This paper presents a method of predicting individuals’ welfare changes (compensating and equivalent variations) arising from a tax or social security policy change in the context of behavioural microsimulation modelling, where individuals can choose between a limited number of discrete hours...

This paper contributes to the literature by separately analysing the course enrolment and completion effects of vocational education and training (VET) as well as higher education. Moreover, we investigate the persistence of these wage effects over time while controlling for two potential...

[eng] Following Savard (2004), this paper examines how microsimulation can contribute to general-equilibrium analysis (GEA). Microsimulation modeling can enhance GEA. The author illustrates the combination of the two approaches by applying them in sequence to assess the impact of trade...