The simulation properties of microsimulation models with static and dynamic ageing a brief guide into choosing one type of model over the other

Gijs Dekkers

International Journal of Microsimulation, 2015, vol. 8, issue 1, 97-109

Abstract: To assess possible distribution effects of alternative scenarios, including hypothetical future states, one can use either static ageing techniques, which age the population by reweighing and uprating, or dynamic ageing, which alter the relevant population by applying deterministic probabilities that a certain event may or may not occur. This paper makes the argument that, even though the two methods are technically completely different, they are not unlike in terms of their simulation properties. Starting from the thesis that under theoretical circumstances, both approaches are equivalent in terms of their simulation properties, the choice between the two archetypes of models comes down to assessing how far the actual and theoretical circumstances differ from each other. By highlighting the differences and resemblances between static and dynamic microsimulations in terms of their simulation properties, this short note will contribute to the debate in choosing between these two types of models, and can thus serve as an advice piece for someone contemplating the development of a microsimulation model

Keywords: dynamic ageing; static ageing; microsimulation (search for similar items in EconPapers)
JEL-codes: C63 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.microsimulation.org/IJM/V8_1/5_IJM_8_1_Dekkers.pdf (application/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:ijm:journl:v:8:y:2015:i:1:p:97-109

Access Statistics for this article

International Journal of Microsimulation is currently edited by Matteo Richiardi

More articles in International Journal of Microsimulation from International Microsimulation Association
Bibliographic data for series maintained by Jinjing Li ().