Deep learning classification: modeling discrete labor choice

DOI10.1016/J.JEDC.2021.104295OpenAlexW3105039538MaRDI QIDQ2115964FDOQ2115964

Authors: L. Maliar, S. Maliar 

Publication date: 15 March 2022

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2021.104295

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zbMATH Keywords

classificationdeep learninglogistic regressionmachine learningartificial intelligenceneural networkdiscrete choiceindivisible laborsoftmax regression

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Cites Work

• Deep learning
• Discrete Choice Methods with Simulation
• Reinforcement learning. An introduction
• The method of endogenous gridpoints for solving dynamic stochastic optimization problems
• Comparison of solutions to the incomplete markets model with aggregate uncertainty
• Merging AI and OR to solve high-dimensional stochastic optimization problems using approximate dynamic programming
• A Quantitative Theory of Unsecured Consumer Credit with Risk of Default
• Numerically stable and accurate stochastic simulation approaches for solving dynamic economic models
• Parameterized expectations algorithm: how to solve for labor easily
• Solving an incomplete markets model with a large cross-section of agents
• A method for solving and estimating heterogeneous agent macro models
• Solving discrete time heterogeneous agent models with aggregate risk and many idiosyncratic states by perturbation
• The endogenous grid method for discrete-continuous dynamic choice models with (or without) taste shocks
• Exploiting MIT shocks in heterogeneous-agent economies: the impulse response as a numerical derivative
• Effects of taxes and safety net pensions on life-cycle labor supply, savings and human capital: the case of Australia
• The role of automatic stabilizers in the U.S. business cycle
• When the U.S. catches a cold, Canada sneezes: a lower-bound tale told by deep learning
• 2018 Klein lecture: individual and aggregate labor supply in heterogeneous agent economies with intensive and extensive margins

Cited In (5)

• DEEP EQUILIBRIUM NETS
• A machine learning projection method for macro-finance models
• Artificial neural networks to solve dynamic programming problems: a bias-corrected Monte Carlo operator
• Title not available (Why is that?)
• Optimizing high-dimensional stochastic forestry \textit{via} reinforcement learning

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