Structural modeling of economic choices of heterogeneous agents

DistributionOfWealthMPC

DistributionofWealthMPC

The results of the paper The Distribution of Wealth and the MPC now generated in an updated repository using a more modern version of HARK, DistributionOfWealthMPC. Any followup work should build on the updated code in that repository.

You should be able to reproduce all the results using the reproduce.sh script.

References

Carroll, C., Slacalek, J., Tokuoka, K., & White, M. N. (2017). The distribution of wealth and the marginal propensity to consume. Quantitative Economics, 8(3), 977-1020.

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