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analyzing labour supply elderly people life cycle approach pdf
... , resulting in optimal choices of leisure, labour supply and consumption. in addition, the model contains the opportunity to impose a borrowing contraint. the time constraint reads vt +lt + ... of bequests among housholds. 22 3.3 institutions to analyse the retirement behaviour, the model contains several institutional arrangements, including the pension system and the tax system. the pension ...
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analyzing macro economic impact child care subsidies age approach pdf
... child care, cpb's applied general equilibrium model mimic is used. this model contains a highly disaggregated household model describing labor supply of households. the model of the market for child care in ... changes in human capital as a result of changes in labor supply, mimic contains a separate intertemporal model (see de mooij, 1997) to describe the time spent on training activities ...
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bijz8.pdf
... to its capital 1 box 2.1 in chapter 2 contains a number of definitions of key concepts. 4 1 ... the dutch delta model. the delta model is said to combine the positive features of the anglo-american model and the ... model only fits a relatively small homogeneous society. since the netherlands just as frequently has been pictured as one of the bundeslaender, the question arises whether the model contains ...
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analyzing fiscal policy netherlands simulations revised mimic pdf
... macro-econometric model contains only one income-tax variable. hence, the model is unable to give a proper answer to questions posed above. indeed, these questions require a model with a detailed ... . hamermesh, 1993). in contrast, the new model contains estimated parameters in the production function (draper and manders, 1996). second, the parameters of the wage model of old mimic are calibrated on ...
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N:\publicaties\...\cpbdoc30.wp [PFP#531103649]
... of safe. mimic is an applied general equilibrium model meant for long term analyses. it is calibrated to have reasonable long run properties, but contains virtually no dynamics. jade is used to ... value added and consumer prices influence wages. in addition to the private sector, the model contains a detailed model of the public sector. the receipts and expenditures of the public sector include many ...
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safe quarterly model dutch economy short term analyses pdf
... a large-scale econometric model (section 1.1). this introductory chapter also contains a broad description of the model (section 1.2) and deals with a number of model specification aspects ( ... addition, the model contains 195 rules of thumb relating, among other things, to institution-driven equations, depreciation and household wealth. by far the most (1693) equations in the model consist of ...
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Athena
... projects and environmental issues. these types of applications impose strong requirements on the model. the model should be dynamically stable, i.e. it should possess well-defined long ... of production. the functional form of px contains information about the separability structure and substitution elasticities of the production process. the model distinguishes between the production factors capital, ...
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macroeconomic resilience dsge model pdf
... responses, denotes dsge model responses and v denotes a diagonal matrix of sample variances of the . 4.6 discussion - using a closed economy model the model we have described here contains no foreign variables and no exchange rates it is a closed economy model. it may seem strange for modellers ...
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tax policy and labor market sensitivity analysis age model pdf
... the appendix, which contains the difference matrices (with their entries rounded to one decimal) of all model variants. the subsections 4.2-5 discuss the difference matrices of the alternative model versions. ... not be complete if it did not vary the wage equation. mimic contains a structural bargaining model that implies an exactly identified wage equation which has been estimated on macroeconomic ...
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worldscan model international economic policy analysis pdf
... . 3 examples are the gtap model (hertel, 1997), the mirage model (bchir et al., 2002), the linkage model (van der mensbrugghe, 2005), and the g-cubed model of mckibbin and wilcoxen (1999). ... function with several levels (see figure 2.1 and equation (2.1)). the production function contains three sets of parameters substitution elasticities, share parameters and technology levels. first, we discuss ...
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