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Most empirical studies of savings behaviour that explicitly take account of the influence of uncertainty consider for …
Persistent link: https://www.econbiz.de/10014156753
Programming ; Savings ; Labor Supply ; Pensions …
Persistent link: https://www.econbiz.de/10009260808
measured over appreciable periods of life motivates endogenous simulation of savings and labor supply decisions, taking …
Persistent link: https://www.econbiz.de/10013080420
This paper considers a general class of stochastic dynamic choice models with discrete and continuous decision variables. This class contains a variety of models that are useful for modeling intertemporal household decisions under risk. Our examples are drawn from the field of development...
Persistent link: https://www.econbiz.de/10011378329
This paper considers a general class of stochastic dynamic choice models with discrete and continuous decision variables. This class contains a variety of models that are useful for modeling intertemporal household decisions under risk. Our examples are drawn from the field of development...
Persistent link: https://www.econbiz.de/10014207021
simple precautionary savings analysis to more complex economic interactions and it builds the economic intuition for policy …
Persistent link: https://www.econbiz.de/10012597858
We evaluate the actual effectiveness of disincentives that have been introduced for early retirement in Germany. Therefore, we set up a detailed model of the German social security and tax system with special attention to the PAYG-pension system. Building on the fact that the institutional...
Persistent link: https://www.econbiz.de/10010486012
Persistent link: https://www.econbiz.de/10011539098
The purpose of this chapter is twofold: (1) to provide an accessible introduction to the methods of structural estimation of discrete choice dynamic programming (DCDP) models and (2) to survey the contributions of applications of these methods to substantive and policy issues in labor economics....
Persistent link: https://www.econbiz.de/10014025129
Persistent link: https://www.econbiz.de/10011539068