This technical report presents the dynamic microsimulation model microWELT-US developed for US labour force projections accounting
for education and health. microWELT-US is the adaptation of an existing microsimulation model for Europe. The microsimulation
model supports a comparative analysis of the effect of socio-demographic change on future labour force participation. The
model is a continuous time, competing risk, interacting population model supporting alignment to existing population projections.
The model is built on the microWELT modelling platform implemented in Modgen, a freely available programming technology developed
and maintained at Statistics Canada. The model has a graphical user interface allowing the editing of parameters, scenario
creation, and exploration of simulation results. This report gives an overview of the model architecture, model parameters,
the base scenario, and key simulation results comparing the USA to Germany, France, and Spain.
Forschungsbereich:Arbeitsmarktökonomie, Einkommen und soziale Sicherheit