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A General Equilibrium Model of Earnings, Income, and Wealth
Glawion, Rene; Puche, Marc; Haller, Frédéric - 2020
We develop a general equilibrium model of earnings, income and wealth heterogeneity in continuous time. We extend existing analytical and numerical methods to solve the model. We calibrate the model to U.S. data and find that stochastic interest rates provide a mechanism to link earnings, income...
Persistent link: https://www.econbiz.de/10012287868
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A general equilibrium model of earnings, income, and wealth
Glawion, René; Haller, Frédéric; Puche, Marc - 2020
We develop a general equilibrium model of earnings, income and wealth heterogeneity in continuous time. We extend existing analytical and numerical methods to solve the model. We calibrate the model to U.S. data and find that stochastic interest rates provide a mechanism to link earnings, income...
Persistent link: https://www.econbiz.de/10012426925
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OLG Life Cycle Model Transition Paths: Alternate Model Forecast Method
Evans, Richard W.; Phillips, Kerk L. - Department of Economics, Brigham Young University - 2012
The overlapping generations (OLG) model is an important framework for analyzing any type of question in which age cohorts are affected differently by exogenous shocks. However, as the dimensions and degree of heterogeneity in these models increase, the computational burden imposed by rational...
Persistent link: https://www.econbiz.de/10011273951
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OLG fife cycle model transition paths: alternate model forecast method
Evans, Richard W.; Phillips, Kerk L. - Volkswirtschaftliche Fakultät, … - 2010
The overlapping generations (OLG) model is an important framework for analyzing any type of question in which age cohorts are affected differently by exogenous shocks. However, as the dimensions and degree of heterogeneity in these models increase, the computational burden imposed by rational...
Persistent link: https://www.econbiz.de/10008531931
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Structural Estimation Combining Micro and Macro Data
Neri, Luca - 2021
structural models used in macroeconomics. The routine involves the estimation of dynamic moments over subgroups of the cross …-sectional dimension of agents. Micro moments differ from each other in the informative content that they carry for point estimation of the … relevant information for the correct estimation of the subjective discount rate. However, data from the cross section are not …
Persistent link: https://www.econbiz.de/10013214497
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Trade Liberalization and Income Distribution: A CGE Model for Jordan
Feraboli, Omar; Trimborn, Timo - 2009
The Association Agreement between Jordan and the EU entered into force in 2002. It provides a gradual reduction of import duties on EU products over a period of twelve years. In this paper we investigate the economic implications of induced trade liberalization on aggregate economic performance...
Persistent link: https://www.econbiz.de/10010301469
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Preferential vs. Full Trade Liberalisation: A Dynamic CGE Model with Heterogeneous Households for Jordan
Feraboli, Omar - 2011
This paper deals with the economic effects and the policy implications of trade liberalisation on the Jordanian economy, with emphasis on welfare, income distribution and real wages of heterogeneous households, by using a neoclassical dynamic computable general equilibrium (CGE) model....
Persistent link: https://www.econbiz.de/10010305634
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Poverty Effects of Expansion and Policies in Cotton Economies in Rural Mozambique : An Economy-wide Approach
Benfica, Rui S - 2019
This paper uses a Regional Computable General Equilibrium (CGE) model calibrated with a Social Accounting Matrix (SAM) for the Mozambique Zambezi Valley cotton concession sub-region to examine the economy-wide impacts and relative changes in the levels of income poverty of grower and non-grower...
Persistent link: https://www.econbiz.de/10012896411
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Computable General Equilibrium Micro-Simulation Analysis of the Impact of Trade Policies on Poverty in Zimbabwe
Chitiga, M. - 2014
The paper uses a micro-simulation computable general equilibrium (CGE) model to study the impact on poverty of trade liberalisation in Zimbabwe. The model incorporates 14006 households derived from the 1995 Poverty Assessment Study Survey (PASS). The novelty of this paper is that it is one among...
Persistent link: https://www.econbiz.de/10012709435
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Linking Representative Household Models with Household Surveys for Poverty Analysis : A Comparison of Alternative Methodologies
Agenor, Pierre-Richard - 2016
Agenor, Chen, and Grimm compare three approaches to linking macroeconomic models with representative households in terms of their implications for measuring the poverty and distributional effects of poverty reduction strategies. These approaches are a simple micro-accounting method, an extension...
Persistent link: https://www.econbiz.de/10012749458