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This appendix of our paper, "Demographic Change, Human Capital and Welfare", contains further material that could not be included in the paper due to space limitations. It is organized as follows. Section A contains the formal equilibrium definition. Section B provides more results on the fit of...
Persistent link: https://www.econbiz.de/10009291625
Online appendices for the Review of Economic Dynamics article
Persistent link: https://www.econbiz.de/10009395585
In this appendix, we present the details of the extended model with debt in our paper "Transitional Dynamics of Dividend and Capital Gains Tax Cuts." Section 1 presents the extended model and results. Section 2 presents the numerical algorithm to solve this model. Section 3 presents an...
Persistent link: https://www.econbiz.de/10008460619
Data for the article, in Excel format.
Persistent link: https://www.econbiz.de/10004991313
This appendix presents several robustness experiments, carried on actual and simulated data.
Persistent link: https://www.econbiz.de/10004976616
These notes cover: Derivation of the objective function of the Dynastic Problem, Characterization of the competitive equilibrium, Sequential Problem (SP) whose solution corresponds to the competitive equilibrium allocation, Limiting behavior of the equilibrium time paths, Calibration as a...
Persistent link: https://www.econbiz.de/10004976617
This appendix provides simulation results for consumption, invest- ment and hours series for the "full model" discussed in the paper. The graphs also plot the relevant data for the US.
Persistent link: https://www.econbiz.de/10004976618
Post-retirement, the model in the main text (published in the Review of Economic Dynamics) reduces to the Merton (1969) problem, which has of course an exact solution. Pre-retirement, however, the agent holds an American option, namely, retire now or keep working. Problems involving American...
Persistent link: https://www.econbiz.de/10004977902
This appendix contains the original data, constructed data, and full documentation for "Are Shocks to the Terms of Trade Shocks to Productivity?" by Timothy J. Kehoe and Kim J. Ruhl.
Persistent link: https://www.econbiz.de/10004977903
This appendix details the derivation of a number of results reported in "The Equivalence of Wage and Price Staggering in Monetary Business Cycle Models," which appears in the Review of Economic Dynamics.
Persistent link: https://www.econbiz.de/10005090716