Long-run Effects of Super Low Fertility on Housing Markets

Description

Title: MATLAB Codes for "Long-run Effects of Super Low Fertility on Housing Markets" Description: This repository contains MATLAB code used in the paper "Long-run Effects of Super Low Fertility on Housing Markets." The project features an overlapping generations (OLG) general equilibrium model incorporating housing markets and demographic transitions specific to South Korea. The included MATLAB scripts simulate the model and generate the results and figures reported in the main text of the paper. Requirements: The code is written in MATLAB, a high-level language developed by MathWorks. While MATLAB is a commercial product, the included code can be run using MATLAB Online, MATLAB Runtime, or through an institutional license—most economics departments will have one. No separate license purchase is necessary to run this code if you use these alternatives. Folder Structure: Code_Baseline/ Contains the core MATLAB scripts used to produce the main results of the paper. Code_OpenEconomy/ Includes MATLAB scripts for a robustness check based on a small open economy variation of the model. How to Run: To reproduce all key tables and figures from the main text: Navigate to the root directory in MATLAB. Run KOR_runme_2024.m This will execute the baseline model and generate all relevant outputs. Contact: For questions or comments, please contact the authors of the paper (jylee22@inu.ac.kr or hsuh@inha.ac.kr).

Steps to reproduce

To reproduce all key tables and figures from the main text: Navigate to the root directory in MATLAB. Run KOR_runme_2024.m This will execute the baseline model and generate all relevant outputs.

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