The model speci fications presented below correspond to those benchmarked in WKPELA 2018. The main
difference is that results are presented now for the end of the second quarter of each year instead of being presented at the end of the fourth quarter. This responds to practical modi cations in the de nition of the assessment year, now it goes from July 1st to June 30th of the next year. Model speci fications for this year are presented in section 2.2 and ??, as well as estimated parameters after optimization in Table 2.
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