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Improving Information for Social Policy Decisions -- The Uses of Microsimulation Modeling Volume II, Technical Papers (1991) / Chapter Skim
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Pages 123-125

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From page 123...
... Moreover, the models can accommodate alternative assumptions, chosen by the analyst, about the time path of these control totals. SIMULATION OF LONGITUDINAL HISTORIES A dynamic simulation model uses information contained in the cross-sectional database as a starting point for the simulation of longitudinal histories of demographic and labor force events for individuals.
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From page 124...
... . participation Hourly wage Whether unemployed Proportion of labor force hours unemployed Death Birth Marriage Divorce Disability Annual hours of work Hourly wage Job change Industry Pension coverage Pension plan assignment Pension acceptance Social security acceptance
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From page 125...
... . security income Job change Industry Pension coverage Plan participation Pension eligibility Type of plan Benefit fonr~ula Plan constants Benefit computation Retirement beneDlt eligibility Retirement benefit computation Disability benefit Spouse benefit Children's benefit Participation Accumulations Distribution Whether leave job Whether accept new job Eligibility Benefits Participation Adoption Contributions Benefit computation Retirement benefit eligibility Retirement benefit computation Disability benefit Spouse benefit Children's benefit Distribution Eligibility BeneDlts Participation Taxes Federal income tax Federal income tax Social security payroll tax Social security payroll tax State income tax NOTE: Table does not include the PRISM L~ng-Tenn Care Financing Model.
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Key Terms

  • labor force
  • force events
  • simulation module
  • pension coverage
  • longitudinal histories

  • simulation modules
  • force participation
  • control totals
  • pension eligibility
  • job change

  • income tax
  • pension characteristics
  • hourly wage
  • simulation model
  • dynamic simulation

  • retirement benefit
  • alternative assumptions


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