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Population ageing is expected to create severe fiscal pressures for governments. Labour force participation will become an increasingly important issue as the population ages. People who are employed pay taxes, accumulate superannuation and claim less social security, improving the budget balance and making more funds available for Australias increasing health care, pensions and aged care needs. Promoting labour force participation has been suggested by Treasury and the Productivity Commission as a means of reducing future fiscal pressures caused by the ageing population. This book...

Microsimulation as a modelling tool in social sciences has increased in importance over the last few decades. Once restricted to a handful of universities and government departments, as a scientific field it has achieved a new dynamism during the last decade. As computing power increases and data availability becomes more widespread, microsimulation models can be put to hitherto unprecedented uses. Edited by leading experts in the field, this book illustrates recent advances, methodologies and uses of socioeconomic microsimulation in social sciences around the world. It does so by analysing...