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Title:The ZEW combined microsimulation-CGE model: innovative tool for applied policy analysis PDF Logo
Authors:Clauss, Markus
Schubert, Stefanie
Issue Date:2009
Series/Report no.:ZEW Discussion Papers 09-062
Abstract:This contribution describes the linkage of microsimulation models and computable general equilibrium (CGE) models using two already established models called “STSM” and “PACE-L” used by the Centre for European Economic Research. This state of the art research method for applied policy analysis combines the advantages of both model types: On the one hand, microsimulation models allow for detailed labor supply and distributional effects due to policy measures, as individual household data is used. On the other hand, by using a general equilibrium framework, labour market responses, such as wage and labour demand reactions are taken into account.
Subjects:microsimulation
applied CGE analysis
linked micro-macro models
JEL:C68
C81
D58
J22
J23
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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