Every three years, the European Commission and the Social Protection Committee publish a Pension Adequacy Report, which provides an overview of the current and future adequacy of old-age incomes in EU Member States. A crucial indicator of adequacy is the at-risk-of-poverty rate of older people....

In the microsimulation literature, it is still uncommon to test the statistical significance of results. In this paper 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...