3.0

credits

Average Course Rating

This course will provide an in-depth treatment of dynamic life-cycle models, including both continuous choice models that can be analyzed using Euler equation methods, and dynamic discrete choice models that required dynamic programming methods. We will study applications of life-cycle models to a range of topics including labor supply and saving, education and occupational choice, and fertility and marriage. We will also examine recent work that incorporates health and health shocks into life-cycle models. Students will learn the econometric and computational methods used to implement dynamic discrete choice models.