Hi,
I have been working on a OLG model with 3 generations and a stochastic shock to windfall gains (for all the agents).
I was wondering if it is correct to use the command stoch_simul under that approach. Specially given that each agent dies a period after being part of the old cohort.
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Using stoch_simul in OLG model
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Using stoch_simul in OLG model
by JPLeidenz » Sat Sep 05, 2015 12:31 pm
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Re: Using stoch_simul in OLG model
by jpfeifer » Sat Sep 05, 2015 3:32 pm
As long as your model can be represented with time-invariant decision rules, the answer is yes.
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