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The Life-Cycle Income Analysis Model (LIAM): A Study of a Flexible Dynamic Microsimulation Modelling Computing Framework

Cathal O’Donoghue (), John Lennon and Stephen Hynes
Additional contact information
Cathal O’Donoghue: Rural Economy Research Centre, Teagasc, Ireland
John Lennon: Rural Economy Research Centre, Teagasc, Ireland

Authors registered in the RePEc Author Service: Cathal O'donoghue

No 85, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)

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.

Keywords: Microsimulation; Computation (search for similar items in EconPapers)
Pages: 33 pages
Date: 2009-04
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Citations: View citations in EconPapers (16)

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