This is the example vignette for function: snw_ds_main_vec from the PrjOptiSNW Package.
In addition to solving for distribution given one policy function, snw_ds_main_vec can also solve for the distributional shift from "steady-state" with a one-period policy shift.
If a 6th parameter, PHI_ADJ_BASE, is provided to snw_ds_main_vec, solve for next-period forward distribution conditional on PHI_ADJ_BASE, using the policy function provided to snw_ds_main_vec as the 3rd and 4th parameters.
When PHI_ADJ_BASE is provided, if the AP_SS, CONS_SS policy functions inputs are from the same problem that generated PHI_ADJ_BASE, output PHI_ADJ will be identical to PHI_ADJ_BASE. However, if AP_SS, CONS_SS are different policy functions from those that induced PHI_ADJ_BASE, PHI_ADJ output will be different from PHI_ADJ_BASE input.
This allows for obtaining the distributional impact of a one period policy, allowing for deviation from "steady-state" distribution. This is used to solve for the distribution after one-period MIT shock, given stimulus checks provided in that period.
This is used to model the distributional effects of CARES Act, the two rounds of Trump Stimulus Checks, on household asset distribution when then receive the Biden stimulus checks from the the American Recovery Act. In effect, we have two MIT shock periods.
Steady-state policy and value functions
% mp_params = snw_mp_param('default_dense');
mp_params = snw_mp_param('default_docdense');
% mp_params = snw_mp_param('default_moredense_a65zh133zs5_e2m2');
mp_controls = snw_mp_control('default_test');
mp_controls('bl_print_vfi') = false;
mp_controls('bl_print_vfi_verbose') = false;
mp_controls('bl_print_ds') = false;
mp_controls('bl_print_ds_verbose') = false;
[V_ss,ap_ss,cons_ss,mp_valpol_more_ss] = snw_vfi_main_bisec_vec(mp_params, mp_controls);
Completed SNW_VFI_MAIN_BISEC_VEC;SNW_MP_PARAM=default_docdense;SNW_MP_CONTROL=default_test;time=550.0624Solve for steady-state distributions, using steady-state policy functions.
[Phi_true_ss,Phi_adj_ss,A_agg_ss,Y_inc_agg_ss,~,mp_dsvfi_results_ss] = ...
snw_ds_main_vec(mp_params, mp_controls, ap_ss, cons_ss);
Completed SNW_VFI_MAIN_BISEC_VEC;SNW_MP_PARAM=default_docdense;SNW_MP_CONTROL=default_test;time=547.3022
Completed SNW_DS_MAIN_VEC;SNW_MP_PARAM=default_docdense;SNW_MP_CONTROL=default_test;time=1786.6361
% [Phi_true,Phi_adj] = snw_ds_main(mp_params, mp_controls);
Phi_true_ss = Phi_true_ss/sum(Phi_true_ss(:));Show distributional results.
mp_cl_mt_xyz_of_s = mp_dsvfi_results_ss('mp_cl_mt_xyz_of_s');
disp(mp_cl_mt_xyz_of_s('tb_outcomes'));
mean unweighted_sum sd coefofvar gini min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_01 p0_1 p1 p5 p10 p20 p25 p30 p40 p50 p60 p70 p75 p80 p90 p95 p99 p99_9 p99_99 fl_cov_a_ss fl_cor_a_ss fl_cov_ap_ss fl_cor_ap_ss fl_cov_cons_ss fl_cor_cons_ss fl_cov_n_ss fl_cor_n_ss fl_cov_y_all fl_cor_y_all fl_cov_y_head_inc fl_cor_y_head_inc fl_cov_y_head_earn fl_cor_y_head_earn fl_cov_y_spouse_inc fl_cor_y_spouse_inc fl_cov_yshr_interest fl_cor_yshr_interest fl_cov_yshr_wage fl_cor_yshr_wage fl_cov_yshr_SS fl_cor_yshr_SS fl_cov_yshr_tax fl_cor_yshr_tax fl_cov_yshr_nttxss fl_cor_yshr_nttxss fracByP0_01 fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP20 fracByP25 fracByP30 fracByP40 fracByP50 fracByP60 fracByP70 fracByP75 fracByP80 fracByP90 fracByP95 fracByP99 fracByP99_9 fracByP99_99
________ ______________ ________ _________ _______ ________ _______ ________ _______ _______ __________ __________ ________ ________ ________ ________ __________ _________ _________ ________ ________ ________ ________ _______ _______ ________ _______ _______ _______ _______ _______ ___________ ___________ ____________ ____________ ______________ ______________ ___________ ___________ ____________ ____________ _________________ _________________ __________________ __________________ ___________________ ___________________ ____________________ ____________________ ________________ ________________ ______________ ______________ _______________ _______________ __________________ __________________ ___________ __________ _________ _________ __________ __________ _________ _________ _________ _________ _________ _________ _________ __________ _________ _________ _________ ___________ ____________
a_ss 4.3602 2228 6.8796 1.5778 0.6755 0 135 0.11808 0 0.88192 0.11808 6.8049e-06 0 0 0 0 0 0.064373 0.17664 0.37542 0.88989 1.7381 3.0034 4.7693 5.4836 7.1191 12.56 16.875 30.548 56.953 90.439 47.329 1 47.318 0.99439 3.476 0.72826 -1.478 -0.14945 4.5793 0.45389 3.9427 0.56573 1.8957 0.29692 0.63663 0.096963 0.80041 0.6619 -0.80811 -0.34878 0.007703 0.0049412 0.10041 0.40929 0.09271 0.054578 0 0 0 0 0 0.00071111 0.0023543 0.0065355 0.023222 0.057104 0.11454 0.2027 0.23918 0.32171 0.55921 0.69427 0.90202 0.9849 0.99794
ap_ss 4.4621 5.3216e+08 6.9169 1.5501 0.67638 0 163.73 0.097968 0 0.90203 0.097968 2.2836e-12 0 0 0 0 0.00051498 0.083002 0.20935 0.39434 0.90689 1.6906 2.8912 4.7054 5.9044 7.4694 12.521 17.769 31.792 57.866 90.717 47.318 0.99439 47.844 1 3.5799 0.74597 -1.4406 -0.14488 5.4304 0.53534 4.2301 0.60369 2.208 0.34397 1.2003 0.18183 0.75231 0.61877 -0.71978 -0.30898 -0.03253 -0.020754 0.11154 0.45221 0.14407 0.084358 0 0 0 0 1.8925e-07 0.0007016 0.0022849 0.0056773 0.019937 0.048358 0.098974 0.18293 0.24222 0.31675 0.53294 0.69899 0.9039 0.98396 0.99764
cons_ss 1.0635 5.0787e+07 0.6938 0.65237 0.33936 0.036717 141.61 0 0 1 8.6094e-07 0 0.066342 0.10404 0.18515 0.27323 0.35662 0.49455 0.56067 0.62765 0.76677 0.91665 1.0828 1.2762 1.3916 1.5274 1.9354 2.3449 3.4017 5.2893 7.5592 3.476 0.72826 3.5799 0.74597 0.48135 1 0.23978 0.24042 0.7718 0.75854 0.5704 0.81157 0.43323 0.67286 0.2014 0.30417 0.03747 0.30725 -0.0042544 -0.018207 -0.033215 -0.21127 0.018848 0.76179 0.052063 0.30392 5.4726e-06 8.2626e-05 0.0013773 0.010075 0.024991 0.065093 0.089893 0.11782 0.1833 0.26234 0.35614 0.46671 0.52936 0.59788 0.75856 0.85803 0.96048 0.99413 0.99921
n_ss 2.3554 21 1.4375 0.61029 0.3128 1 6 0 0 1 0.36005 0.041101 1 1 1 1 1 1 1 1 2 2 2 3 3 4 5 5 6 6 6 -1.478 -0.14945 -1.4406 -0.14488 0.23978 0.24042 2.0664 1 0.36196 0.1717 0.09459 0.064956 0.19345 0.14501 0.26737 0.19489 -0.072581 -0.28725 0.17131 0.35386 -0.098733 -0.3031 0.013683 0.26692 0.11242 0.31672 0.15286 0.15286 0.15286 0.15286 0.15286 0.15286 0.15286 0.15286 0.40183 0.40183 0.40183 0.56321 0.56321 0.75407 0.8953 0.8953 1 1 1
y_all 1.4661 8.3558e+07 1.4665 1.0003 0.44546 0.038108 50.873 0 0 1 8.6094e-07 2.2836e-12 0.069931 0.11208 0.20327 0.26924 0.34663 0.49947 0.57738 0.65537 0.82916 1.0312 1.2832 1.6179 1.8375 2.1165 3.0585 4.0476 6.9072 14.815 21.023 4.5793 0.45389 5.4304 0.53534 0.7718 0.75854 0.36196 0.1717 2.1507 1 1.1331 0.76267 0.98441 0.7233 1.0177 0.7271 -0.014203 -0.055097 0.10973 0.22217 -0.095531 -0.28746 0.039306 0.75157 0.13484 0.37237 4.2573e-06 6.3235e-05 0.0010873 0.0076055 0.018124 0.047 0.065314 0.086292 0.1368 0.20002 0.27863 0.37699 0.43577 0.50297 0.67532 0.79442 0.93109 0.988 0.99841
y_head_inc 1.1081 1.9253e+06 1.013 0.91419 0.42164 0.038108 24.357 0 0 1 1.2258e-06 1.694e-09 0.065666 0.1034 0.17983 0.24742 0.30438 0.41077 0.47063 0.52838 0.65292 0.8006 0.98455 1.2279 1.3881 1.5859 2.2533 2.9937 5.0375 8.8678 13.702 3.9427 0.56573 4.2301 0.60369 0.5704 0.81157 0.09459 0.064956 1.1331 0.76267 1.0262 1 0.89528 0.95229 0.10683 0.1105 0.0035862 0.02014 0.064337 0.18857 -0.067923 -0.29589 0.025209 0.69781 0.093132 0.37233 5.2131e-06 7.7569e-05 0.0013113 0.0094768 0.022842 0.055458 0.076507 0.096841 0.1495 0.21496 0.29527 0.3946 0.4535 0.52044 0.68972 0.80585 0.9399 0.99015 0.99857
y_head_earn 0.88655 19732 0.92804 1.0468 0.53121 0 18.957 0.2016 0 0.7984 0.2016 1.2258e-07 0 0 0 0 0 0 0.28106 0.37421 0.52794 0.68288 0.85118 1.0805 1.2168 1.3913 1.9622 2.5935 4.2881 7.4575 11.644 1.8957 0.29692 2.208 0.34397 0.43323 0.67286 0.19345 0.14501 0.98441 0.7233 0.89528 0.95229 0.86126 1 0.089134 0.10064 -0.039646 -0.24304 0.12593 0.40291 -0.086287 -0.41031 0.022414 0.67725 0.1087 0.47437 0 0 0 0 0 0 0.011684 0.030168 0.080999 0.1488 0.23502 0.34392 0.40836 0.48157 0.66665 0.79244 0.93633 0.98962 0.99849
