Publication type
Journal Article
Authors
Publication date
June 1, 2004
Abstract:
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.
Published in
National Institute Economic Review
Volume
Volume: 188 (Apr):56-72
Subjects
Notes
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