Process / pipelineSimulation / optimization
Policy Scenario Microsimulation — Individual-level simulation for policy impact analysis
Policy Scenario Microsimulation applies microsimulation methods to evaluate and compare the distributional and aggregate effects of alternative policy scenarios on a synthetic population. By simulating individual-level behaviour under each policy regime, researchers can measure winners and losers, fiscal costs, and equity outcomes before real implementation.
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Sources
- Orcutt, G. H. (1957). A new type of socio-economic system. Review of Economics and Statistics, 39(2), 116–123. DOI: 10.2307/1928528 ↗
- Gupta, A., & Kapur, V. (Eds.) (2000). Microsimulation in Government Policy and Forecasting. North-Holland. ISBN: 9780444503442