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The Life-Cycle Income Analysis Model (LIAM): a study of a flexible dynamic microsimulation modelling computing framework

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Author Info

  • Cathal O'Donoghue

    ()
    (Rural Economy Research Centre (RERC), Teagasc, Ireland)

  • John Lennon

    ()
    (Rural Economy Research Centre (RERC), Teagasc, Ireland)

  • Stephen Hynes

    ()
    (Rural Economy Research Centre (RERC), Teagasc, Ireland)

Abstract

This paper describes a flexible computing framework designed to create a dynamic microsimulation model, the Life-cycle Income Analysis Model (LIAM). The principle computing characteristics include the degree of modularisation, parameterisation, generalisation and robustness. The paper describes the decisions taken with regard to type of dynamic model used. The LIAM framework has been used to create a number of different microsimulation models, including an Irish dynamic cohort model, a spatial dynamic microsimulation model for Ireland, an indirect tax and consumption model for EU15 as part of EUROMOD and a prototype EU dynamic population microsimulation model for 5 EU countries. Particular consideration is given to issues of parameterisation, alignment and computational efficiency.

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File URL: http://ima.natsem.canberra.edu.au/IJM/V2_1/IJM_2_1_2.pdf
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Bibliographic Info

Article provided by Interational Microsimulation Association in its journal International Journal of Microsimulation.

Volume (Year): 2 (2009)
Issue (Month): 1 ()
Pages: 16-31

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Handle: RePEc:ijm:journl:v:2:y:2009:i:1:p:16-31

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Web page: http://ima.natsem.canberra.edu.au/index.htm

Related research

Keywords: flexible; modular; dynamic; alignment; parameterisation; computational efficiency;

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  1. Cathal O'Donoghue & Massimo Baldini, 2004. "Modelling the Redistributive Impact of Indirect Taxes in Europe: An Application of EUROMOD," Working Papers, National University of Ireland Galway, Department of Economics 0077, National University of Ireland Galway, Department of Economics, revised 2004.
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Cited by:
  1. Oliver Mannion & Roy Lay-Yee & Wendy Wrapson & Peter Davis & Janet Pearson, 2012. "JAMSIM: a Microsimulation Modelling Policy Tool," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 15(1), pages 8.
  2. Jinjing Li & Cathal O'Donoghue, 2013. "A survey of dynamic microsimulation models: uses, model structure and methodology," International Journal of Microsimulation, Interational Microsimulation Association, Interational Microsimulation Association, vol. 6(2), pages 3-55.
  3. Lyndon Walker & Peter Davis, 2013. "Modelling \"Marriage Markets\": A Population-Scale Implementation and Parameter Test," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 16(1), pages 6.
  4. Flannery, Darragh & O'Donoghue, Cathal, 2011. "Lifecycle Impact of Alternative Higher Education Finance Systems in Ireland," IZA Discussion Papers 5626, Institute for the Study of Labor (IZA).
  5. Greet De Vil & Gijs Dekkers & Raphael Desmet, 2010. "Working Paper 10-10 - The long-term adequacy of the Belgian public pension system: An analysis based on the MIDAS model," Working Papers, Federal Planning Bureau, Belgium 1010, Federal Planning Bureau, Belgium.
  6. Robert Tanton, 2014. "A Review of Spatial Microsimulation Methods," International Journal of Microsimulation, Interational Microsimulation Association, Interational Microsimulation Association, vol. 7(1), pages 4-25.
  7. Dekkers, Gijs & Desmet, Raphaël, 2011. "Taking two to tango: the joint prospective assessment of pension sustainability and adequacy in Belgium," MPRA Paper 36138, University Library of Munich, Germany.
  8. Darragh Flannery & Cathal O’Donoghue, 2011. "The Life-cycle Impact of Alternative Higher Education Finance Systems in Ireland," The Economic and Social Review, Economic and Social Studies, Economic and Social Studies, vol. 42(3), pages 237–270.
  9. Li, Jinjing & O'Donoghue, Cathal, 2011. "Incentives of Retirement Transition for Elderly Workers: An Analysis of Actual and Simulated Replacement Rates in Ireland," IZA Discussion Papers 5865, Institute for the Study of Labor (IZA).

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