Welfare Assessments with Heterogeneous Individuals
The code and materials in this repository are Copyright Eduardo Dávila and Andreas Schaab, 2022-, and are made available under the MIT license.
If you find this software helpful, please cite our work:
- Davila, E. and A. Schaab. Welfare Assessments with Heterogeneous Individuals. Working Paper.
This repository provides pedagogical user guides and a toolbox to compute welfare assessments using Dynamic Stochastic weights, or DS-weights for short.
We illustrate the power and applicability of our new approach to welfare analysis across several applications, for which we provide pedagogical code and tutorials. These can be found under local_repo_path/applications/. Examples include:
- 01: social transfer policy in an endowment economy
- 02: optimal labor income taxation
- 03: borrowing limits
- 04: optimal fiscal policy in a Huggett economy
We want to thank Sergi Barcons for his contributions to this code repository. Abdelrahman Hassanein and Flint O'Neil provided excellent research assistance.