By Anil K. Gupta, Ann Harding

This quantity serves to provide to readers contemporary advancements in microsimulation and public coverage. It strings jointly: chosen papers provided on the foreign Microsimulation convention on inhabitants growing old and wellbeing and fitness: Modelling Our destiny held in Canberra, Australia in December 2003; and up to date pondering within the box of microsimulation as mirrored in exact contributions by means of a few of the top specialists within the box; description of 20 key types on the subject of monetary and health and wellbeing human source concerns referring to sustainability of overall healthiness platforms around the world. the focal point of the convention used to be on useful makes use of of microsimulation in govt coverage even though theoretical underpinnings additionally bought significant consciousness. the amount covers a variety of matters: future health prestige; pharmacare and health and wellbeing expenditure concerns; financing, worrying and wellbeing and fitness supply; healthiness human assets; and information demanding situations. to supply an perception into real types used all over the world, the publication additionally has a piece dedicated to the demanding situations linked to construction of microsimulation types and their present use within the formula of public coverage. The publication offers a few cutting edge research on public coverage matters contained in many of the convention papers besides the methodological developments made within the microsimulation box. It comprises necessary info that goals to assist form the present and destiny public coverage debates during this quarter. The authors are demonstrated leaders within the box, and it's overseas in scope.

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Extra info for Modelling our Future, Volume 16: Population Ageing, Health and Aged Care (International Symposia in Economic Theory and Econometrics) (International Symposia ... in Economic Theory and Econometrics)

Example text

Two recent reports on Health Care in Canada — the Kirby report and the Romanow report — focus on relief to families for rising cost of drugs. This work could make a useful contribution to the international literature on pharmaceutical modelling. , 2004). The chapter describes the process of building a microsimulation model for drug-related programs including a pharmacare program. The chapter describes the methodology used to create a database at micro level from disparate data sources and the process of building the microsimulation model.

After a general introduction, the second section of this chapter examines the modelling techniques used to assess the likely impact of population ageing, including an outline of the different types of microsimulation and other models actively in use today. The third section provides an overview of each of the chapters contained in this volume and ends with a special part on practical models, providing ample information for experts and novices alike to benefit from the progress made in the development and the use of microsimulation models in public policy.

Thus, the individuals within the original microdata or base file are progressively moved forward through time: this is achieved by making major life events — such as death, marriage, divorce, fertility, education, labour force participation, etc. — happen to each individual, in accord with the probabilities of such events happening to real people within that particular country. Thus, within a dynamic microsimulation model, the characteristics of each individual are recalculated for each time period.

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