Back to the future: Agent-based modelling and dynamic microsimulation

Authors

Matteo Richiardi, Justin van de Ven, Patryk Bronka

Publication Date

Dec 2023

Abstract

In this chapter we focus on the commonalities and differences between agent-based and dynamic microsimulation analytical approaches. Starting from a shared history, we discuss how the two literatures quickly diverged. Discussion concludes with evidence of some recent convergence between agent-based and dynamic microsimulation methods, and emerging opportunities for mutual reinforcement of the two methodologies.

Publication type

CeMPA Working Paper Series

Series Number

CEMPA8/23

Research areas

Family and gender, Health and wellbeing, Population changes and labour market dynamics, Tax and benefit systems

Links

https://www.iser.essex.ac.uk/research/publications/working-papers/cempa/cempa8-23

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Cid:568039