TY - JOUR TI - Health&WealthMOD: A microsimulation model of the economic impacts of diseases on older workers AU - Schofield, Deborah AU - Passey, Megan AU - Earnest, Arul AU - Percival, Richard AU - Kelly, Simon AU - Shrestha, Rupendra AU - Fletcher, Susan VL - 2 IS - 2 PY - 2009 DA - 2009/12/31 SP - 58-63 C1 - IJM 2(2)009;2(2):58-63 DO - 10.34196/ijm.00018 UR - https://doi.org/10.34196/ijm.00018 AB - 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 available income and capacity to save for a better standard of living in retirement. While the Government recognises that not all older workers are able to participate in the labour force, there is little information on what health conditions keep people from working, or what the costs are to the government or the individual. This case study outlines how a new microsimulation model, Health&WealthMOD, is being designed to fill this information gap by estimating the economic impacts of illness. The general approach adopted is outlined, following which two early applications of the model are presented. The model is used to explore the determinants of the duration spent in retirement and to generate projections of retirement due to illness to 2020. KW - health KW - disability KW - wealth KW - retirement period JF - IJM SN - 1747-5864 PB - International Journal of Microsimulation ER -