Mahler & Yum (2024)

Example implementation of the lifecycle model from Mahler & Yum (2024).

Two regimes (alive/dead), nine states including health, education, productivity type, and health type. Three actions: labor supply, saving, and health effort. Features stochastic health and regime transitions, AR(1) productivity shocks, and discount-factor heterogeneity. Ships with calibrated data files for survival probabilities and initial distributions.

in a CUDA environment (e.g., `pixi run -e cuda13 python your_script.py`). ::::

[View source on GitHub](https://github.com/OpenSourceEconomics/pylcm/blob/main/src/lcm_examples/mahler_yum_2024/__init__.py)

## Usage

```python
from lcm_examples.mahler_yum_2024 import (
    MAHLER_YUM_MODEL,
    START_PARAMS,
    create_inputs,
)

model_params, initial_conditions = create_inputs(
    seed=7235,
    n_simulation_subjects=1_000,
    params=START_PARAMS,
)

result = MAHLER_YUM_MODEL.simulate(
    params={"alive": model_params},
    initial_conditions=initial_conditions,
    period_to_regime_to_V_arr=None,
    log_level="debug",
    seed=8295,
)
```

References¶

Mahler, L., & Yum, M. (2024). Lifestyle Behaviors and Wealth-Health Gaps in Germany. Econometrica, 92(5), 1307–1343. 10.3982/ECTA20603