Moment estimation in Auerbach-Kotlikoff models : How well do they match the data?


Ludwig, Alexander


[img]
Preview
PDF
093_05.pdf - Published

Download (326kB)

URL: http://ub-madoc.bib.uni-mannheim.de/1286
URN: urn:nbn:de:bsz:180-madoc-12869
Document Type: Working paper
Year of publication: 2005
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Veröffentlichungen des MEA (Mannheim Research Institute For the Economics of Aging) > MEA Discussion Papers
Subject: 330 Economics
Classification: JEL: E13 D58 C32 ,
Subject headings (SWD): General Equilibrium Environmental Model , Mehrgenerationenmodell , Kalibrieren <Messtechnik>
Abstract: Despite their widespread use for the analysis of economic questions, a formal and systematic calibration methodology has not yet been developed for Auerbach-Kotlikoff (Auerbach and Kotlikoff 1987) overlapping generations (AK-OLG) models. Calibration as estimation in macroeconomics involves choosing free parameters by matching moments of simulated models with those of the data. This paper maps this approach into the framework of AK-OLG models. The paper further evaluates the back-fitting properties of three different versions of a prototype AK-OLG model along a number of dimensions of mostly US data for the time period 1960-2003.
Additional information:

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




+ Citation Example and Export

Ludwig, Alexander (2005) Moment estimation in Auerbach-Kotlikoff models : How well do they match the data? Open Access [Working paper]
[img]
Preview


+ Search Authors in

+ Download Statistics

Downloads per month over past year

View more statistics



You have found an error? Please let us know about your desired correction here: E-Mail


Actions (login required)

Show item Show item