Author Archives: zchen

Wage, Wealth, Employment, and Immigrant

My work over the Ford period focused on understanding the mechanism described in a paper by Chaumont and Shi, 2022, by replicating it using python. Initially, it was challenging for me to sufficiently understand Chaumont and Shi’s work without much prior knowledge of the field of job transitioning and wealth study. With the aid of Professor Argudo who patiently answered all my questions over several meetings, I grasped enough to start my own replication. The process was still demanding, but through trials and errors, I have acquired similar results using the method of Value function iteration (VFI). I am familiar with VFI thanks to ECON 304 with Professor Argudo from the previous semester, but tackling such a task with so much independence as I have in the Ford program was something I have never done before. For me, It was a pleasure to receive this opportunity through Ford to assist in professor Argudo’s research and challenge myself outside of my comfort zone.