Dynamic microsimulation pension model: Difference between revisions

Revision as of 13:26, 27 August 2012

Revision as of 14:49, 28 August 2012

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* makes it possible to use all available information and individual data (exact calculation of pensions for individuals approaching the retirement age)

* makes it possible to reflect all legislative parameters (i.e. even non-linearities, etc.)

* comprehensive outputs (non-deviated aggregate results, individual results and pensions structure, poverty indicators, for more see e.g. see (Deloitte, 2011) <ref name=Deloitte>{{cite book|last=Deloitte|title=The summary based on the Final Project Report of the Dynamic Micro-simulation Model of the Czech Republic|year=2011|urlpublisher=http://www.deloitte.com/dynamicmicrosimulationmodel|url=http://www.deloitte.com/view/en_CZ/cz/publications/technical-articles/92ff26874a859310VgnVCM2000001b56f00aRCRD.htm}}</ref>

* evaluation of actuarial aspects of the pension system

* can be extended to cover other social benefit systems and used as a consistent tool in creating the social policy