Health, Labour supply and demand
Research notes · Dec 31, 2011
NHMRC Clinical Trials Centre and School of Public Health, Faculty of Medicine, University of Sydney, Australia; The National Centre for Social and Economic Modelling, University of Canberra, Australia; Department of Rural Health, School of Public Health, Faculty of Medicine, University of Sydney, Northern Rivers University, Australia
Cite as: D. Schofield, R. Shrestha, E. Callander, R. Pervical, S. Kelly, M. Passey, S. Fletcher; 2011; Modelling the cost of ill health in Health&WealthMOD (Version II): Lost labour force participation, income and taxation, and the impact of disease prevention; International Journal of Microsimulation; 4(3); 32–36. doi: 10.34196/ijm.00058
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 Health&WealthMOD (Version II) and its architecture, the application of the model, and some of the results it has produced.
This article contains 1 table.
| Variable | Total Number of records | Number of records matched with different group | Percentage of records matched with different group |
|---|---|---|---|
| Sex | 8,864 | 129 | 1.46% |
| Income Unit Type | 8,864 | 0 | 0.00% |
| Labour force status | 8,864 | 1 | 0.01% |
| Age group | 8,864 | 530 | 5.98% |
| Income quintile | 8,864 | 57 | 0.64% |
| Hours worked per week | 8,864 | 70 | 0.79% |
| Pension/benefit | 8,864 | 0 | 0.00% |
| Highest Education | 8,864 | 110 | 1.24% |
| Home ownership | 8,864 | 107 | 1.21% |
