Health&WealthMOD is the first Australian microsimulation model designed to determine the economic impacts of disease on older workers, aged 45 to 65 years. Chronic health conditions are known to be associated with early retirement. This paper describes an application of Health&WealthMOD to...

The Australian Government is seeking to encourage older workers to remain in the labour force longer to overcome future labour shortages and ensure adequate taxation revenue to fund the needs of an ageing population. Longer labour force participation also has benefits to individuals in terms of...

This paper describes the development of a microsimulation model =HealthMod‘ which simulates the use and costs of medical and related services by Australian families. Australia has a universal social insurance scheme known as =Medicare‘ which provides all Australians with access to free or...

This paper outlines the development of the Diabetes Model which projects the number of Australians 25 years of age and over who are expected to have pre diabetes and type 2 diabetes over a 45 year simulation period. The model also simulates control of the disease in terms of glycaemic levels,...

Most industrialised societies face rapid population ageing over the next two decades, including sharp increases in the number of people aged 85 years and over. As a result, the supply of and demand for aged care services has assumed increasing policy prominence. The likely spatial distribution...

This special issue is a collection of articles that had their origins as papers presented at the 1st General Conference of the International Microsimulation Association (IMA) “Celebrating 50 years of Microsimulation” Vienna, Austria, 20th to 22nd August 2007. The papers all discuss the...

Policymakers in Australia, like in most OECD countries, have recognised the importance of early retirement due to ill health on individuals and families, as well as on the budget balance when planning for the health needs of an ageing population. In order to understand these effects, a unique...

This paper provides a detailed description of the construction of Health&WealthMOD (Version II). It is Australia’s only microsimulation model of health and illness and their impacts on labour force participation, income, wealth and government revenue and expenditure. In this paper, we describe...

Available published research on microsimulation tends to focus on the results of policy simulations rather than upon validation of the models and their outputs. Dynamic population microsimulation models, which age an entire population through time for some decades, create particular validation...