Structural Estimation of Life Cycle Models with Wealth in the Utility Function

Alan Lujan

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Structural Estimation of Life Cycle Models with Wealth in the Utility Function

January 2023 · Alan Lujan · Paper Website

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Abstract

This research enhances heterogeneous agent models by integrating life cycle considerations and wealth-dependent utility into their structural estimation. This improvement is crucial for generating reliable policy insights, as structural estimation forms the basis for evaluating policy effects within this framework.

Citation

Lujan, Alan. 2023. “Structural Estimation of Life Cycle Models with Wealth in the Utility Function.” REMARK. https://econ-ark.github.io/EstimatingMicroDSOPs/.