Korean Journal of Policy Studies
Graduate School of Public Administration, Seoul National University
Article
Imputation Techniques in Microsimulation*
Hyunsub Kum1
Received: Oct 10, 2010; Revised: Oct 21, 2010; Revised: Dec 16, 2010; Accepted: Dec 08, 2010
Published Online: Dec 31, 2010
Abstract
Microsimulation has gained attention for its use in analyzing and forecasting the individual impacts of alternative economic and social policy measures. In practice, however, microsimulation cannot be carried out from a single data source, since it requires far more information than any single data source can provide. This paper discusses ways to combine separate data sources when there are no identical key variables, using imputation techniques, to make a large but synthetic data source for microsimulation. A new approach based on propensity score matching is suggested and discussed.
Keywords: microsimulation; imputation; policy analysis; data management