propose a new method for solving high-dimensional dynamic programming problems and recursive competitive equilibria with a large (but finite) number of heterogeneous agents using deep learning. The „curse of dimensionality“ is avoided due to four complementary techniques: (1) exploiting...
Persistent link: https://www.econbiz.de/10012599248
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Pricing Climate Risk
Jensen, Svenn; Traeger, Christian P.; Träger, Christian - 2021
simple precautionary savings analysis to more complex economic interactions and it builds the economic intuition for policy …
Persistent link: https://www.econbiz.de/10012657902
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Exploiting Symmetry in High-Dimensional Dynamic Programming
Kahou, Mahdi Ebrahimi; Fernández-Villaverde, Jesús; … - 2021
We propose a new method for solving high-dimensional dynamic programming problems and recursive competitive equilibria with a large (but finite) number of heterogeneous agents using deep learning. The „curse of dimensionality“ is avoided due to four complementary techniques: (1) exploiting...
Persistent link: https://www.econbiz.de/10013221172
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Dynamic Programming on a Quantum Annealer : Solving the RBC Model
Fernández-Villaverde, Jesús; Hull, Isaiah - 2023
We introduce a novel approach to solving dynamic programming problems, such as those in many economic models, on a quantum annealer, a specialized device that performs combinatorial optimization. Quantum annealers attempt to solve an NP-hard problem by starting in a quantum superposition of all...
Persistent link: https://www.econbiz.de/10014347831
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Labor income taxation, human capital and growth: the role of child care
Casarico, Alessandra; Sommacal, Alessandro - 2008
This paper studies the implications of introducing child care in the human capital production function when assessing the effects of labor income taxation on growth. We develop an OLG model where formal schooling and child care enter the human capital production function as complements and we...
Persistent link: https://www.econbiz.de/10010264409
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Reducing the excess burden of subsidizing the stork: joint taxation, individual taxation, and family tax splitting
Meier, Volker; Wrede, Matthias - 2008
Analyzing a homogenous household setting with endogenous fertility and endogenous labor supply, we demonstrate that moving from joint taxation to individual taxation and adapting child benefits so as to keep fertility constant entails a Pareto improvement. The change is associated with an...
Persistent link: https://www.econbiz.de/10010264495
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Inheritance Taxation and Wealth Effects on the Labor Supply of Heirs
Kindermann, Fabian - 2019
The taxation of bequests can have a positive impact on the labor supply of heirs through wealth effects. This leads to an increase in future labor income tax revenue on top of direct bequest tax revenue. We first show in a theoretical model that a simple back-of-the-envelope calculation, based...
Persistent link: https://www.econbiz.de/10012892312
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Pension Information and Women's Awareness
Angelici, Marta; Del Boca, Daniela; Oggero, Noemi; … - 2020
were interviewed to assess their knowledge about pensions and financial issues and about their own savings and personal …
Persistent link: https://www.econbiz.de/10012314850
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Nursing Home Aversion Post-Pandemic: Implications for Savings and Long-Term Care Policy
Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; … - 2021
implications for savings and long-term care policies. We first develop a theoretical model predicting that higher nursing home … aversion should induce higher savings and stronger support for policies subsidizing home care. We further document, based on a … likely to have higher intended savings for older age because of the pandemic. We also find that they are more likely to …
Persistent link: https://www.econbiz.de/10012658001
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How Do Taxpayers Respond to Tax Subsidy for Long-Term Savings? Evidence from Thailand's Tax Return Data
Muthitacharoen, Athiphat; Burong, Trongwut - 2021
individuals respond to tax subsidy for long-term savings. We utilize the 2013 tax reform that lowered the price subsidy for long …-term savings in order to obtain causal identification. Our difference-in-difference analysis illustrates that there is a …
Persistent link: https://www.econbiz.de/10013244243