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MicroWELT – Microsimulation of Disaggregated NationalTransfer Accounts for the Comparative Study of WelfareState Regimes
Martin Spielauer - Austrian Institute of Economic Research (WIFO)

Introduction to MicroWELT, a microsimulation platform developed alongside the Horizon 2020 WELTRANSIM (Welfare Transfer Simulation) project. MicroWELT projects the interactions between welfare state regimes, welfare transfers, and population ageing, accounting for educational change, life expectancy differentials,and changing family patterns. Beyond the WEL-TRASNIM project, microWELT provides a versatile platform already used in various projects related to health, employment and care. MicroWELT in-tegrates detailed socio-demographic projections with disaggregated National Transfer Accounts(NTAs). We study how disaggregating NTAs by family type and education affects NTA indicators and generational accounts. Our results show that indicators based on disaggregated data can give a very distinct picture of the economic effects of population ageing.