Explanations

Explanations help you deepen your knowledge on the concepts and topics behind respy. This section provides an theoretical outline of the class of economic models that can be implemented using respy and points you towards further literature to deepen your understanding.

Modeling Framework

The explanations below showcase what type of economic models respy can be applied to using the example of Keane and Wolpin (1997, [13]), which constitutes not only a seminal contribution to labor economic and structural econometric literature, but also served as one of the foundation stones in respy’s design and construction. The guides can therefore serve as inspiration for specifying your own model with respy.

Additional Information

Find a short outline of a related model frequently encountered in the documentation, a bibliography of the literature mentioned in the explanations, and a glossary of terms found throughout the respy documentation.