y_spouse_inc 0.35797 4.827e+05 0.95437 2.6661 0.85269 0 26.627 0.52499 0 0.47501 0.52499 1.9415e-10 0 0 0 0 0 0 0 0 0 0 0.1002 0.26236 0.35911 0.45945 0.88325 1.9998 3.3624 12.834 17.794 0.63663 0.096963 1.2003 0.18183 0.2014 0.30417 0.26737 0.19489 1.0177 0.7271 0.10683 0.1105 0.089134 0.10064 0.91083 1 -0.017789 -0.10604 0.045397 0.14124 -0.027608 -0.12766 0.014097 0.4142 0.041705 0.17698 0 0 0 0 0 0 0 0 0 0 0.012673 0.062275 0.10534 0.16263 0.32833 0.52547 0.80928 0.95801 0.99466
yshr_interest 0.12865 3.8438e+06 0.17577 1.3663 0.65781 0 0.99299 0.11808 0 0.88192 0.11808 0 0 0 0 0 0 0.0026411 0.0067149 0.012816 0.029566 0.054027 0.089573 0.13973 0.1741 0.2187 0.39107 0.54752 0.74727 0.86028 0.91481 0.80041 0.6619 0.75231 0.61877 0.03747 0.30725 -0.072581 -0.28725 -0.014203 -0.055097 0.0035862 0.02014 -0.039646 -0.24304 -0.017789 -0.10604 0.030897 1 -0.046487 -0.78527 0.015591 0.39143 -6.1614e-05 -0.0098294 -0.015653 -0.36065 0 0 0 0 0 0.00070705 0.0024473 0.0062059 0.022256 0.054106 0.10916 0.19743 0.25844 0.33449 0.57087 0.74007 0.93773 0.99314 0.99928
yshr_wage 0.77402 8.8881e+06 0.33679 0.43512 0.2062 0 1 0.10584 0 0.89416 0.10584 0.1117 0 0 0 0 0 0.64562 0.76513 0.82574 0.89607 0.93893 0.96712 0.98555 0.99223 0.99687 1 1 1 1 1 -0.80811 -0.34878 -0.71978 -0.30898 -0.0042544 -0.018207 0.17131 0.35386 0.10973 0.22217 0.064337 0.18857 0.12593 0.40291 0.045397 0.14124 -0.046487 -0.78527 0.11343 1 -0.06694 -0.87712 0.0042342 0.35255 0.071175 0.85589 0 0 0 0 0 0.036059 0.082214 0.13376 0.2454 0.36413 0.48739 0.61361 0.6775 0.7418 1 1 1 1 1
yshr_SS 0.097329 29012 0.2266 2.3282 0.91382 0 1 0.7984 0 0.2016 0.7984 0.005851 0 0 0 0 0 0 0 0 0 0 0 0 0 0.079765 0.43585 0.68492 0.98018 1 1 0.007703 0.0049412 -0.03253 -0.020754 -0.033215 -0.21127 -0.098733 -0.3031 -0.095531 -0.28746 -0.067923 -0.29589 -0.086287 -0.41031 -0.027608 -0.12766 0.015591 0.39143 -0.06694 -0.87712 0.051349 1 -0.0041726 -0.51635 -0.055522 -0.99232 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00087521 0.28391 0.57844 0.8997 1 1
yshr_tax 0.17833 2.8338e+06 0.035661 0.19998 0.11386 0.036506 0.2552 0 0 1 8.6094e-07 2.2836e-12 0.054112 0.071805 0.098913 0.11316 0.12645 0.14591 0.15354 0.16011 0.17194 0.18233 0.19206 0.20154 0.20634 0.21134 0.2227 0.22979 0.24005 0.24896 0.25148 0.10041 0.40929 0.11154 0.45221 0.018848 0.76179 0.013683 0.26692 0.039306 0.75157 0.025209 0.69781 0.022414 0.67725 0.014097 0.4142 -6.1614e-05 -0.0098294 0.0042342 0.35255 -0.0041726 -0.51635 0.0012717 1 0.0054443 0.61831 2.8386e-05 0.00035854 0.0048507 0.02883 0.062514 0.13924 0.18121 0.22517 0.31837 0.41773 0.52273 0.6331 0.69028 0.74883 0.87042 0.93381 0.9863 0.9986 0.99986
yshr_nttxss 0.080996 2.8048e+06 0.24691 3.0485 1.2592 -0.89715 0.2552 0 0.17487 0.82513 0.0046688 2.2836e-12 -0.89715 -0.89715 -0.87632 -0.55668 -0.28938 0.089704 0.12767 0.14393 0.16376 0.17779 0.18942 0.20008 0.20534 0.21073 0.22249 0.22962 0.23995 0.24896 0.25148 0.09271 0.054578 0.14407 0.084358 0.052063 0.30392 0.11242 0.31672 0.13484 0.37237 0.093132 0.37233 0.1087 0.47437 0.041705 0.17698 -0.015653 -0.36065 0.071175 0.85589 -0.055522 -0.99232 0.0054443 0.61831 0.060966 1 -0.051713 -0.051713 -0.11699 -0.46646 -0.71714 -0.82936 -0.75963 -0.6753 -0.48446 -0.27326 -0.04639 0.1941 0.31924 0.44766 0.71492 0.85436 0.96984 0.99691 0.99969 Same continuation value as prior (steady-state continuation), but now solve for new policy (one round) due to Trump stimulus. Same tax rate in covid and other years, manna-from-heaven. This calls the snw_vfi_main_bisec_vec_stimulus function, which provides the stimulus checks as a function of income and family status.
mp_params('a2_covidyr') = mp_params('a2_covidyr_manna_heaven');
[~,ap_trumpchecks,cons_trumpchecks, mp_valpol_more_trumpchecks] = ...
snw_vfi_main_bisec_vec_stimulus(mp_params, mp_controls, V_ss);
Completed SNW_VFI_MAIN_BISEC_VEC 1 Period Unemp Shock;SNW_MP_PARAM=default_docdense;SNW_MP_CONTROL=default_test;time=557.2826Fixing mass at their steady-state distribution, policy functions shift to the Trump stimulus policies, resolve for one-period forward distribution. The distributional code is almost identical, except uses steady-state distribution as the "base" distribution via parameter PHI_ADJ_SS.
