A methodological survey of dynamic microsimulation models
AbstractMore than 10 years ago O'Donoghue (2001) surveyed the dynamic microsimulation models that had been developed up to that point. However the 2000's have seen many of the barriers that existed for model development up until that point overcome. This paper surveys the development and practices in dynamic microsimulation over the past decade, and discusses the methodological challenges today. The paper provides an overview of the methodological choices made in more than 60 known dynamic microsimulation models and examines the advantages and disadvantages of different practices. In addition, this paper reviews the main progress made in the field and explores how future microsimulation models could evolve.
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Bibliographic InfoPaper provided by United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT) in its series MERIT Working Papers with number 002.
Date of creation: 2012
Date of revision:
Dynamic Microsimulation; Survey;
Find related papers by JEL classification:
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
- C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
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