Modeling Individual Earnings in CBO’s Long-Term Microsimulation Model: Working Paper 2013-04

Jonathan Schwabish and Julie H. Topoleski

No 44306, Working Papers from Congressional Budget Office

Abstract: This paper describes the methods developed to project individual earnings in the Congressional Budget Office Long-Term (CBOLT) microsimulation model. CBOLT is used to assess the fiscal situations of the Social Security system and the federal government as a whole. Unlike many other models that project Social Security’s finances, CBOLT projects behavior at the individual level. For each individual in the model, CBOLT projects levels of educational attainment, transitions in and out of marriage, labor force participation and employment transitions, immigration and emigration

Date: 2013-06-04
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