[Phi_true_trumpchecks,Phi_adj_trumpchecks,...
A_agg_trumpchecks,Y_inc_agg_trumpchecks,~,mp_dsvfi_results_trumpchecks] = snw_ds_main_vec(...
mp_params, mp_controls, ...
ap_trumpchecks, cons_trumpchecks, ...
mp_valpol_more_trumpchecks, ...
Phi_adj_ss);
Completed SNW_DS_MAIN_VEC;SNW_MP_PARAM=default_docdense;SNW_MP_CONTROL=default_test;time=1546.0593
Phi_true_trumpchecks = Phi_true_trumpchecks/sum(Phi_true_trumpchecks(:));Show distributional results.
mp_cl_mt_xyz_of_s = mp_dsvfi_results_trumpchecks('mp_cl_mt_xyz_of_s');
disp(mp_cl_mt_xyz_of_s('tb_outcomes'));
mean unweighted_sum sd coefofvar gini min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_01 p0_1 p1 p5 p10 p20 p25 p30 p40 p50 p60 p70 p75 p80 p90 p95 p99 p99_9 p99_99 fl_cov_a_ss fl_cor_a_ss fl_cov_ap_ss fl_cor_ap_ss fl_cov_cons_ss fl_cor_cons_ss fl_cov_n_ss fl_cor_n_ss fl_cov_y_all fl_cor_y_all fl_cov_y_head_inc fl_cor_y_head_inc fl_cov_y_head_earn fl_cor_y_head_earn fl_cov_y_spouse_inc fl_cor_y_spouse_inc fl_cov_yshr_interest fl_cor_yshr_interest fl_cov_yshr_wage fl_cor_yshr_wage fl_cov_yshr_SS fl_cor_yshr_SS fl_cov_yshr_tax fl_cor_yshr_tax fl_cov_yshr_nttxss fl_cor_yshr_nttxss fracByP0_01 fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP20 fracByP25 fracByP30 fracByP40 fracByP50 fracByP60 fracByP70 fracByP75 fracByP80 fracByP90 fracByP95 fracByP99 fracByP99_9 fracByP99_99
________ ______________ ________ _________ _______ ________ _______ _________ _______ _______ __________ __________ ________ ________ _________ __________ _________ _________ _________ ________ ________ ________ ________ _______ _______ ________ _______ _______ _______ _______ _______ ___________ ___________ ____________ ____________ ______________ ______________ ___________ ___________ ____________ ____________ _________________ _________________ __________________ __________________ ___________________ ___________________ ____________________ ____________________ ________________ ________________ ______________ ______________ _______________ _______________ __________________ __________________ ___________ __________ __________ __________ __________ _________ _________ _________ _________ _________ _________ _________ _________ __________ _________ _________ _________ ___________ ____________
a_ss 4.3988 2228 6.8731 1.5625 0.66733 0 135 0.034387 0 0.96561 0.034387 6.8049e-06 0 0 0 0.013905 0.032959 0.11124 0.17664 0.37542 0.88989 1.7381 3.0034 4.7693 5.4836 7.1191 12.56 18.507 32.959 56.953 90.439 47.239 1 47.194 0.99451 3.4368 0.72502 -1.4518 -0.14694 4.5719 0.45363 3.932 0.56492 1.8886 0.29608 0.63998 0.097565 0.7955 0.65987 -0.80304 -0.34757 0.0075469 0.0048626 0.10023 0.40968 0.092678 0.054794 0 0 0 9.9393e-05 0.00053555 0.002329 0.0035163 0.0078383 0.02513 0.059999 0.11789 0.20613 0.24258 0.32495 0.56167 0.73577 0.91953 0.98503 0.99796
ap_ss 4.5367 5.326e+08 6.9044 1.5219 0.66162 0 163.73 0.0090623 0 0.99094 0.0090623 2.2836e-12 0 0 0.0041199 0.034414 0.064373 0.17234 0.30454 0.50189 1.0173 1.778 2.9959 4.7693 5.9677 7.5277 12.56 17.823 31.811 57.868 90.717 47.194 0.99451 47.671 1 3.5381 0.74301 -1.391 -0.14015 5.4122 0.53457 4.2111 0.60227 2.194 0.34241 1.2012 0.18229 0.74714 0.61694 -0.71401 -0.30763 -0.033122 -0.021244 0.11132 0.45297 0.14444 0.085011 0 0 3.3566e-07 0.00021098 0.00081793 0.0031715 0.0056981 0.010145 0.026481 0.056608 0.1083 0.19258 0.25176 0.32572 0.53969 0.70369 0.90551 0.98423 0.99768
cons_ss 1.0761 5.0871e+07 0.68968 0.64091 0.33326 0.048012 141.61 0 0 1 0 0 0.084007 0.12353 0.20601 0.28992 0.37248 0.51004 0.57644 0.64337 0.78203 0.93074 1.0951 1.2874 1.402 1.5361 1.9422 2.3481 3.4022 5.2902 7.5592 3.4368 0.72502 3.5381 0.74301 0.47566 1 0.25317 0.25536 0.76547 0.75689 0.56543 0.80958 0.43005 0.6719 0.20004 0.30392 0.03594 0.2971 -0.0024993 -0.01078 -0.03344 -0.21472 0.018663 0.76024 0.052104 0.30699 6.9424e-06 9.7907e-05 0.0015541 0.010856 0.026295 0.067432 0.092662 0.12099 0.18715 0.26663 0.36064 0.471 0.5334 0.60156 0.7611 0.85962 0.96093 0.99419 0.99922
