Description: Chapter 3 of the Models for Retirement Policy Analysis. This chapter describes the Dynamic Simulation of Model Income DYNASIM which was the first large scale dynamic microsimulation model of the socioeconomic status and behavior of individuals and families. The strengths and limitations of the approach are addressed as well as accessibility and ease of use.

Description: Chapter 4 of Models for Retirement Policy Analysis. The PRISM Pension and Retirement Income Simulation Model is a dynamic microsimulation model designed to simulate the retirement income and long term care utilization and financing of the elderly population. The strengths and limitations of the approach are addressed as well as accessibility and ease of use.