Most existing microsimulation models have been developed by separate (teams of) researchers. The drawback of each team working on its own is that they have to put a lot of time and effort in the customary development of fairly general simulation tools. Hence, economies of scale cannot be...

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...

We stress that the demographic changes that Europe will face in the coming decades will have profound consequences not only for the sustainability but also for the adequacy of social security schemes, including pensions. Our paper aims at assessing the consequences of the Ageing Working Group...