n_ss 2.3554 21 1.4375 0.61029 0.3128 1 6 0 0 1 0.36005 0.041101 1 1 1 1 1 1 1 1 2 2 2 3 3 4 5 5 6 6 6 -1.4518 -0.14694 -1.391 -0.14015 0.25317 0.25536 2.0664 1 0.36301 0.17221 0.095638 0.065699 0.19345 0.14501 0.26737 0.19489 -0.071884 -0.2851 0.17031 0.35244 -0.098425 -0.30321 0.013707 0.26789 0.11213 0.31698 0.15286 0.15286 0.15286 0.15286 0.15286 0.15286 0.15286 0.15286 0.40183 0.40183 0.40183 0.56321 0.56321 0.75407 0.8953 0.8953 1 1 1
y_all 1.4676 8.3558e+07 1.4664 0.99915 0.44498 0.038108 50.873 0 0 1 2.9018e-07 2.2836e-12 0.07106 0.11263 0.20454 0.27056 0.3493 0.50134 0.57928 0.65752 0.83104 1.0327 1.2852 1.6199 1.839 2.1178 3.0596 4.0486 6.9075 14.816 21.023 4.5719 0.45363 5.4122 0.53457 0.76547 0.75689 0.36301 0.17221 2.1503 1 1.1325 0.76263 0.98412 0.72316 1.0178 0.72727 -0.015345 -0.059663 0.11057 0.2243 -0.095222 -0.28757 0.039237 0.75173 0.13446 0.3726 4.2337e-06 6.4292e-05 0.0010941 0.0076783 0.018183 0.047117 0.065468 0.086485 0.13705 0.20034 0.279 0.37737 0.43615 0.50334 0.67559 0.79461 0.93115 0.98801 0.99841
y_head_inc 1.1097 1.9253e+06 1.0127 0.9126 0.42095 0.038108 24.357 0 0 1 5.74e-07 1.694e-09 0.066852 0.10477 0.18103 0.24977 0.30438 0.41077 0.47063 0.52934 0.65515 0.80328 0.98738 1.2298 1.39 1.5874 2.2544 2.9939 5.0375 8.8678 13.702 3.932 0.56492 4.2111 0.60227 0.56543 0.80958 0.095638 0.065699 1.1325 0.76263 1.0255 1 0.89499 0.95232 0.10697 0.11068 0.0027409 0.015431 0.064969 0.19085 -0.067709 -0.29609 0.02516 0.698 0.092869 0.37266 5.29e-06 8.1766e-05 0.0013086 0.0094204 0.022582 0.055107 0.076177 0.096691 0.14989 0.21541 0.29578 0.39517 0.45403 0.52093 0.69012 0.80612 0.93998 0.99016 0.99857
y_head_earn 0.88655 19732 0.92804 1.0468 0.53121 0 18.957 0.2016 0 0.7984 0.2016 1.2258e-07 0 0 0 0 0 0 0.28106 0.37421 0.52794 0.68288 0.85118 1.0805 1.2168 1.3913 1.9622 2.5935 4.2881 7.4575 11.644 1.8886 0.29608 2.194 0.34241 0.43005 0.6719 0.19345 0.14501 0.98412 0.72316 0.89499 0.95232 0.86126 1 0.089134 0.10064 -0.040304 -0.2476 0.12631 0.40489 -0.08601 -0.41042 0.02237 0.6772 0.10838 0.47456 0 0 0 0 0 0 0.011684 0.030168 0.080999 0.1488 0.23502 0.34392 0.40836 0.48157 0.66665 0.79244 0.93633 0.98962 0.99849
y_spouse_inc 0.35797 4.827e+05 0.95437 2.6661 0.85269 0 26.627 0.52499 0 0.47501 0.52499 1.9415e-10 0 0 0 0 0 0 0 0 0 0 0.1002 0.26236 0.35911 0.45945 0.88325 1.9998 3.3624 12.834 17.794 0.63998 0.097565 1.2012 0.18229 0.20004 0.30392 0.26737 0.19489 1.0178 0.72727 0.10697 0.11068 0.089134 0.10064 0.91083 1 -0.018086 -0.10804 0.045599 0.14213 -0.027513 -0.12766 0.014077 0.41438 0.04159 0.17708 0 0 0 0 0 0 0 0 0 0 0.012673 0.062275 0.10534 0.16263 0.32833 0.52547 0.80928 0.95801 0.99466
yshr_interest 0.13035 3.8438e+06 0.1754 1.3457 0.64346 0 0.99299 0.034387 0 0.96561 0.034387 0 0 0 0 0.00082434 0.0025217 0.0056683 0.0092053 0.014964 0.031346 0.055798 0.090978 0.14116 0.17526 0.2199 0.39107 0.54824 0.74845 0.86028 0.91481 0.7955 0.65987 0.74714 0.61694 0.03594 0.2971 -0.071884 -0.2851 -0.015345 -0.059663 0.0027409 0.015431 -0.040304 -0.2476 -0.018086 -0.10804 0.030765 1 -0.046387 -0.78673 0.015622 0.39442 -0.00010026 -0.016058 -0.015723 -0.36425 0 0 0 5.556e-05 0.00078364 0.0037333 0.0065005 0.011071 0.028471 0.061376 0.11695 0.20511 0.26673 0.34133 0.57407 0.74309 0.93856 0.99323 0.99929
yshr_wage 0.77264 8.8881e+06 0.33616 0.43508 0.21167 0 1 0.10584 0 0.89416 0.10584 0.033523 0 0 0 0 0 0.64486 0.76442 0.82501 0.89479 0.93737 0.96521 0.98357 0.98988 0.99394 0.99735 0.999 1 1 1 -0.80304 -0.34757 -0.71401 -0.30763 -0.0024993 -0.01078 0.17031 0.35244 0.11057 0.2243 0.064969 0.19085 0.12631 0.40489 0.045599 0.14213 -0.046387 -0.78673 0.113 1 -0.066615 -0.87755 0.0042507 0.35525 0.070866 0.85664 0 0 0 0 0 0.03604 0.082228 0.13382 0.24554 0.3643 0.48756 0.61375 0.67766 0.74182 0.87073 0.93531 1 1 1
