ThomasHJorgensen
commented
1 year ago Does the simulated permanent income look like expected?
Den 17. feb. 2023 kl. 16.11 skrev AntonSteino @.***>:
Hi, I've looked at the lecture 2 notebook, playing around to introduce a handheld "retirement" period by giving G a time subscript. This results in a strange overconsumption pattern in the last period pre retirement. I don't know whether it's an economic or a coding issue, can anyone figure it out?
I've changed the .py file such that G becomes a vector:
- par.G = 1.03 * np.ones(par.T)
- par.G[t] in all instances
I've changed the notebook for the simulation such that there is a drop in income and no drift from period 16:
- model.par.G[15]=0.5
- model.par.G[16:]=1.0
This leads to increasing savings until period 14. In period 15 everyone increases their consumption (sim.C), and household consumption jumps with on average 0.386 ( compared to an average increase of 0.014 between period 13 and 14).
It seems like all households are positively surprised, which cannot be the case.Here are the average consumption and permanent income figures over the life cycle:
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AntonSteino
Hi, I've looked at the lecture 2 notebook, playing around to introduce a handheld "retirement" period by giving G a time subscript. This results in a strange overconsumption pattern in the last period pre retirement. I don't know whether it's an economic or a coding issue, can anyone figure it out?
I've changed the .py file such that G becomes a vector:
I've changed the notebook for the simulation such that there is a drop in income and no drift from period 16:
This leads to increasing savings until period 14. In period 15 everyone increases their consumption (sim.C), and household consumption jumps with on average 0.386 ( compared to an average increase of 0.014 between period 13 and 14).
It seems like all households are positively surprised, which cannot be the case.Here are the average consumption and permanent income figures over the life cycle: