Structural modeling of economic choices of heterogeneous agents



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 script.


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.


Material Source Code

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

View on GitHub