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Overview of the Congressional Budget Office Long-Term (CBOLT) Policy Simulation Model: Technical Paper 2004-01

Author

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  • Josh O’Harra
  • John Sabelhaus
  • Michael Simpson

Abstract

The Congressional Budget Office Long-Term (CBOLT) policy simulation model was developed to answer budgetary and distributional questions about Social Security, Medicare, and other long-term policy issues. CBOLT has three distinct solution modes for making projections: static simulations with a fixed macro environment and actuarial projection modules like those used by the Social Security Administration (SSA) and Center for Medicare and Medicaid Studies (CMS); a macro growth model environment with SSA/CMS-style actuarial projection modules; and an integrated micro/macro

Suggested Citation

  • Josh O’Harra & John Sabelhaus & Michael Simpson, 2004. "Overview of the Congressional Budget Office Long-Term (CBOLT) Policy Simulation Model: Technical Paper 2004-01," Working Papers 15188, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:15188
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    File URL: https://www.cbo.gov/sites/default/files/108th-congress-2003-2004/workingpaper/2004-01_0.pdf
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    References listed on IDEAS

    as
    1. Congressional Budget Office, 2013. "The 2013 Long-Term Budget Outlook," Reports 44521, Congressional Budget Office.
    2. Harris, Amy Rehder & Meyerson, Noah & Smith, Joel, 2001. "Social Insecurity? The Effects of Equity Investments on Social Security Finances," National Tax Journal, National Tax Association, vol. 54(n. 3), pages 645-68, September.
    3. Harris, Amy Rehder & Meyerson, Noah & Smith, Joel, 2001. "Social Insecurity? The Effects of Equity Investments on Social Security Finances," National Tax Journal, National Tax Association;National Tax Journal, vol. 54(3), pages 645-668, September.
    4. Congressional Budget Office, 2013. "The Budget and Economic Outlook: Fiscal Years 2013 to 2023," Reports 43907, Congressional Budget Office.
    5. Kevin Perese, 2002. "Mate Matching for Microsimulation Models: Technical Paper 2002-3," Working Papers 14211, Congressional Budget Office.
    6. Congressional Budget Office, 2013. "The Budget and Economic Outlook: Fiscal Years 2013 to 2023," Reports 43907, Congressional Budget Office.
    7. John Sabelhaus & Joel V. Smith, 2003. "Alternative Methods for Projecting Equity Returns: Implications for Evaluating Social Security Reform Proposals: Technical Paper 2003-08," Working Papers 14678, Congressional Budget Office.
    8. Congressional Budget Office, 2013. "The 2013 Long-Term Budget Outlook," Reports 44521, Congressional Budget Office.
    9. Congressional Budget Office, 2013. "The 2013 Long-Term Budget Outlook," Reports 44521, Congressional Budget Office.
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    Cited by:

    1. Olivia S. Mitchell & John W.R. Phillips, 2006. "Social Security Replacement Rates for Alternative Earnings Benchmarks," Working Papers wp116, University of Michigan, Michigan Retirement Research Center.
    2. John Sabelhaus & Julie Topoleski, 2007. "Uncertain policy for an uncertain world: The case of social security," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 26(3), pages 507-525.
    3. Andrew Au & Olivia S. Mitchell & John W. R. Phillips, 2004. "Modeling Lifetime Earnings Paths: Hypothetical versus Actual Workers," Working Papers wp074, University of Michigan, Michigan Retirement Research Center.

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