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More than 10 years ago ODonoghue (2001a) surveyed the dynamic microsimulation models that had been developed up to that point. However many of the barriers mentioned have been gradually overcome in the last decade . This paper surveys the development and practices in dynamic microsimulation over the past decade, and discusses the methodological challenges today. It provides an overview of the methodological choices made in more than 60 known dynamic microsimulation models and examines the advantages and disadvantages of different practices. In addition, this paper reviews the main progress made in the field and explores how future microsimulation models could evolve potentially.