Deep learning classification: modeling discrete labor choice

DOI10.1016/J.JEDC.2021.104295MaRDI QIDQ2115964zbMATH OpenOpenAlexFDO

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

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)

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Cites work

• 2018 Klein lecture: individual and aggregate labor supply in heterogeneous agent economies with intensive and extensive margins
• A Quantitative Theory of Unsecured Consumer Credit with Risk of Default
• A method for solving and estimating heterogeneous agent macro models
• Comparison of solutions to the incomplete markets model with aggregate uncertainty
• Deep learning
• Discrete Choice Methods with Simulation
• Effects of taxes and safety net pensions on life-cycle labor supply, savings and human capital: the case of Australia
• Exploiting MIT shocks in heterogeneous-agent economies: the impulse response as a numerical derivative
• Merging AI and OR to solve high-dimensional stochastic optimization problems using approximate dynamic programming
• Numerically stable and accurate stochastic simulation approaches for solving dynamic economic models
• Parameterized expectations algorithm: how to solve for labor easily
• Reinforcement learning. An introduction
• Solving an incomplete markets model with a large cross-section of agents
• 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
• The method of endogenous gridpoints for solving dynamic stochastic optimization problems
• 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

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
• scientific article; zbMATH DE number 7641085 (Why is no real title available?)
• Optimizing high-dimensional stochastic forestry \textit{via} reinforcement learning

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