Microsimulation

The page hasn’t been updated for a while. The EU funded INGRID2 project will provide a more recent summary by 2021.

What is microsimulation

Microsimulation is a technique used to model complex real life events by simulating the actions and/or impact of policy change on the individual micro unit. A dynamic microsimulation model is a model that simulates the behaviour of micro-units over time.

This page summaries a list of known (economic) dynamic microsimulation models based on Li, Jinjing, & O’Donoghue, Cathal. (2013). A survey of dynamic microsimulation models: uses, model structure and methodology. International Journal of Microsimulation, 6(2)

List of known dynamic microsimulation models (2013)

Model	Country	Uses
ANAC	Italy	Examines the effect of demographic changes on the Italian saving rate and the reform of the pension system
APPSIM	Australia	Designed to provide answers regarding the future distributional impact of policy change and other issues associated with policy responses to population ageing
BRALAMMO	Brazil	Models the Brazilian labour market for pension welfare analysis
CAPP_DYN	Italy	Analyses the long term redistributive effects of social policies
CBOLT	USA	Analyses potential reforms to federal entitlement programmes and quantifies the US nation’s long-term fiscal challenges
CORSIM	USA	Models changes occurring within kinship networks, wealth accumulation, patterns of intergenerational mobility, the progressivity and the life course of the current social security system, as well as potential reforms, household wealth accumulation, health status, interstate migration, time and income allocation, and international collaborations
DEMOGEN	Canada	Models distributional and financial impact of proposals to include homemakers in the Canadian pension plan
DESTINIE I/II	France	Models public pensions and intergenerational transfers
DYNACAN	Canada	Models the Canada Pension Plan and its impact on the Canadian population
Dynamic Model	Ireland	Models inter-temporal issues relating to the degree of redistribution within the tax-benefit system
DYNAMIC TUSCAN	Italy	Simulates the demographic, social and economic characteristics of the Tuscan population
DYNAMITE	Italy	Models microeconomic issues and the impact of macroeconomic/institutional changes on the distribution of income
DYNAMOD I & II	Australia	Models life course policies such as superannuation, age, pensions and education, long-term issues within the labour market, health, aged care and housing policy, future characteristics of the population and the projected impact of policy changes
DYNASIM I & II	USA	Forecasts the population up to 2030 by employing different assumptions regarding demographic and economic scenarios, and analyses the cost of teenage childbearing to the public sector under alternative policy scenarios, also includes a link to a macro model
DYNASIM III	USA	Designed to analyse the long-term distributional consequences of retirement and ageing issues
FAMSIM	Austria	Models the demographic behaviour of young women
FEM	USA	A demographic and economic simulation model designed to predict the future costs and health status of the elderly and to explore what current trends or future shifts might imply for policy, developed by RAND
GAMEO	France	Analyses and assesses the consequences of various higher education policies
HARDING	Australia	Analysis of lifetime tax-transfer analysis, for analysis of policy concerning the Higher Education Contribution Scheme and redistributive impact of government health outlays over the lifetime of an individual
HouseMod	Australia	Simulates the impacts of different policy options at the small area level in Australia
IFSIM	Sweden	Studies intergenerational transfers and the interdependence between demography and the economy
IFS Model	UK	Studies pensioner poverty under a variety of alternative tax and benefit policies
INAHSIM	Japan	Simulates demographic and social evolution, able to simulate kinship relationships in detail
INFORM	UK	Developed for forecasting of benefit caseloads and combinations of receipt, designed to incorporate significant benefit reforms planned over the coming years, based entirely on administrative data
Italian Cohort	Italy	Analyses lifetime income distribution issues
Japanese Cohort	Japan	Looks at the impact on household savings of changes in demographic structure
LABORsim	Italy	Simulates the evolution of the labour force over future decades in Italy
LIAM	Ireland	Evaluates potential reforms to the Irish pensions system in terms of changes to life-cycle incomes
LIFEMOD	UK	Models the lifetime impact of a welfare state
LifePaths	Canada	Models health care treatments, student loans, time-use, public pensions and generational accounts
Long Term Care Model	UK	Models long term care reform options
Melbourne Cohort	Australia	Analyses income inequality in a lifetime context
MICROHUS	Sweden	Models dynamic effects of changes to the tax-benefit system on the income distribution and economic-demographic effects of immigration
MICSIM	Germany	Analyses German pension and tax reform
MiMESIS	Sweden	Evaluates Swedish Pension Reform
MIDAS	Multi	Analyses pension system and social security adequacy
MIDAS	New Zealand	Models wealth accumulation and distribution
MIND	Italy	Simulates the economic impact resulting from alternative values of the income growth rate and real interest rate
MINT	USA	Forecasts the distribution of income for the 1931-1960 birth cohorts in retirement, MINT5 extends to the 1926-2018 birth cohorts
MOSART 1/2/3	Norway	Models the future cost of pensions, undertakes micro level projections of population, education, labour supply and public pensions, incorporates overlapping-generations, models within a dynamic microsimulation framework
NEDYMAS	Netherlands	Models intergenerational equity and pension reform, the redistributive impact of social security schemes in a lifetime framework
PENMOD	Japan	Public pension system analysis
PENSIM	UK	Models the treatment of pensioners by the social security system across the income distribution
PENSIM2	UK	Estimates the future distribution of pensioner incomes to analyse the distributional effects of proposed changes to pension policy
PENSIM	USA	Analyses lifetime coverage and adequacy issues related to employer-sponsored pension plans in the USA.
Pensions Model	Belgium	Analyses and forecasts the medium term impact of a change to pension regulations
POHEM	Canada	A longitudinal microsimulation model of health and disease, it is used to compare competing health intervention alternatives within a framework that captures the effects of disease interactions
POLISIM	USA	Demographic-economic and social security projection for US social security administration
PRISM	USA	Evaluates public and private pensions
PSG	USA	Analyses the lifetime implications of social security policies for a large sample of people born in the same year
SADNAP	Netherlands	Evaluates the financial and economic implications of the problem of ageing
SAGE	UK	Dynamic demographic/tax model for the UK
SESIM	Sweden	Models budget and distributional impact of inter-temporal policy issues such as student grants, labour supply, savings decisions and pensions
SimBritain	UK	Simulates urban and regional populations within the UK
SMILE	Ireland	Population projections with spatial details for Ireland
Sfb3	Germany	Analyses pension reforms, the effect of shortening worker hours, distributional effects of education transfers
SIPEMM	Slovenia	A Slovenia Dynamic Microsimulation Model with the focus on pension system simulation
SustainCity	Multi	A dynamic model with a focus on land use simulations
SVERIGE	Sweden	Models human eco-dynamics (the impact of human cultural and economic systems on the environment)
Swedish Cohort	Sweden	Models the replacement of social insurance by personal savings accounts and the distribution of lifetime marginal effective tax rates
Tdymm	Italy	Analyses the Italian labour market and pension system, with a focus on pension adequacy and related distributional effects
XEcon	Canada	A model intended for theoretical exploration rather than practical empirical application (developed for the eXperimental Economy)