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A Two-Asset Savings Model with an Income-Contribution Scheme

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@Mv77 Mv77 released this 18 Jun 00:54
· 21 commits to main since this release

This repository develops a two-asset consumption-savings model and serves as the documentation of an open-source implementation of methods to solve and HARK toolkit. The model represents an agent who can save using two different assets---one risky and the other risk-free---to insure against fluctuations in his income, but faces frictions to transferring funds between assets. The flexibility of its implementation and its inclusion in the HARK toolkit will allow users to adapt the model to realistic life-cycle calibrations, and also to embedded it in heterogeneous-agents macroeconomic models.