Simulating Cohort Labour Earnings for Australia

Abstract

A dynamic microsimulation model of cohort labour earnings based on the Australian population aged between 20 and 55 years is described. Care has been taken to specify the model, subject to the limited data that were available for estimation. Despite the restrictive specifications used, the model closely reflects the data used for calibration, and is shown to bear a close relation to alternatives considered by the literature.

Citation

van de Ven, J. (2006), "Simulating Cohort Labour Earnings for Australia", Creedy, J. and Kalb, G. (Ed.) Dynamics of Inequality and Poverty (Research on Economic Inequality, Vol. 13), Emerald Group Publishing Limited, Leeds, pp. 63-80. https://doi.org/10.1016/S1049-2585(06)13003-3