Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/225206 
Year of Publication: 
2020
Series/Report no.: 
WIFO Working Papers No. 609
Publisher: 
Austrian Institute of Economic Research (WIFO), Vienna
Abstract: 
This paper introduces the microWELT model. Starting from its objectives, we discuss design choices, the model architecture and key features. microWELT provides a demographic projection tool reproducing Eurostat population projections but adding details such as education, intergenerational transmission of education, fertility by education, partnership patterns, and mortality differentials by education. The model integrates transfer flows as captured by the National Transfer Account (NTA) and National Time Transfer Account (NTTA) accounting framework and calculates a set of indicators based on NTA literature. Individual accounts allow the study of transfers over the whole life cycle by cohorts and between generations.
Subjects: 
Microsimulation
Welfare State
Demographic Change
National Transfer Accounts
JEL: 
E01
J11
P51
O57
C53
Document Type: 
Working Paper

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