Microsimulation Modelling for Policy Analysis: Challenges and Innovations

Modern policy problems require analysts to capture the interactions between policy and the complexities of economic and social life, as well as between policies of different types. Increasingly, microsimulation is employed to analyse these problems. This book brings together examples of microsimulation modelling that are at the frontiers of developments in the field, either because they extend the range of techniques available to modellers, or because they demonstrate new applications for established methods. It represents the state of the art with chapters on the use of microsimulation for comparative policy research and for challenging conventional assumptions, combining microsimulation with other types of economic models and the much-neglected subjects of model alignment and validation. Data and case studies are taken from regions including Asia-Pacific, Europe and North America.