yshr_SS 0.097017 29012 0.22582 2.3276 0.91391 0 1 0.7984 0 0.2016 0.7984 0.00067295 0 0 0 0 0 0 0 0 0 0 0 0 0 0.079765 0.43585 0.68492 0.98018 0.99938 1 0.0075469 0.0048626 -0.033122 -0.021244 -0.03344 -0.21472 -0.098425 -0.30321 -0.095222 -0.28757 -0.067709 -0.29609 -0.08601 -0.41042 -0.027513 -0.12766 0.015622 0.39442 -0.066615 -0.87755 0.050993 1 -0.0041504 -0.51636 -0.055143 -0.9923 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00087879 0.28576 0.58134 0.90618 0.99003 1
yshr_tax 0.17842 2.8338e+06 0.035595 0.1995 0.11358 0.036506 0.2552 0 0 1 2.9018e-07 2.2836e-12 0.054654 0.072006 0.099219 0.11342 0.12686 0.1461 0.15371 0.16028 0.17205 0.18239 0.19213 0.20158 0.20637 0.21136 0.22271 0.2298 0.24005 0.24896 0.25148 0.10023 0.40968 0.11132 0.45297 0.018663 0.76024 0.013707 0.26789 0.039237 0.75173 0.02516 0.698 0.02237 0.6772 0.014077 0.41438 -0.00010026 -0.016058 0.0042507 0.35525 -0.0041504 -0.51636 0.001267 1 0.0054174 0.61846 2.8124e-05 0.00036313 0.0048693 0.029042 0.062614 0.13938 0.18137 0.22536 0.31856 0.41793 0.52292 0.63326 0.69042 0.74895 0.87049 0.93385 0.98631 0.9986 0.99986
yshr_nttxss 0.081403 2.8048e+06 0.24609 3.0231 1.249 -0.89715 0.2552 0 0.17479 0.82521 0.00045672 2.2836e-12 -0.89715 -0.89637 -0.87632 -0.55668 -0.28938 0.08986 0.12786 0.1441 0.16389 0.17789 0.18949 0.20013 0.20538 0.21075 0.2225 0.22963 0.23995 0.24896 0.25148 0.092678 0.054794 0.14444 0.085011 0.052104 0.30699 0.11213 0.31698 0.13446 0.3726 0.092869 0.37266 0.10838 0.47456 0.04159 0.17708 -0.015723 -0.36425 0.070866 0.85664 -0.055143 -0.9923 0.0054174 0.61846 0.06056 1 -0.0050336 -0.023491 -0.10962 -0.45959 -0.70907 -0.82102 -0.75146 -0.66737 -0.47745 -0.26713 -0.041321 0.19805 0.32259 0.45038 0.71633 0.85509 0.96999 0.99693 0.99969 This is to confirm that code is working properly. If we use steady-state policy functions and also provide as a sixth parameter the steady-state distribution, PHI_ADJ_SS, to snw_ds_main_vec, we should get back the same distribution, PHI_TRUE_SS_WITH_EXISTDIST_DEBUG, which is the same as PHI_ADJ_SS. See that the distributional outputs at the end of this subsection is the same as the distributional table before the table directly prior.
[Phi_true_ss_with_existdist_debug,~,~,~,~,mp_dsvfi_results_ss_with_existdist_debug] = snw_ds_main_vec(...
mp_params, mp_controls, ...
ap_ss, cons_ss, ...
mp_valpol_more_ss, ...
Phi_adj_ss);
Completed SNW_DS_MAIN_VEC;SNW_MP_PARAM=default_docdense;SNW_MP_CONTROL=default_test;time=1848.7637
Phi_true_ss_with_existdist_debug = Phi_true_ss_with_existdist_debug/sum(Phi_true_ss_with_existdist_debug(:));Show distributional results.
mp_cl_mt_xyz_of_s = mp_dsvfi_results_ss_with_existdist_debug('mp_cl_mt_xyz_of_s');
disp(mp_cl_mt_xyz_of_s('tb_outcomes'));
mean unweighted_sum sd coefofvar gini min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_01 p0_1 p1 p5 p10 p20 p25 p30 p40 p50 p60 p70 p75 p80 p90 p95 p99 p99_9 p99_99 fl_cov_a_ss fl_cor_a_ss fl_cov_ap_ss fl_cor_ap_ss fl_cov_cons_ss fl_cor_cons_ss fl_cov_n_ss fl_cor_n_ss fl_cov_y_all fl_cor_y_all fl_cov_y_head_inc fl_cor_y_head_inc fl_cov_y_head_earn fl_cor_y_head_earn fl_cov_y_spouse_inc fl_cor_y_spouse_inc fl_cov_yshr_interest fl_cor_yshr_interest fl_cov_yshr_wage fl_cor_yshr_wage fl_cov_yshr_SS fl_cor_yshr_SS fl_cov_yshr_tax fl_cor_yshr_tax fl_cov_yshr_nttxss fl_cor_yshr_nttxss fracByP0_01 fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP20 fracByP25 fracByP30 fracByP40 fracByP50 fracByP60 fracByP70 fracByP75 fracByP80 fracByP90 fracByP95 fracByP99 fracByP99_9 fracByP99_99
