Description Usage Arguments Details Value Author(s) Examples
Calculates CRRA utility from u(Resources, wage, hsize, params )
1  ufun_Atta_L(Resources, wage, hsize, params)

Resources 
a numeric matrix 
wage 
either a scalar or a vector of length 
hsize 
either a scalar or a vector of length 
params 
list of scalar parameters:

computes CRRA utility of u(c,l,h,params).
u(c,l,h) = (c^alpha * l^1alpha)^1gamma / (1gamma) * exp( theta * phi(h) ) + mu * phi(h), phi(h) = 0 if h=0, phi(h) = phival if h=1, phi(h) = 1 if h=2
Computes a quadratic approximation to u() for values of consumption such that c < c*, where c* > 0. Resoures can be a scalar, a vector or a matrix. Utility is computed on all elements. Some care needs to be taken when supplying a matrix of consumption values: the corresponding vector of house sizes needs to be either a scalar (same house size at all cons values) or of length nrow(Resources)
List with three components:
utility 
Numeric matrix of CRRA utility values. quadratic approximation for c<c* 
consumption 
Numeric matrix of consumption values. 
labour 
Numeric matrix of labour supplied. (fraction of time spent working.) 
1 2 3 4  ## Not run:
examples
## End(Not run)

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