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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, Teagasc, Ireland)

  • John Lennon

    (Rural Economy Research Centre, Teagasc, Ireland)

  • Stephen Hynes

    (Rural Economy Research Centre, 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.

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File URL: http://cerp.unito.it/index.php/en/publications/working-papers/638-the-life-cycle-income-analysis-model-liam-a-study-of-a-flexible-dynamic-microsimulation-modelling-computing-framework
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Bibliographic Info

Paper provided by Center for Research on Pensions and Welfare Policies, Turin (Italy) in its series CeRP Working Papers with number 85.

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Length: 33 pages
Date of creation: Apr 2009
Date of revision:
Handle: RePEc:crp:wpaper:85

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Keywords: Microsimulation; Computation;

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References

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  1. O'Donoghue, Cathal & Baldini, Massimo & Mantovani, Daniela, 2004. "Modelling the redistributive impact of indirect taxes in Europe: an application of EUROMOD," EUROMOD Working Papers EM7/01, EUROMOD at the Institute for Social and Economic Research.
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Citations

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Cited by:
  1. 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.
  2. 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.
  3. 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.
  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. 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.
  6. Robert Tanton, 2014. "A Review of Spatial Microsimulation Methods," International Journal of Microsimulation, Interational Microsimulation Association, vol. 7(1), pages 4-25.
  7. Jinjing Li & Cathal O'Donoghue, 2013. "A survey of dynamic microsimulation models: uses, model structure and methodology," International Journal of Microsimulation, Interational Microsimulation Association, vol. 6(2), pages 3-55.
  8. 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).
  9. 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.

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