Pudney, Stephen; Hancock, Ruth; Sutherland, Holly - In: Oxford Bulletin of Economics and Statistics 68 (2006) 2, pp. 135-166
Microsimulation models are commonly used to examine the distributional impact of reforms of the means-tested benefit system. Take-up behaviour is related to the level of entitlement, so reform may induce changes in take-up. We develop a stochastic simulation method and apply it to a probit model...