This presentation discusses how such integrated approach using shared demographic and macroeconomic assumptions has been developed in Belgium. It describes the dynamic microsimulation model MIDAS, highlighting how it aligns to the simulation results of the semi-aggregate model MALTESE. The...

This contribution provides à long term assessment of the first-pillar pension?s adequacy in Belgium. During the decades to come, the risk of financial poverty of the elderly would decrease considerably. This would mainly be the result of the increased labour participation rate of women, and an...

Since the early 90's, the Federal Planning Bureau assesses the sustainability of pensions in Belgium. Since a couple of years, it uses a dynamic microsimulation model, MIDAS_BE, to assess the development of the adequacy of pensions. This working paper illustrates the possibilities generated by...

Reference budgets could play an important role in the work of measuring poverty and assessing income adequacy, and in the process of monitoring social inclusion policies in the European Union. As the reference budgets that are already constructed in some European countries are all developed...

This paper considers the measurement of poverty in the European Union (EU). Starting from a definition of poverty that is suitable for the European context, a flexible measurement framework is proposed based on the Foster-Greer-Thorbecke class of poverty measures. Three key issues need to be...

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

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...

This paper discusses how to take assets into account in the measurement of poverty. First asset holdings of current income-poor households are described. Second, the effects on the measured incidence of poverty of two methods to combine income and assets into a single index of economic resources...

This paper investigates how social class shapes the occurrence of social risks, defined as socio-economic circumstances associated with significant losses of income. The motivation for this exploration derives from the ‘individualisation thesis’, which calls into question the structuring...