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This paper examines the potential distributional impacts of demographic change, particularly population ageing, and changes to labour force participation that are projected to arise over the next 50 years. The approach involves calibration weighting of the Treasury's microsimulation model,...
Persistent link: https://www.econbiz.de/10012115649
When measuring inequality, value judgements are imposed, often implicitly, at several stages. In particular, the choice of ‘welfare metric', adult equivalence scale, unit of analysis and the inequality measure itself cannot avoid value judgements. This paper illustrates the effects of using...
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It is widely recognised that as the population ages there will be potentially significant implications for a wide range of economic variables, including in particular the fiscal costs of social expenditures. Long term fiscal planning requires estimates of the possible future path of public...
Persistent link: https://www.econbiz.de/10005464962
Reductions in carbon dioxide emissions can come from (among other things) changes to the structure of final demands, changes in the use of fossil fuels by industry, and changes to the structure of inter-industry transactions. This paper examines the nature of the least disruptive changes, that...
Persistent link: https://www.econbiz.de/10005464973
This paper reports a reweighting exercise for the New Zealand Household Economic Survey, which is the basis of the Treasury's microsimulation model, TaxMod. Comparisons of benefit expenditures in a variety of demographic groups, along with population data, reveal that TaxMod estimates differ...
Persistent link: https://www.econbiz.de/10005607229
This paper describes a range of ‘minimum distance’ methods used to compute new weights for large cross-sectional surveys used in microsimulation modelling. Extraneous information about a range of population variables is used for calibration purposes. An iterative solution procedure is...
Persistent link: https://www.econbiz.de/10005607235