Abstract
Dynamic microsimulation modelling has become a well-established method of forecasting demographic change. This has led to important applications in areas such as estimating future tax revenues and anticipating pension and health costs. These models are complex and costly to implement and this may be one factor that has hampered the more widespread application of microsimulation modelling. This paper reports a study of the feasibility of using a high level scripting language (Netlogo) to implement a dynamic microsimulation model using an initial population drawn from the 1991 British Household Panel survey. The model was validated by running it for a number of simulated years (1991-2005) and then comparing the predicted
population against the actual population observed in the BHPS. It was found that NetLogo made a suitable platform for developing a dynamic microsimulation model and the in-built features for manipulating the collection of agents and the graphical user interface have the potential for simplifying some aspects of developing a dynamic microsimulation model.
population against the actual population observed in the BHPS. It was found that NetLogo made a suitable platform for developing a dynamic microsimulation model and the in-built features for manipulating the collection of agents and the graphical user interface have the potential for simplifying some aspects of developing a dynamic microsimulation model.
Original language | English |
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Place of Publication | Colchester |
Number of pages | 21 |
Publication status | Published - 2009 |
Publication series
Name | Centre for Research in Economic Sociology and Innovation Working Paper Series |
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Publisher | CRESI |
No. | 2009-02 |
ISSN (Print) | 1759-2860 |
Keywords
- microsimulation
- NetLogo
- demographics
- dynamic microsimulation modelling
- forecasting
- tax revenues
- pension and health cost
- high level scripting language