Overview of a labour market microsimulation model

This paper introduces a new agent-based microsimulation (ABM) model of urban labour markets, in which workers actively seeking employment in each time period are matched with vacant jobs. The model is designed to operate within the ILUTE (Integrated Land Use, Transportation, Environment) urban simulation model system. In the current model application, 1986 is taken as the base year, with 20-year simulations being run (1986-2006) to test the model's performance within a known historical time-period.