Simulating Household Savings and Labour Supply: an Application of Dynamic Programming
Simulating Household Savings and Labour Supply: an Application of Dynamic Programming
复制标题
模拟家庭储蓄和劳动力供应：动态规划的应用
DOI：
10.1177/00279501041881005
复制
发表时间：
2004
影响因子：
2.1
通讯作者：
Justin van de Ven
中科院分区：
文献类型：
--
作者：
J. Sefton;Justin van de Ven
本文描述了国家研究所最近开发的完全行为微观模拟模型，用于考虑对家庭储蓄和劳动力供应的养老金政策变化的反应。该模型通过解决模拟生命周期内的动态规划问题，生成有关劳动/休闲和消费/储蓄的家庭决策。该分析框架包含一定程度的复杂性，而这种复杂性通常在文献中常见的计量经济学分析中被省略。
This paper describes a fully behavioural microsimulation model that has recently been developed at the National Institute for considering responses to changes in pension policy of household savings and labour supply. The model generates household decisions regarding labour/leisure, and consumption/savings by solving a dynamic programming problem over the simulated lifetime. This analytical framework incorporates a degree of complexity that is usually omitted from econometric analyses that are common in the literature.