IDEAS home Printed from https://ideas.repec.org/p/cbo/wpaper/18295.html
   My bibliography  Save this paper

Economic Flexibility in Microsimulation: An Age-Centered Regression Approach: Working Paper 2007-02

Author

Listed:
  • John Sabelhaus
  • Lina Walker

Abstract

This paper describes a strategy for estimating predictive equations that has been shown to work well in microsimulation modeling. The technique, referred to here as "age-centered regression," is particularly useful when the available data set for estimating a model equation is limited and the marginal effect of one or more explanatory variables might be expected to vary systematically by age. The examples used here to describe how age-centering works are taken from the labor supply equations in the Congressional Budget Office Long-Term (CBOLT) dynamic

Suggested Citation

  • John Sabelhaus & Lina Walker, 2007. "Economic Flexibility in Microsimulation: An Age-Centered Regression Approach: Working Paper 2007-02," Working Papers 18295, Congressional Budget Office.
  • Handle: RePEc:cbo:wpaper:18295
    as

    Download full text from publisher

    File URL: https://www.cbo.gov/sites/default/files/110th-congress-2007-2008/workingpaper/2007-02_0.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. John Sabelhaus & Julie Topoleski, 2007. "Uncertain policy for an uncertain world: The case of social security," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 26(3), pages 507-525.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hugo Benitez-Silva & Debra S. Dwyer & Frank Heiland & Warren C. Sanderson, 2006. "Retirement and Social Security Reform Expectations: A Solution to the New Early Retirement Puzzle," Department of Economics Working Papers 06-05, Stony Brook University, Department of Economics.
    2. John Sabelhaus & Lina Walker, 2009. "Econometric flexibility in microsimulation: an age-centred regression approach," International Journal of Microsimulation, International Microsimulation Association, vol. 2(2), pages 1-14.
    3. Hugo Benitez-Silva & Frank Heiland, 2008. "Early Retirement, Labor Supply, and Benefit Withholding: The Role of the Social Security Earnings Test," Working Papers wp183, University of Michigan, Michigan Retirement Research Center.
    4. Batabyal, Amitrajeet & Nijkamp, Peter, 2016. "On Pessimism and Optimism by Forward Looking Agents and the Need for Social Security," MPRA Paper 75965, University Library of Munich, Germany, revised 03 Jan 2017.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbo:wpaper:18295. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cbogvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.