Structural modeling of economic choices of heterogeneous agents

Uninsured Idiosyncratic Risk and Aggregate Saving

AiyagariIdiosyncratic

This is a Replication of S. Rao Aiyagari (1994).

References

Aiyagari, S. R. (1994). Uninsured idiosyncratic risk and aggregate saving. The Quarterly Journal of Economics, 109(3), 659-684.

Details

Authors

Abstract

Aiyagari (1994) Replication

Actions

Live Interactive Notebook

This material includes a Jupyter Notebook version. You can directly launch and interact with the Notebook within your browser using MyBinder.

Launch Notebook

Material Source Code

Econ-ARK materials are open source and available to view and clone from GitHub.

View on GitHub

How to Execute this Notebook

Install econ-ark on your computer (Quick Start Guide then follow these instructions:

  1. At a command line, change the working directory to the one where you want to install
    • On MacOS/unix, if you install in the /tmp directory, the installation will disappear after a reboot:
    • cd /tmp
  2. git clone https://github.com/econ-ark/Aiyagari-Idiosyncratic --recursive
  3. cd Aiyagari-Idiosyncratic
  4. jupyter notebook Aiyagari1994QJE.ipynb

Metadata