- Originally circulated with the title "Perceived Income Risks"
- Author: Tao Wang
- To download the entire working repo, go to the shell, navigate to the desirable locaiton, and type
git init
git clone https://github.com/iworld1991/PIR.git
.
- For the most recent draft, see here.
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Density estimation of the survey answers that draws from the general code DensityEst
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Income risks decomposition that draws on the income process class
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Micro empirical analysis on the cross-sectional heterogeneity of perceived risks (PR)
- Household wealth stats from SCF used for model comparison
- Parameters: stored as a dictionary, to be directly imported into model notebooks
- Calibration of the heterogeneous wage/unemployment risks from SCE
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Life-cycle consumption/saving model with permanent/persistent/transitory income risks
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Stationary distribution and GE of the life cycle economy (no aggregate risks)
- Markov regime switching model of subjective PR which draws from model class
- An extended life-cycle model with a Markov belief state
- An extended OLG-GE model with state-dependent beliefs of income risks