The Simulator of Individual Dynamic Decisions, SIDD – User Manual

Pub. Date
10 February, 2014
Pub. Type

This document provides an overview of programming code that underlies the Simulator of Individual Dynamic Decisions (SIDD). SIDD is designed to implement a structural model of dynamic decisions, focussing predominantly on the consumption/savings and labour/leisure margins. The structural model upon which SIDD is based assumes that individuals make their decisions to maximise the expected lifetime utility of their respective families. Importantly, SIDD is designed to solve lifetime decisions, taking into account uncertainty associated with a wide range of characteristics.