Modelling Pension Reforms: Building from UK Experience to Irish Policy Analysis

Authors: Tim Callan , Claire Keane , John R Walsh

Research Areas: Taxation, Welfare and Pensions

Some key issues in pension reform are best analysed using a dynamic microsimulation model taking account of diverse working age careers. This project will re-specify NIESR's dynamic cohort microsimulation model of savings and labour supply decisions to reflect circumstances in Ireland. This model represents current best practice in the economic analysis of decision making in the context of uncertainty. It is explicitly designed to reflect the fact that decisions regarding saving for retirement must be made well before an individual can be certain about their financial circumstances in old age. The project will recalibrate the model and apply it to a number of key policy issues in Irish pension reform. Client: DG Employment, Social Affairs and Equal Opportunities DG

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