{"id":{"repo_id":"potsdam-diss","oai_identifier":"oai:kobv.de-opus4-uni-potsdam:3195"},"canonical_url":"https://search.dev.ndltd.org/etd/potsdam-diss/oai:kobv.de-opus4-uni-potsdam:3195","repository":{"repo_id":"potsdam-diss","name":"Universität Potsdam - Diss","base_url":"https://publishup.uni-potsdam.de/opus4-ubp/oai"},"display":{"title":"A dynamic life cycle model for Germany with unemployment uncertainty","abstract":"This work analyzes the saving and consumption behavior of agents faced with the possibility of unemployment in a dynamic and stochastic life cycle model. The intertemporal optimization is based on Dynamic Programming with a backward recursion algorithm. The implemented uncertainty is not based on income shocks as it is done in traditional life cycle models but uses Markov probabilities where the probability for the next employment status of the agent depends on the current status. The utility function used is a CRRA function (constant relative risk aversion), combined with a CES function (constant elasticity of substitution) and has several consumption goods, a subsistence level, money and a bequest function.","abstract_html":"This work analyzes the saving and consumption behavior of agents faced with the possibility of unemployment in a dynamic and stochastic life cycle model. The intertemporal optimization is based on Dynamic Programming with a backward recursion algorithm. The implemented uncertainty is not based on income shocks as it is done in traditional life cycle models but uses Markov probabilities where the probability for the next employment status of the agent depends on the current status. The utility function used is a CRRA function (constant relative risk aversion), combined with a CES function (constant elasticity of substitution) and has several consumption goods, a subsistence level, money and a bequest function.","abstract_has_math":false,"creators":["Biewald, Anne"],"institution":"Universität Potsdam","degree_name":null,"degree_level":"thesis.doctoral","degree_discipline":null,"degree_department":null,"school":null,"contributors":["Jaeger, Carlo"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2009,"date_issued":"2009-07-07","date_published":"2009-07-07","updated_at":"2026-07-24T03:51:27Z","subjects":["Lebenszyklusmodell","Deutschland","Arbeitslosigkeit","Markov Wahrscheinlichkeiten","Sparraten","life cycle model","Germany","unemployment","markov chains","saving rates"],"languages":[],"rights":["Keine öffentliche Lizenz: Unter Urheberrechtsschutz"],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://publishup.uni-potsdam.de/frontdoor/index/index/docId/3195","outbound_label":"Repository record","outbound_source":"source_url"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Jaeger, Carlo"]},{"key":"dc:creator","label":"Author","values":["Biewald, Anne"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:publisher","label":"Institution","values":["Universität Potsdam"]},{"key":"dc:type","label":"Dc Type","values":["doctoralThesis"]},{"key":"thesis:degree_level","label":"Degree Level","values":["thesis.doctoral"]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["Universität Potsdam"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Lebenszyklusmodell","Deutschland","Arbeitslosigkeit","Markov Wahrscheinlichkeiten","Sparraten","life cycle model","Germany","unemployment","markov chains","saving rates"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:rights","label":"Dc Rights","values":["Keine öffentliche Lizenz: Unter Urheberrechtsschutz"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["This work analyzes the saving and consumption behavior of agents faced with the possibility of unemployment in a dynamic and stochastic life cycle model. The intertemporal optimization is based on Dynamic Programming with a backward recursion algorithm. The implemented uncertainty is not based on income shocks as it is done in traditional life cycle models but uses Markov probabilities where the probability for the next employment status of the agent depends on the current status. The utility function used is a CRRA function (constant relative risk aversion), combined with a CES function (constant elasticity of substitution) and has several consumption goods, a subsistence level, money and a bequest function.","Diese Arbeit modelliert das Spar- und Konsumverhalten von Individuen in Deutschland mit einem Lebenszyklusmodell. Dabei hat das Modell zwei Besonderheiten, erstens trifft die Möglichkeit arbeitslos zu werden nicht jeden Agenten des Models mit der gleichen Wahrscheinlichkeit, sondern wird von Bildungsabschluss und dem Beschäftigungsstatus des Agenten beeinflußt und zweitens weicht die verwendete Nutzenfunktion von den Standardnutzenfunktionen ab und implementiert Vererbung, Geld, verschiedene Güter und Subsistenzlevel. Der Optimierungsalgorithmus basiert auf Dynamischer Programmierung."]},{"key":"dc:format.medium","label":"Dc Format Medium","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["A dynamic life cycle model for Germany with unemployment uncertainty","Ein dynamisch, stochastisches Lebenszyklusmodell für Deutschland mit Beschäftigungsunsicherheit"]}]}],"canonical_facts":{"dc:contributor":["Jaeger, Carlo"],"dc:creator":["Biewald, Anne"],"dc:description.abstract":["This work analyzes the saving and consumption behavior of agents faced with the possibility of unemployment in a dynamic and stochastic life cycle model. The intertemporal optimization is based on Dynamic Programming with a backward recursion algorithm. The implemented uncertainty is not based on income shocks as it is done in traditional life cycle models but uses Markov probabilities where the probability for the next employment status of the agent depends on the current status. The utility function used is a CRRA function (constant relative risk aversion), combined with a CES function (constant elasticity of substitution) and has several consumption goods, a subsistence level, money and a bequest function.","Diese Arbeit modelliert das Spar- und Konsumverhalten von Individuen in Deutschland mit einem Lebenszyklusmodell. Dabei hat das Modell zwei Besonderheiten, erstens trifft die Möglichkeit arbeitslos zu werden nicht jeden Agenten des Models mit der gleichen Wahrscheinlichkeit, sondern wird von Bildungsabschluss und dem Beschäftigungsstatus des Agenten beeinflußt und zweitens weicht die verwendete Nutzenfunktion von den Standardnutzenfunktionen ab und implementiert Vererbung, Geld, verschiedene Güter und Subsistenzlevel. Der Optimierungsalgorithmus basiert auf Dynamischer Programmierung."],"dc:format.medium":["application/pdf"],"dc:publisher":["Universität Potsdam"],"dc:rights":["Keine öffentliche Lizenz: Unter Urheberrechtsschutz"],"dc:subject":["Lebenszyklusmodell","Deutschland","Arbeitslosigkeit","Markov Wahrscheinlichkeiten","Sparraten","life cycle model","Germany","unemployment","markov chains","saving rates"],"dc:title":["A dynamic life cycle model for Germany with unemployment uncertainty","Ein dynamisch, stochastisches Lebenszyklusmodell für Deutschland mit Beschäftigungsunsicherheit"],"dc:type":["doctoralThesis"],"thesis:degree_level":["thesis.doctoral"],"thesis:institution_name":["Universität Potsdam"]},"updated_at":"2026-07-24T03:51:27Z"}