Merz, Joachim (1994): Microsimulation - A Survey of Methods and Applications for Analyzing Economic and Social Policy.
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Abstract
This essential dimensions of microsimulation as an instrument to analyze and forecast the individual impacts of alternative economic and social policy measures are surveyed in this study. The basic principles of microsimulation, which is a tool for practical policy advising as well as for research and teaching, are pointed out and the static and dynamic (cross-section and life-cycle) approaches are compared to one another. Present and past developments of microsimulation models and their areas of application are reviewed, focusing on the US, Europe and Australia. Based on general requirements and components of microsimulation models a microsimulation model's actual working mechanism are discussed by a concrete example: the concept and realization of MICSIM, a PC microsimulation model based on a relational database system, an offspring of the Sfb 3 Statitic Microsimulation Model. Common issues of microsimulation modeling are regarded: micro/macro link, behavioural response and the important question of evaluating microsimulation results. The concluding remarks accentuate the increasing use of microcomputers for microsimulation models also for teaching purposes
Item Type: | MPRA Paper |
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Original Title: | Microsimulation - A Survey of Methods and Applications for Analyzing Economic and Social Policy |
Language: | English |
Keywords: | Microsimulation, Microanalytic Simulation Models, Microanalysis, Economic and Social Policy Analysis |
Subjects: | D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions D - Microeconomics > D3 - Distribution > D30 - General D - Microeconomics > D1 - Household Behavior and Family Economics > D10 - General C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data ; Data Access C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C80 - General J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J20 - General |
Item ID: | 7232 |
Depositing User: | Joachim Merz |
Date Deposited: | 18 Feb 2008 14:36 |
Last Modified: | 27 Sep 2019 04:46 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/7232 |