A structural dynamic microsimulation model of household savings and labour supply

被引:3
|
作者
van de Ven, Justin [1 ]
机构
[1] NIESR, London SW1P 3HE, England
基金
英国经济与社会研究理事会;
关键词
Dynamic programming; Savings; Labour supply; Taxes and benefits; LIFE-CYCLE; LIQUIDITY CONSTRAINTS; SOCIAL-SECURITY; HABIT FORMATION; CONSUMPTION; RETIREMENT; BEHAVIOR; INCOME; WEALTH; PUZZLE;
D O I
10.1016/j.econmod.2011.04.009
中图分类号
F [经济];
学科分类号
02 ;
摘要
A structural model of the household is described that represents current best-practice in the analysis of savings and labour supply responses to the policy environment. Care has been taken in specifying the model so that it represents an appropriate basis for the analysis of incentive effects to policy change, and for exploring the empirical support for alternative structural assumptions. Matching the model to survey data for the UK reveals some interesting puzzles in relation to the timing of retirement. (C) 2011 Elsevier B.V. All rights reserved.
引用
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页码:2054 / 2070
页数:17
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