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

Author

Listed:
  • 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.

Suggested Citation

  • Cathal O'Donoghue & John Lennon & Stephen Hynes, 2009. "The Life-Cycle Income Analysis Model (LIAM): a study of a flexible dynamic microsimulation modelling computing framework," International Journal of Microsimulation, International Microsimulation Association, vol. 2(1), pages 16-31.
  • Handle: RePEc:ijm:journl:v:2:y:2009:i:1:p:16-31
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    File URL: http://ima.natsem.canberra.edu.au/IJM/V2_1/IJM_2_1_2.pdf
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    References listed on IDEAS

    as
    1. Cathal O'Donoghue & Massimo Baldini, 2004. "Modelling the Redistributive Impact of Indirect Taxes in Europe: An Application of EUROMOD," Working Papers 0077, National University of Ireland Galway, Department of Economics, revised 2004.
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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, vol. 42(3), pages 237-270.
    2. D. Blanchet & E. Crenner, 2010. "The pension projection package of the Destinie 2 model: users guide," Documents de Travail de la DESE - Working Papers of the DESE g2010-14, Institut National de la Statistique et des Etudes Economiques, DESE.
    3. Islam, Nizamul & Flood, Lennart, 2015. "A Tax Benefit Model for Policy Evaluation in Luxembourg: LuxTaxBen," IZA Discussion Papers 9152, Institute for the Study of Labor (IZA).
    4. Denisa Sologon, 2014. "Book review: “New Pathways to Microsimulation”," International Journal of Microsimulation, International Microsimulation Association, vol. 7(3), pages 80-86.
    5. Robert Tanton, 2014. "A Review of Spatial Microsimulation Methods," International Journal of Microsimulation, International Microsimulation Association, vol. 7(1), pages 4-25.
    6. 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).
    7. 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).
    8. 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, vol. 16(1), pages 1-6.
    9. Jinjing Li & Cathal O'Donoghue, 2013. "A survey of dynamic microsimulation models: uses, model structure and methodology," International Journal of Microsimulation, International Microsimulation Association, vol. 6(2), pages 3-55.
    10. 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 1010, Federal Planning Bureau, Belgium.
    11. Hänisch, Carsten & Klos, Jonas, 2016. "Long-run effects of career interruptions: A micro-simulation study," Discussion Paper Series 2016-03, University of Freiburg, Wilfried Guth Endowed Chair for Constitutional Political Economy and Competition Policy.
    12. 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.
    13. 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, vol. 15(1), pages 1-8.

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