Exogenous Variable | Value |
Preference to consume in the working period () | 0.54 |
Preference to consume in the retirement period () | 0.46 |
Capital share rate () | 0.3 |
Labor share rate () | 0.7 |
Number of children per household | 1.29 |
Necessary number of long-term care workers per surviving elderly persons | 0.04 |