A methodological survey of dynamic microsimulation models

Jinjing Li and Cathal O'Donoghue

No 2012-002, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

Abstract: More than 10 years ago O'Donoghue (2001) surveyed the dynamic microsimulation models that had been developed up to that point. However the 2000's have seen many of the barriers that existed for model development up until that point overcome. This paper surveys the development and practices in dynamic microsimulation over the past decade, and discusses the methodological challenges today. The paper provides an overview of the methodological choices made in more than 60 known dynamic microsimulation models and examines the advantages and disadvantages of different practices. In addition, this paper reviews the main progress made in the field and explores how future microsimulation models could evolve.

Keywords: Dynamic Microsimulation; Survey (search for similar items in EconPapers)
JEL-codes: C15 C18 C50 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:unm:unumer:2012002

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