Simulating Cohort Earnings for Australia

Publication date: 3 Mar 2005 | Publication type: NIESR Discussion Paper | NIESR Author(s): Van de Ven, J | JEL Classification: N37, D31 | NIESR Discussion Paper Number: 254

A dynamic microsimulation model of cohort earnings based on the Australian population aged between 20 and 55 years is described. A highly parsimonious modular structure is adopted to facilitate sensitivity analysis and enable additional characteristics to be added, should they be desired. Despite the restrictive specifications used, the model closely reflects the data used for calibration.

Keyword tags: 
microsimulation, income, lifetime, inequality, modelling