Analysing Welfare Reform in a Microsimulation-AGE Model

Melanie Arntz, Stefan Boeters, Nicole Gürtzgen and Stefanie Schubert
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Nicole Gürtzgen: ZEW

No 109, Computing in Economics and Finance 2006 from Society for Computational Economics

Abstract: We present a fully integrated microsimulation-AGE model that uses the labour market model PACE-L and data from the German Socio-Economic Panel. We use the model to analyse reform proposals designed to encourage labour force participation at the lower end of the wage distribution. A special focus of this paper is on comparing the fully disaggregated version of the model with more aggregated ones in order to pin down in which respects disaggregation can actually further our insights, and in which respects aggregation can be justified

Keywords: applied general equilibrium; discrete working time choice; labour market; wage bargaining; labour market reform; logit model (search for similar items in EconPapers)
JEL-codes: D58 J22 J51 (search for similar items in EconPapers)
Date: 2006-07-04
New Economics Papers: this item is included in nep-lab
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Citations: View citations in EconPapers (15)

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