ericschulman / retirement

Code to implement structural models of retirement benefits

Estimating retirement benefit elasticity

Code to implement structural models of retirement benefits

The goal of this repo is to implement dynamic models of retirement decisions, in particular Stock and Wise. Code for this model in fortran can be found here. This repository includes a python implementation of the model

Background

There are multiple models considered to estimate retirement elasticity some are more reduced form than others

• Coile and Gruber is a more reduced form option.
• There are more structural versions of the model that solve via dynamic programming, like this.

Code

Starting with implementation of a different implementation dynamic programming with backward recursion and will build on it. Currently there is not much here.