Dynamics of individual wealth accumulation: A use of simulation methods for estimating limited dependent-variables models

被引：1

作者：

Lollivier, S ^{[1
]}

机构：

[1] ENSAE, Malakoff, France

来源：

ECONOMICA | 2004年 / 71卷 / 284期

关键词：

D O I：

10.1111/j.0013-0427.2004.00390.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper presents an estimation of the behaviour of wealth accumulation, carried out on panel data. One of the aims of the study is to test some of the predictions resulting from the buffer-stock model of saving, especially the unit permanent income elasticity of wealth accumulation and the shape of the age profile. However, in the data available the wealth variable is not continuous. It is known only through a system of eleven intervals. Therefore, methods based on the use of the simulator by Geweke, Hajivassiliou and Keane have been implemented estimators.

引用

页码：589 / 618

页数：30

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