Estimation of Life-Cycle Consumption. Zhe Li (PhD Student) Stony Brook University. Introduction. A CLASSICAL METHOD of moments estimator Instead using analytically form, replace the expected response function by a simulation result ---- the method of simulated moments (MSM).
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Estimation of Life-Cycle Consumption
Zhe Li (PhD Student)
Stony Brook University
Figure 9. Life Cycle Consumption (Thousands in 1987 dollars)