This model demonstrates the use of a random assignment approach to determining how spending patterns vary in response to changes in household income. It is based on the principle that when income changes, the household will respond by adjusting its spending in a way that is similar to a household that has had the new income for some time. This is implemented by copying the spending pattern of a similar household.
Lawson, T. (2013) ‘Modelling Household Spending Using a Random Assignment Scheme’, International Journal of Microsimulation, 6(2) 56-75.
This model demonstrates the use of a random assignment approach to determining how spending patterns vary in response to changes in household income. It is based on the principle that when income changes, the household will respond by adjusting its spending in a way that is similar to a household that has had the new income for some time. This is implemented by copying the spending pattern of a similar household.
| Version | Submitter | First published | Last modified | Status |
|---|---|---|---|---|
| 1.0.0 | Tony Lawson | Mon Aug 26 15:25:24 2013 | Tue Feb 20 09:10:27 2018 | Published |