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Author: | Lollivier, S. |
Title: | Dynamics of individual wealth accumulation: a use of simulation methods for estimating limited dependent-variables models |
Journal: | Economica
2004 : NOV, VOL. 71:284, p. 589-618 |
Index terms: | Economic analysis Simulation models |
Language: | eng |
Abstract: | This article estimates the accumulation of individual wealth. This study aims 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. |
SCIMA