Challenges and Opportunities of Dynamic Microsimulation Modelling
نویسنده
چکیده
Many of the social policy challenges facing the modern welfare state are long-term in nature, particularly the threats to future fiscal sustainability caused by population ageing. In such an environment, dynamic population microsimulation models provide one of the most useful available modelling tools for projecting the likely future distributional consequences of possible policy changes. However, the construction of such dynamic models remains an extremely difficult and costly undertaking, and this paper reviews some of the challenges posed by the construction of dynamic microsimulation models.
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