SimPaths: an open-source microsimulation model for life course analysis

Matteo Richiardi, Patryk Bronka, Justin van de Ven, Daniel Kopasker and Srinivasa Vittal Katikireddi

No CEMPA6/23, Centre for Microsimulation and Policy Analysis Working Paper Series from Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research

Abstract: SimPaths is a family of models for individual and household life course events, all sharing common components. The framework is designed to project life histories through time, building up a detailed picture of career paths, family (inter)relations, health, and financial circumstances. It builds upon standardised assumptions and data sources, which facilitates adaptation to alternative countries – versions currently exist for the UK and Italy, and are under development for Hungary, Poland and Greece. Careful attention is paid to model validation, and sensitivity of projections to key assumptions. The modular nature of the SimPaths framework is designed to facilitate analysis of alternative assumptions concerning the tax and benefit system, sensitivity to parameter estimates and alternative approaches for projecting labour/leisure and consumption/savings decisions. Projections for a workhorse model parameterised to the UK context are reported, which closely reflect observed data throughout a validation window between the Financial crisis (2011) and the Covid-19 pandemic (2019).

Date: 2023-04-18
New Economics Papers: this item is included in nep-cmp, nep-eur and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published

Downloads: (external link)
https://www.iser.essex.ac.uk/wp-content/uploads/fi ... /cempa/cempa6-23.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:ese:cempwp:cempa6-23

Access Statistics for this paper

More papers in Centre for Microsimulation and Policy Analysis Working Paper Series from Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Jonathan Nears ().