Gustman–SteinmeierRetirementModel.docVIP

Gustman – Steinmeier Retirement Model First of all, the author would like to appreciate the generosity of Gustman and Steinmeier in making the programs available. Structural models are an invaluable tool for estimating the behavioral effects of proposed Social Security reforms and their effects on economic well-being. They enable researchers to estimate underlying preference parameters, and to estimate how a utility maximizing household would respond to the reform, given its preferences. But they are difficult and time-consuming to build. Only a few researchers have chosen to construct stru