________ ______________ ________ _________ _______ ________ _______ ________ _______ _______ __________ __________ ________ ________ ________ ________ __________ _________ _________ ________ ________ ________ ________ _______ _______ ________ _______ _______ _______ _______ _______ ___________ ___________ ____________ ____________ ______________ ______________ ___________ ___________ ____________ ____________ _________________ _________________ __________________ __________________ ___________________ ___________________ ____________________ ____________________ ________________ ________________ ______________ ______________ _______________ _______________ __________________ __________________ ___________ __________ _________ _________ __________ __________ _________ _________ _________ _________ _________ _________ _________ __________ _________ _________ _________ ___________ ____________
a_ss 4.3602 2228 6.8796 1.5778 0.6755 0 135 0.11808 0 0.88192 0.11808 6.8049e-06 0 0 0 0 0 0.064373 0.17664 0.37542 0.88989 1.7381 3.0034 4.7693 5.4836 7.1191 12.56 16.875 30.548 56.953 90.439 47.329 1 47.318 0.99439 3.476 0.72826 -1.478 -0.14945 4.5793 0.45389 3.9427 0.56573 1.8957 0.29692 0.63663 0.096963 0.80041 0.6619 -0.80811 -0.34878 0.007703 0.0049412 0.10041 0.40929 0.09271 0.054578 0 0 0 0 0 0.00071111 0.0023543 0.0065355 0.023222 0.057104 0.11454 0.2027 0.23918 0.32171 0.55921 0.69427 0.90202 0.9849 0.99794
ap_ss 4.4621 5.3216e+08 6.9169 1.5501 0.67638 0 163.73 0.097968 0 0.90203 0.097968 2.2836e-12 0 0 0 0 0.00051498 0.083002 0.20935 0.39434 0.90689 1.6906 2.8912 4.7054 5.9044 7.4694 12.521 17.769 31.792 57.866 90.717 47.318 0.99439 47.844 1 3.5799 0.74597 -1.4406 -0.14488 5.4304 0.53534 4.2301 0.60369 2.208 0.34397 1.2003 0.18183 0.75231 0.61877 -0.71978 -0.30898 -0.03253 -0.020754 0.11154 0.45221 0.14407 0.084358 0 0 0 0 1.8925e-07 0.0007016 0.0022849 0.0056773 0.019937 0.048358 0.098974 0.18293 0.24222 0.31675 0.53294 0.69899 0.9039 0.98396 0.99764
cons_ss 1.0635 5.0787e+07 0.6938 0.65237 0.33936 0.036717 141.61 0 0 1 8.6094e-07 0 0.066342 0.10404 0.18515 0.27323 0.35662 0.49455 0.56067 0.62765 0.76677 0.91665 1.0828 1.2762 1.3916 1.5274 1.9354 2.3449 3.4017 5.2893 7.5592 3.476 0.72826 3.5799 0.74597 0.48135 1 0.23978 0.24042 0.7718 0.75854 0.5704 0.81157 0.43323 0.67286 0.2014 0.30417 0.03747 0.30725 -0.0042544 -0.018207 -0.033215 -0.21127 0.018848 0.76179 0.052063 0.30392 5.4726e-06 8.2626e-05 0.0013773 0.010075 0.024991 0.065093 0.089893 0.11782 0.1833 0.26234 0.35614 0.46671 0.52936 0.59788 0.75856 0.85803 0.96048 0.99413 0.99921
n_ss 2.3554 21 1.4375 0.61029 0.3128 1 6 0 0 1 0.36005 0.041101 1 1 1 1 1 1 1 1 2 2 2 3 3 4 5 5 6 6 6 -1.478 -0.14945 -1.4406 -0.14488 0.23978 0.24042 2.0664 1 0.36196 0.1717 0.09459 0.064956 0.19345 0.14501 0.26737 0.19489 -0.072581 -0.28725 0.17131 0.35386 -0.098733 -0.3031 0.013683 0.26692 0.11242 0.31672 0.15286 0.15286 0.15286 0.15286 0.15286 0.15286 0.15286 0.15286 0.40183 0.40183 0.40183 0.56321 0.56321 0.75407 0.8953 0.8953 1 1 1
y_all 1.4661 8.3558e+07 1.4665 1.0003 0.44546 0.038108 50.873 0 0 1 8.6094e-07 2.2836e-12 0.069931 0.11208 0.20327 0.26924 0.34663 0.49947 0.57738 0.65537 0.82916 1.0312 1.2832 1.6179 1.8375 2.1165 3.0585 4.0476 6.9072 14.815 21.023 4.5793 0.45389 5.4304 0.53534 0.7718 0.75854 0.36196 0.1717 2.1507 1 1.1331 0.76267 0.98441 0.7233 1.0177 0.7271 -0.014203 -0.055097 0.10973 0.22217 -0.095531 -0.28746 0.039306 0.75157 0.13484 0.37237 4.2573e-06 6.3235e-05 0.0010873 0.0076055 0.018124 0.047 0.065314 0.086292 0.1368 0.20002 0.27863 0.37699 0.43577 0.50297 0.67532 0.79442 0.93109 0.988 0.99841
y_head_inc 1.1081 1.9253e+06 1.013 0.91419 0.42164 0.038108 24.357 0 0 1 1.2258e-06 1.694e-09 0.065666 0.1034 0.17983 0.24742 0.30438 0.41077 0.47063 0.52838 0.65292 0.8006 0.98455 1.2279 1.3881 1.5859 2.2533 2.9937 5.0375 8.8678 13.702 3.9427 0.56573 4.2301 0.60369 0.5704 0.81157 0.09459 0.064956 1.1331 0.76267 1.0262 1 0.89528 0.95229 0.10683 0.1105 0.0035862 0.02014 0.064337 0.18857 -0.067923 -0.29589 0.025209 0.69781 0.093132 0.37233 5.2131e-06 7.7569e-05 0.0013113 0.0094768 0.022842 0.055458 0.076507 0.096841 0.1495 0.21496 0.29527 0.3946 0.4535 0.52044 0.68972 0.80585 0.9399 0.99015 0.99857
