A Framework for Pension Policy Analysis in Ireland: PENMOD, a Dynamic Simulation Model
Item Type:Working Paper
Citation:Callan, Tim; Van de Ven, Justin, A Framework for Pension Policy Analysis in Ireland: PENMOD, a Dynamic Simulation Model, 2011
WP400.pdf (Pre-print (author's copy) - Non-Peer Reviewed) 1.204Mb
This paper describes a structural dynamic microsimulation model of the household that has been developed to explore behavioural responses to pensions policy counterfactuals in Ireland. The model is based upon the life-cycle theory of behaviour, which assumes that individuals make their decisions to maximise expected lifetime utility, subject to expectations that are consistent with the prevailing decision making environment. The model is calibrated to match Irish survey data.
Type of material:Working Paper
Series/Report no:ESRI Working Paper;400
Availability:Full text available