Microsimulation
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) |