chp1-hetreturns - JMP progress for June CEF conference presentation

At this stage of this chapter of the dissertation, there is no draft of the paper yet. Additionally, the following extensions of the model need to be incorporated before the code is complete: (i) estimation of relevant bequest parameter and (ii) estimation of the total return (both safe and risky assets).

That said, the code can now produce results for multiple waves of the SCF, as well as match empirical moments for financial and liquid wealth, which an earlier version of the code could not (repository found at https://github.com/dedwar65/Chp1-HetReturnsOld).

- TeX
Published by dedwar65 over 1 year ago