Job Allocation in the Levy Institute Microsimulation Model

Brandon Istenes

Economics Working Paper Archive from Levy Economics Institute

Abstract: The Levy Institute Microsimulation Model (LIMM) is a tool used for policy simulations to estimate ex-ante the employment and income effects of sectoral investments. In Istenes (2023), a simple implementation of the LIMM for New York State initially had difficulty producing realistic conditional distributions of allocated jobs. This paper identifies the sources of that problem, which produces significant distortions to the characteristic distributions of job recipients. Solutions to the problem are presented with theoretical and empirical analysis. The relevance of this problem to other LIMM-based models is discussed; while it is theoretically relevant, it is unlikely to have a substantial impact on results.

Keywords: Employment Simulation; Statistical Matching; LIMM (search for similar items in EconPapers)
Date: 2025-04
New Economics Papers: this item is included in nep-cmp
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.levyinstitute.org/wp-content/uploads/2025/04/wp_1079.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lev:wrkpap:wp_1079

Access Statistics for this paper

More papers in Economics Working Paper Archive from Levy Economics Institute
Bibliographic data for series maintained by Lindsey Carter ().