While the direct costs of mortality to the health care system are known to be significant, there is less information regarding the wider economic impacts of mortality including the implications for productivity, household incomes and government revenue. This paper outlines the development of...

We build a microsimulation model to monitor the financial vulnerability of Italian households. Starting from household-level data from the Survey on Household Income and Wealth and matching them with macroeconomic forecasts on debt and income, we project the future path of households’...

The major sales tax in the EU—and in several other countries—is practiced as value-added tax of the consumption type with invoice method. Literature on microsimulation models for VAT is rare, though the importance of VAT has continuously increased. We discuss the issues of VAT-MSM in detail...

Many microeconometric models of discrete choice include alternative-specific constants meant to account for (possibly besides other factors) the density or accessibility of particular types of alternatives. A notable area of application is labour supply, where for example part-time jobs vs....

In the microsimulation literature, it is still uncommon to test the statistical significance of results. In this article we argue that this situation is both undesirable and unnecessary. Provided the parameters used in the microsimulation are exogenous, as is often the case in static...