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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)

ANACItalyExamines the effect of demographic changes on the Italian saving rate and the reform of the pension system
APPSIMAustraliaDesigned to provide answers regarding the future distributional impact of policy change and other issues associated with policy responses to population ageing
BRALAMMOBrazilModels the Brazilian labour market for pension welfare analysis
CAPP_DYNItalyAnalyses the long term redistributive effects of social policies
CBOLTUSAAnalyses potential reforms to federal entitlement programmes and quantifies the US nation’s long-term fiscal challenges
CORSIMUSAModels 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
DEMOGENCanadaModels distributional and financial impact of proposals to include homemakers in the Canadian pension plan
DESTINIE I/IIFranceModels public pensions and intergenerational transfers
DYNACANCanadaModels the Canada Pension Plan and its impact on the Canadian population
Dynamic ModelIrelandModels inter-temporal issues relating to the degree of redistribution within the tax-benefit system
DYNAMIC TUSCANItalySimulates the demographic, social and economic characteristics of the Tuscan population
DYNAMITEItalyModels microeconomic issues and the impact of macroeconomic/institutional changes on the distribution of income
DYNAMOD I & IIAustraliaModels 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 & IIUSAForecasts 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 IIIUSADesigned to analyse the long-term distributional consequences of retirement and ageing issues
FAMSIMAustriaModels the demographic behaviour of young women
FEMUSAA 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
GAMEOFranceAnalyses and assesses the consequences of various higher education policies
HARDINGAustraliaAnalysis 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
HouseModAustraliaSimulates the impacts of different policy options at the small area level in Australia
IFSIMSwedenStudies intergenerational transfers and the interdependence between demography and the economy
IFS ModelUKStudies pensioner poverty under a variety of alternative tax and benefit policies
INAHSIMJapanSimulates demographic and social evolution, able to simulate kinship relationships in detail
INFORMUKDeveloped 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 CohortItalyAnalyses lifetime income distribution issues
Japanese CohortJapanLooks at the impact on household savings of changes in demographic structure
LABORsimItalySimulates the evolution of the labour force over future decades in Italy
LIAMIrelandEvaluates potential reforms to the Irish pensions system in terms of changes to life-cycle incomes
LIFEMODUKModels the lifetime impact of a welfare state
LifePathsCanadaModels health care treatments, student loans, time-use, public pensions and generational accounts
Long Term Care ModelUKModels long term care reform options
Melbourne CohortAustraliaAnalyses income inequality in a lifetime context
MICROHUSSwedenModels dynamic effects of changes to the tax-benefit system on the income distribution and economic-demographic effects of immigration
MICSIMGermanyAnalyses German pension and tax reform
MiMESISSwedenEvaluates Swedish Pension Reform
MIDASMultiAnalyses pension system and social security adequacy
MIDASNew ZealandModels wealth accumulation and distribution
MINDItalySimulates the economic impact resulting from alternative values of the income growth rate and real interest rate
MINTUSAForecasts the distribution of income for the 1931-1960 birth cohorts in retirement, MINT5 extends to the 1926-2018 birth cohorts
MOSART 1/2/3NorwayModels 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
NEDYMASNetherlandsModels intergenerational equity and pension reform, the redistributive impact of social security schemes in a lifetime framework
PENMODJapanPublic pension system analysis
PENSIMUKModels the treatment of pensioners by the social security system across the income distribution
PENSIM2UKEstimates the future distribution of pensioner incomes to analyse the distributional effects of proposed changes to pension policy
PENSIMUSAAnalyses lifetime coverage and adequacy issues related to employer-sponsored pension plans in the USA.
Pensions ModelBelgiumAnalyses and forecasts the medium term impact of a change to pension regulations
POHEMCanadaA 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
POLISIMUSADemographic-economic and social security projection for US social security administration
PRISMUSAEvaluates public and private pensions
PSGUSAAnalyses the lifetime implications of social security policies for a large sample of people born in the same year
SADNAPNetherlandsEvaluates the financial and economic implications of the problem of ageing
SAGEUKDynamic demographic/tax model for the UK
SESIMSwedenModels budget and distributional impact of inter-temporal policy issues such as student grants, labour supply, savings decisions and pensions
SimBritainUKSimulates urban and regional populations within the UK
SMILEIrelandPopulation projections with spatial details for Ireland
Sfb3GermanyAnalyses pension reforms, the effect of shortening worker hours, distributional effects of education transfers
SIPEMMSloveniaA Slovenia Dynamic Microsimulation Model with the focus on pension system simulation
SustainCityMultiA dynamic model with a focus on land use simulations
SVERIGESwedenModels human eco-dynamics (the impact of human cultural and economic systems on the environment)
Swedish CohortSwedenModels the replacement of social insurance by personal savings accounts and the distribution of lifetime marginal effective tax rates
TdymmItalyAnalyses the Italian labour market and pension system, with a focus on pension adequacy and related distributional effects
XEconCanadaA model intended for theoretical exploration rather than practical empirical application (developed for the eXperimental Economy)