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Simulating Cohort Earnings for Australia

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  • van de Ven, J.

Abstract

This paper describes a dynamic microsimulation model of cohort earnings developed to consider redistribution during the working-lifetime in Australia. Microsimulation models were first used for economic analysis by Orcutt (1957), and are now commonly employed to undertake policy analyses in many countries around the world.

Suggested Citation

  • van de Ven, J., 2001. "Simulating Cohort Earnings for Australia," Department of Economics - Working Papers Series 780, The University of Melbourne.
  • Handle: RePEc:mlb:wpaper:780
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    File URL: http://www.economics.unimelb.edu.au/downloads/wpapers-00-01/780.pdf
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    References listed on IDEAS

    as
    1. Sutherland, H., 1995. "Static Microsimulation Models in Europe: A Survey," Cambridge Working Papers in Economics 9523, Faculty of Economics, University of Cambridge.
    2. de Janvry, Alain & Sadoulet, Elisabeth & Fargeix, Andre, 1991. "Politically feasible and equitable adjustment: Some alternatives for ecuador," World Development, Elsevier, vol. 19(11), pages 1577-1594, November.
    3. Cameron, G. & Muellbauer, J., 1999. "Earnings, Unemployment, and Housing: Evidence from a Panel of British Regions," Economics Papers 1999-w7, Economics Group, Nuffield College, University of Oxford.
    4. Alan J. Auerbach (ed.), 1997. "Fiscal Policy: Lessons from Economic Research," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011603, January.
    5. Bliss, Christopher, 1999. "Galton's Fallacy and Economic Convergence," Oxford Economic Papers, Oxford University Press, vol. 51(1), pages 4-14, January.
    6. Akerlof, George A, 1998. "Men without Children," Economic Journal, Royal Economic Society, vol. 108(447), pages 287-309, March.
    7. Basu, N & Pryor, R & Quint, T, 1998. "ASPEN: A Microsimulation Model of the Economy," Computational Economics, Springer;Society for Computational Economics, vol. 12(3), pages 223-241, December.
    8. Cogneau, Denis & Robilliard, Anne-Sophie, 2000. "Growth, distribution and poverty in Madagascar," TMD discussion papers 61, International Food Policy Research Institute (IFPRI).
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    INCOME ; SIMULATION ; ECONOMIC MODELS;

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General

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