LINDA: A dynamic microsimulation model for analysing policy effects on the evolving population cross-section

Justin van de Ven

No 459, National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research

Abstract: This paper describes a structural dynamic microsimulation model that generates individual-specific data over a range of demographic and economic characteristics at discrete intervals through-out a simulated time horizon. The model is designed to analyse the distributional implications of policy alternatives over appreciable periods of time. This focus motivates endogenous simulation of savings and labour supply decisions, taking explicit account of uncertainty regarding the evolving decision environment. In contrast to the existing literature of savings in context of uncertainty, the model described here takes an overlapping generations form which is adapted to the needs of policy makers, and which has distinct advantages for empirical investigations.

Keywords: dynamic programming; savings; labour supply (search for similar items in EconPapers)
JEL-codes: C51 C61 C63 H31 (search for similar items in EconPapers)
Date: 2016-05
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:nsr:niesrd:459

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