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Matlab code for The Labor-Supply Elasticity and Borrowing Constraints: Why Estimates are Biased

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Author Info
David Domeij (Stockholm School of Economics)
Martin Floden (Stockholm School of Economics)

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Abstract

Artificial data: The Matlab code generating the artificial data is available upon request (it is currently a mess - possibly we will eventually find time and spirit to clean it up and put the code here). The artificial data and the matlab code running the regressions on the artificial data is avialble in artificial.zip (8 Mb). This zip file contains the following files: regress_artificial.m (This is the main matlab file), regress.m (Used by regress_artificial), tsls.m (Used by regress), simsav_web.sav (Simulated data for the benchmark specification with separable utility), simsav_web_cd.sav (Simulated data with Cobb Douglas utility function). PSID data: We use SAS to extract raw data from the PSID, and to build text files that can be read by Matlab. The Matlab code then selects the sample and runs the regressions. The raw PSID data is available at the PSID web page. It is clear from our SAS files which PSID files are used. Contents of psid_data8395.zip (0.6 Mb): build_data84.sas (SAS code to read raw 1983-1985 PSID data), data84.asc (Output from build_data84.sas), build_data89.sas (SAS code to read raw 1988-1990 PSID data), data89.asc (Output from build_data89.sas), build_data94.sas (SAS code to read raw 1993-1995 PSID data), data84.asc (Output from build_data94.sas), regress8395.m (Matlab code to process dataXX.asc and to run regressions), Contents of psid_data70s.zip (0.9 Mb): build_data70s.sas (SAS code to read raw 1970-1981 PSID data), data70s_XXX.asc (Output from build_data70s.sas (~ one file per variable)), regress70s.m (Matlab code to process data70s_XXX.asc and to run regressions),

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File URL: http://dge.repec.org/codes/floden/artificial.zip
File Format: application/x-matlab
File Function: program code
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File URL: http://dge.repec.org/codes/floden/psid_data70s.zip
File Format: application/x-sas
File Function: program code
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File URL: http://dge.repec.org/codes/floden/psid_data8395.zip
File Format: application/x-sas
File Function: program code
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Publisher Info
Software component provided by Quantitative Macroeconomics & Real Business Cycles in its series QM&RBC Codes with number 55.

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Programming language: Matlab
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Date of creation: Nov 2001
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Handle: RePEc:dge:qmrbcd:55

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References listed on IDEAS
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  14. Casey B. Mulligan, 1998. "Substitution over Time: Another Look at Life Cycle Labor Supply," NBER Working Papers 6585, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  15. Lucas, Robert E, Jr & Rapping, Leonard A, 1969. "Real Wages, Employment, and Inflation," Journal of Political Economy, University of Chicago Press, vol. 77(5), pages 721-54, Sept./Oct. [Downloadable!] (restricted)
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  17. George-Marios Angeletos et al., 2001. "The Hyberbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 47-68, Summer. [Downloadable!] (restricted)
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  19. Huggett, Mark, 1993. "The risk-free rate in heterogeneous-agent incomplete-insurance economies," Journal of Economic Dynamics and Control, Elsevier, vol. 17(5-6), pages 953-969. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Jonsson, Magnus, 2004. "The Welfare Cost of Imperfect Competition and Distortionary Taxation," Working Paper Series 170, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
  2. David Domeij & Paul Klein, 2002. "Private Pensions: To What Extent Do They Account for Swedish Wealth Inequality?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(3), pages 503-534, July. [Downloadable!] (restricted)
  3. Burkhard Heer & Alfred Maussner, 2004. "Computation of Business Cycle Models: A Comparison of Numerical Methods," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  4. Josep Pijoan-Mas, 2006. "Precautionary Savings or Working Longer Hours?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(2), pages 326-352, April. [Downloadable!] (restricted)
    Other versions:
  5. Nezih Guner & Remzi Kaygusuz & Gustavo Ventura, 2008. "Taxation, aggregates and the household," Working Papers 660, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
  6. Roc Armenter & Martin Bodenstein, 2005. "Can U.S. monetary policy fall (again) into an expectation trap?," Staff Reports 229, Federal Reserve Bank of New York. [Downloadable!]
  7. Kartik B. Athreya & Andrea L. Waddle, 2007. "Implications of some alternatives to capital income taxation," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 31-55. [Downloadable!]
  8. Daehaeng Kim & Chul-In Lee, 2007. "On-the-Job Human Capital Accumulation in a Real Business Cycle Model: Implications for Intertemporal Substitution Elasticity and Labor Hoarding," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(3), pages 494-518, July. [Downloadable!] (restricted)
  9. Eric French, 2000. "The effects of health, wealth, and wages on labor supply and retirement behavior," Working Paper Series WP-00-2, Federal Reserve Bank of Chicago. [Downloadable!]
  10. Roland Straub & Florin Bilbiie, 2006. "Asset Market Participation, Monetary Policy Rules, and the Great Inflation," IMF Working Papers 06/200, International Monetary Fund. [Downloadable!]
  11. J. C. Parra & M. Huggett, 2005. "Quantifying the Inefficiency of the US Social Security System," Computing in Economics and Finance 2005 70, Society for Computational Economics. [Downloadable!]
  12. Low, Hamish & Meghir, Costas & Pistaferri, Luigi, 2008. "Wage Risk and Employment Risk over the Life Cycle," IZA Discussion Papers 3700, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  13. Johansson, Lars, 2006. "Fiscal Implications of Aids in South Africa," Research Papers in Economics 2006:11, Stockholm University, Department of Economics. [Downloadable!]
  14. Heathcote, Jonathan & Storesletten, Kjetil & Violante, Giovanni L, 2005. "Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion," CEPR Discussion Papers 5200, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  15. Tokhir Mirzoev, 2004. "Limited Commitment, Inaction and Optimal Monetary Policy," Macroeconomics 0409027, EconWPA. [Downloadable!]
  16. Laura Alfaro & Fabio Kanczuk, 2007. "Debt Maturity: Is Long-Term Debt Optimal?," NBER Working Papers 13119, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  17. Kartik B. Athreya, 2008. "Credit access, labor supply, and consumer welfare," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 17-44. [Downloadable!]
  18. Roc Armenter & Martin Bodenstein, 2006. "Can the U.S. monetary policy fall (again) in an expectation trap?," International Finance Discussion Papers 860, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    Other versions:
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