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...

This working paper describes the second version of MIDAS (an acronym for ‘Microsimulation for the Development of Adequacy and Sustainability'), a dynamic population model with dynamic cross-sectional ageing. This model simulates the life spans of individuals in the base dataset, including with...

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...