Research Report The Dynamic Simulation of Income Model (DYNASIM): An Overview
Melissa M. Favreault, Karen E. Smith, Richard W. Johnson
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The Urban Institute’s Dynamic Simulation of Income Model (DYNASIM) is a dynamic microsimulation model designed to analyze the long-run distributional consequences of retirement and aging issues. Using the best and most recent data available, it projects the size and characteristics of the US population for the next 75 years, assuming current policies and practices continue. Projected characteristics include basic demographics, economic outcomes, health and disability status, and spending on acute medical care and long-term services and supports. This report discusses the technical approach, identifies the underlying datasets, and summarizes the various equations embedded in the model.
Research Areas Health and health care Wealth and financial well-being Aging and retirement Race and equity Taxes and budgets
Tags Social Security Economic well-being Older workers Employment and income data Pensions Wages and nonwage compensation Medicare Medicare and private health insurance Long-term services and support Health insurance Retirement Family care and support Individual taxes Retirement policy Racial inequities in employment Racial inequities in health
Policy Centers Income and Benefits Policy Center