This directory contains results for the sensitivity analysis in:

     On Financing Retirement with an Aging Population
     Ellen McGrattan and Edward Prescott
     Staff Reports 472/473

To rerun any codes, copy the *.inp file to trantf.inp and run
../codes/trantf.f90 (or trantf_e.f90 for the case with a flexible
labor elasticity parameter). To compute summary statistics, load 
the .dat files in Matlab and run ../codes/plottrantf and then
../codes/plotgini.

    Subdirectories       Brief Description
    ==============       =================
   ./bequests            No annuity markets and interfamily transfers
   ./bigdebt             Debt to GNP equal to 1
   ./biggovt             Larger government consumption
   ./elasticity          Lower labor elasticity 
   ./epsrising           Age-dependent productivities (Hansen)
   ./extremee            Extremely low labor elasticity
   ./lifeexp             Life expectancy rising with productivity
   ./morebins            More productivity levels
   ./moretau             More AGI bins (to be compared to onesector)
   ./noannuity           No annuity markets
   ./onesector           One-sector, one-capital version (with more AGI bins)
   ./profiles            Productivities based on CPS family data
   ./smallgovt           Smaller government consumption
   ./ssonly              Medicare not phased out

Ellen McGrattan
February 2016