NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Modeling Individuals' Behavior: Evaluation of a Policymaker's Tool

Alan L. Gustman

NBER Working Paper No. 1223 (Also Reprint No. r0484)
Issued in October 1983
NBER Program(s):   LS

With a continuous decline in the cost of manipulating data and a continuous increase in the richness of data banks, policymakers have increasing opportunities to build and apply so-called micro-simulation models--modelsthat attempt to simulate the behavior of the individuals in a large population under a specified program. The efforts of the Department of Labor to use a model in evaluating proposed changes in the unemployment insurance system point up both the power and the weaknesses of such models. Any user who applies these models without attempting to understand which of their strengths and weaknesses are most important for analyzing the problem at hand is asking for trouble. Easy to use or not,these models are not user friendly.

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Document Object Identifier (DOI): 10.3386/w1223

Published: Gustman, Alan L. "Modeling Individuals' Behavior: Evaluation of a Policymaker's Tool." Journal of Policy Analysis and Management, Vol. 3, No. 2, (Winter 1984), pp. 191-205.

 
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