The starting point of this paper is a widely shared fundamental preference according to which Hungary should follow a fast, sustainable development path and catch up with the developed world in the foreseeable future. Questions raised in this paper are related to the instrumental preferences....

The paper presents a detailed description of the ISMIK model which was developed as a part of "Priority project TÁMOP - 2.3.2-09/1 Establishing labour market forecasts and foreseeing structural changes". The ISMIK model is a dynamic microsimulation model to project individuals' educational...