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The microWELT-US Microsimulation Model for Projections of the US Labour Force Participation Accounting for Education and Health. Technical Report

Author

Listed:
  • Johannes Amann

    (WIFO)

  • René Böheim

    (WIFO)

  • Thomas Horvath
  • Thomas Leoni
  • Martin Spielauer

    (WIFO)

Abstract

This technical report presents the dynamic microsimulation model microWELT-US developed for US labour force projections accounting for education and health. microWELT-US is the adaptation of an existing microsimulation model for Europe. The microsimulation model supports a comparative analysis of the effect of socio-demographic change on future labour force participation. The model is a continuous time, competing risk, interacting population model supporting alignment to existing population projections. The model is built on the microWELT modelling platform implemented in Modgen, a freely available programming technology developed and maintained at Statistics Canada. The model has a graphical user interface allowing the editing of parameters, scenario creation, and exploration of simulation results. This report gives an overview of the model architecture, model parameters, the base scenario, and key simulation results comparing the USA to Germany, France, and Spain.

Suggested Citation

  • Johannes Amann & René Böheim & Thomas Horvath & Thomas Leoni & Martin Spielauer, 2021. "The microWELT-US Microsimulation Model for Projections of the US Labour Force Participation Accounting for Education and Health. Technical Report," WIFO Studies, WIFO, number 67943.
    • Handle: RePEc:wfo:wstudy:67943
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    References listed on IDEAS

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    1. Daniela Del Boca, 2002. "The effect of child care and part time opportunities on participation and fertility decisions in Italy," Journal of Population Economics, Springer;European Society for Population Economics, vol. 15(3), pages 549-573.
    2. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1.
    3. Martin Spielauer & Thomas Horvath & Marian Fink, 2020. "microWELT: A Dynamic Microsimulation Model for the Study of Welfare Transfer Flows in Ageing Societies from a Comparative Welfare State Perspective," WIFO Working Papers 609, WIFO.
    4. Folbre, Nancy, 1994. "Children as Public Goods," American Economic Review, American Economic Association, vol. 84(2), pages 86-90, May.
    5. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    6. Philip Oreopoulos & Uros Petronijevic, 2013. "Making College Worth It: A Review of Research on the Returns to Higher Education," NBER Working Papers 19053, National Bureau of Economic Research, Inc.
    7. Patrick Laplagne & Maurice Glover & Anthony Shomos, 2007. "Effects of Health and Education on Labour Force Participation," Staff Working Papers 0704, Productivity Commission, Government of Australia.
    8. Thomas Horvath & Serguei Kaniovski & Thomas Leoni & Martin Spielauer & Thomas Url, 2021. "The Impact of Education and Health on Labour Force Participation and the Macroeconomic Consequences of Ageing," WIFO Studies, WIFO, number 67107.
    9. Ina GANGULI & Ricardo HAUSMANN & Martina VIARENGO, 2014. "Closing the gender gap in education: What is the state of gaps in labour force participation for women, wives and mothers?," International Labour Review, International Labour Organization, vol. 153(2), pages 173-207, June.
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    1. René Böheim & Thomas Horvath & Thomas Leoni & Martin Spielauer, 2023. "The Impact of Health and Education on Labor Force Participation in Aging Societies: Projections for the United States and Germany from Dynamic Microsimulations," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 42(3), pages 1-35, June.

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