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gamma simulation model ageing pensions and public finances pdf
... 38 2.7 equilibrium and the solution method 40 2.7.1 equilibrium 40 2.7.2 solution method 41 3 data and calibration ... funds, the government), and it explains the calibration procedure and the solution method. in addition it illustrates the working of the model with ... pension rights. finally, 2.7 explains the equilibrium conditions and solution method for gamma. appendix a presents a bird's-eye view ...
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memo161.pdf
... factor markets 20 1.4.3 balance of payments 20 1.5 solution method 21 2 calibration 22 2.1 households 22 2.1.1 population ... ny(i) is a short-cut for the relative population sizes. 1.5 solution method the model is implemented in gams.16. it is solved as a ... conopt.pdf (appendix a13.2). this method does not allow that variables are at their bounds in the solution. 21 2 calibration this chapter starts with ...
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Microsoft Word - paper_flex_kramarz.doc
... is close to almost every oecd country, where courts usually attempt to reach a compromise solution at the start of formal legal proceedings (see venn, 2009). 7 moreover, in case of ... check if local specific shocks might jeopardize the identifying assumption of the difference-in-difference method, we consider as additional control groups 1) the jurisdictions of similar sizes (that is displaying ...
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appendix derivations dsge model pdf
... one budget constraint for each time period no simple task. there is, fortunately, an easier method available. it involves recursively rolling the budget constraints for all time periods into a lifetime ... . and n. rankin, 2007, perpetual youth and endogenous labor supply a problem and a possible solution, journal of macroeconomics, vol. 29, no. 4, pp. 708 723. christiano, l.j., m. eichenbaum ...
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analyzing labour supply elderly people life cycle approach pdf
... , and their wife's income and retirement status. the parameters are estimated using the generalized method of moments (gmm) estimator. the theoretical moments are simulated (using backward induction). 15 64.5 ... the model is calibrated to data from the health and retirement study (hrs). the model solution was used to simulate life-cycle trajectories for 10,000 artificial agents. 7 the findings ...
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Microsoft Word - ageing_.doc
... projections of demography, interest rates and economic growth. these contain many uncertainties. also the method of analysis requires specific assumptions. the results should therefore be interpreted and treated with ... positive net benefit of future generations also explains why increasing fertility is not a solution for the ageing problem, from the point of view of government finances. over their ...
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Microsoft Word - bijz90.doc
... shadow economy fraud and contrived insolvency fraud. the taxation of intracommunity exports is not the solution to vat coordination problems. rather the focus should be on cross-border vat audit, followed ... the acronym vat is reserved for the credit-invoice method of consumption tax, although, in principle, the direct subtraction method tax, the addition method tax and the flat tax also can be ...
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Microsoft Word - DP CCCTB voorblad.doc
... full harmonization of rates and bases), ii.) a compulsory harmonized method to compute the tax base, iii.) the same harmonized method to compute tax bases but made optional, and iv.) a system ... function for the asset portfolio of households is an imperfect shortcut to obtain an interior solution for household asset portfolios, but does not account for the cost of risk taking. 13 ...
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Microsoft Word - cpbdoc194.doc
... degrees of freedom (model) r-squared f-statistic rho (serial correlation) method fe fe ht country dummies importing countries no no yes ... remove the trends of both trade policy variables. a second best solution is to include time-invariant country dummies as a proxy ... of freedom (model) r-squared f-statistic rho (serial correlation) method fe fe ht country dummies importing countries no no yes ...
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Microsoft Word - discussion56.doc
... the netherlands and some other countries. section 4 describes the data and the estimation method. section 5 presents estimation results. section 6 uses these results to calculate elasticities ... take heterogeneity of supplementary insurance into account by including firm specific coefficients. however, this solution cannot be used to correct for within-firm heterogeneity. for basic insurance we ...
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