Modeling Individuals' Behavior: Evaluation of a Policymaker's Tool / Alan L. Gustman.

Format:

Book

Author/Creator:

Gustman, Alan L.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w1223.

NBER working paper series no. w1223

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Modeling Individuals' Behavior

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1983.

Summary:

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.

Notes:

Print version record

October 1983.