TARA: A Framework for Pension Policy Analysis in Ireland: PENMOD, a Dynamic Simulation Model

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Please use this identifier to cite or link to this item: http://hdl.handle.net/2262/64060

Title:	A Framework for Pension Policy Analysis in Ireland: PENMOD, a Dynamic Simulation Model
Author:	CALLAN, TIM VAN DE VEN, JUSTIN Keane, Claire
Author's Homepage:	http://people.tcd.ie/callant http://people.tcd.ie/keanecl
Keywords:	data Dynamic Programming Savings Labor Supply Pensions Individuals Ireland
Issue Date:	15-Aug-2011
Publisher:	ESRI
Citation:	Callan, Tim; Van de Ven, Justin, A Framework for Pension Policy Analysis in Ireland: PENMOD, a Dynamic Simulation Model, 2011
Series/Report no.:	ESRI Working Paper;400
Abstract:	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.
Description:	PUBLISHED
URI:	http://hdl.handle.net/2262/64060
Appears in Collections:	Economics (Scholarly Publications)

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