Microsimulation models for public policy analysis Modelos de microsimulaciónpara el análisisde las políticas públicas Academic Article in Scopus uri icon

Abstract

  • This paper reviews the use of microsimulation models as a tool for public policy analysis. This methodology, introduced initially in the fifties, has recently being used intensively specially in Europe thanks to the development of faster computers and better microdata surveys. The paper discusses the theoretical foundations of microsimulation models and describes the way in which they can be used to evaluate the impact of public policies on social welfare and the economy. The paper also mentions some of the existing microsimulation models, emphasizing those created in Latin America.

Publication date

  • January 1, 2012