y_head_earn 0.88655 19732 0.92804 1.0468 0.53121 0 18.957 0.2016 0 0.7984 0.2016 1.2258e-07 0 0 0 0 0 0 0.28106 0.37421 0.52794 0.68288 0.85118 1.0805 1.2168 1.3913 1.9622 2.5935 4.2881 7.4575 11.644 1.8957 0.29692 2.208 0.34397 0.43323 0.67286 0.19345 0.14501 0.98441 0.7233 0.89528 0.95229 0.86126 1 0.089134 0.10064 -0.039646 -0.24304 0.12593 0.40291 -0.086287 -0.41031 0.022414 0.67725 0.1087 0.47437 0 0 0 0 0 0 0.011684 0.030168 0.080999 0.1488 0.23502 0.34392 0.40836 0.48157 0.66665 0.79244 0.93633 0.98962 0.99849
y_spouse_inc 0.35797 4.827e+05 0.95437 2.6661 0.85269 0 26.627 0.52499 0 0.47501 0.52499 1.9415e-10 0 0 0 0 0 0 0 0 0 0 0.1002 0.26236 0.35911 0.45945 0.88325 1.9998 3.3624 12.834 17.794 0.63663 0.096963 1.2003 0.18183 0.2014 0.30417 0.26737 0.19489 1.0177 0.7271 0.10683 0.1105 0.089134 0.10064 0.91083 1 -0.017789 -0.10604 0.045397 0.14124 -0.027608 -0.12766 0.014097 0.4142 0.041705 0.17698 0 0 0 0 0 0 0 0 0 0 0.012673 0.062275 0.10534 0.16263 0.32833 0.52547 0.80928 0.95801 0.99466
yshr_interest 0.12865 3.8438e+06 0.17577 1.3663 0.65781 0 0.99299 0.11808 0 0.88192 0.11808 0 0 0 0 0 0 0.0026411 0.0067149 0.012816 0.029566 0.054027 0.089573 0.13973 0.1741 0.2187 0.39107 0.54752 0.74727 0.86028 0.91481 0.80041 0.6619 0.75231 0.61877 0.03747 0.30725 -0.072581 -0.28725 -0.014203 -0.055097 0.0035862 0.02014 -0.039646 -0.24304 -0.017789 -0.10604 0.030897 1 -0.046487 -0.78527 0.015591 0.39143 -6.1614e-05 -0.0098294 -0.015653 -0.36065 0 0 0 0 0 0.00070705 0.0024473 0.0062059 0.022256 0.054106 0.10916 0.19743 0.25844 0.33449 0.57087 0.74007 0.93773 0.99314 0.99928
yshr_wage 0.77402 8.8881e+06 0.33679 0.43512 0.2062 0 1 0.10584 0 0.89416 0.10584 0.1117 0 0 0 0 0 0.64562 0.76513 0.82574 0.89607 0.93893 0.96712 0.98555 0.99223 0.99687 1 1 1 1 1 -0.80811 -0.34878 -0.71978 -0.30898 -0.0042544 -0.018207 0.17131 0.35386 0.10973 0.22217 0.064337 0.18857 0.12593 0.40291 0.045397 0.14124 -0.046487 -0.78527 0.11343 1 -0.06694 -0.87712 0.0042342 0.35255 0.071175 0.85589 0 0 0 0 0 0.036059 0.082214 0.13376 0.2454 0.36413 0.48739 0.61361 0.6775 0.7418 1 1 1 1 1
yshr_SS 0.097329 29012 0.2266 2.3282 0.91382 0 1 0.7984 0 0.2016 0.7984 0.005851 0 0 0 0 0 0 0 0 0 0 0 0 0 0.079765 0.43585 0.68492 0.98018 1 1 0.007703 0.0049412 -0.03253 -0.020754 -0.033215 -0.21127 -0.098733 -0.3031 -0.095531 -0.28746 -0.067923 -0.29589 -0.086287 -0.41031 -0.027608 -0.12766 0.015591 0.39143 -0.06694 -0.87712 0.051349 1 -0.0041726 -0.51635 -0.055522 -0.99232 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00087521 0.28391 0.57844 0.8997 1 1
yshr_tax 0.17833 2.8338e+06 0.035661 0.19998 0.11386 0.036506 0.2552 0 0 1 8.6094e-07 2.2836e-12 0.054112 0.071805 0.098913 0.11316 0.12645 0.14591 0.15354 0.16011 0.17194 0.18233 0.19206 0.20154 0.20634 0.21134 0.2227 0.22979 0.24005 0.24896 0.25148 0.10041 0.40929 0.11154 0.45221 0.018848 0.76179 0.013683 0.26692 0.039306 0.75157 0.025209 0.69781 0.022414 0.67725 0.014097 0.4142 -6.1614e-05 -0.0098294 0.0042342 0.35255 -0.0041726 -0.51635 0.0012717 1 0.0054443 0.61831 2.8386e-05 0.00035854 0.0048507 0.02883 0.062514 0.13924 0.18121 0.22517 0.31837 0.41773 0.52273 0.6331 0.69028 0.74883 0.87042 0.93381 0.9863 0.9986 0.99986
yshr_nttxss 0.080996 2.8048e+06 0.24691 3.0485 1.2592 -0.89715 0.2552 0 0.17487 0.82513 0.0046688 2.2836e-12 -0.89715 -0.89715 -0.87632 -0.55668 -0.28938 0.089704 0.12767 0.14393 0.16376 0.17779 0.18942 0.20008 0.20534 0.21073 0.22249 0.22962 0.23995 0.24896 0.25148 0.09271 0.054578 0.14407 0.084358 0.052063 0.30392 0.11242 0.31672 0.13484 0.37237 0.093132 0.37233 0.1087 0.47437 0.041705 0.17698 -0.015653 -0.36065 0.071175 0.85589 -0.055522 -0.99232 0.0054443 0.61831 0.060966 1 -0.051713 -0.051713 -0.11699 -0.46646 -0.71714 -0.82936 -0.75963 -0.6753 -0.48446 -0.27326 -0.04639 0.1941 0.31924 0.44766 0.71492 0.85436 0.96984 0.99691 0.99969