Template-type: ReDIF-Paper 1.0 Author-Name: Li, Jinjing Author-Email: li@merit.unu.edu Author-Workplace-Name: UNU-MERIT/MGSoG, Maastricht University Author-Name: O'Donoghue, Cathal Author-Workplace-Name: Teagasc, NUI, Ireland Title: A methodological survey of dynamic microsimulation models Abstract: More than 10 years ago O'Donoghue (2001) surveyed the dynamic microsimulation models that had been developed up to that point. However the 2000's have seen many of the barriers that existed for model development up until that point overcome. This paper surveys the development and practices in dynamic microsimulation over the past decade, and discusses the methodological challenges today. The paper provides an overview of the methodological choices made in more than 60 known dynamic microsimulation models and examines the advantages and disadvantages of different practices. In addition, this paper reviews the main progress made in the field and explores how future microsimulation models could evolve. Classification-JEL: C15, C18, C50 Keywords: Dynamic Microsimulation, Survey Series: UNU-MERIT Working Papers Creation-Date: 2012 Number: 2012-002 File-URL: https://unu-merit.nl/publications/wppdf/2012/wp2012-002.pdf File-Format: application/pdf File-Size: 275 Kb Handle: RePEc:unm:unumer:2012002