Development Of Micro-Simulation Pension Model:Linking The Modules Within Graphic Interface

In this Working paper we summarized research activities undertaken during further development of the pension model. Substantial part of time was devoted to the completion of the pension module. With constructed matrix of the conditions for old-age retirement for both genders separately, the module enables simulation of the continuation of the reform of the existing pension system, which will be fully implemented by 2024. An additional sub-module was added that allows simulation of the system of notional accounts. The next very important step in developing the model was the integration of all developed modules into a single system that allows the use of dynamics. In parallel, developed graphic interface in practice links the modules into a microsimulation pension model as well as links the two models pension model and model of generational accounts. At the same time, it allows independent work with each module separately, as well as the work with the basic data stored in a data warehouse. Developed simulation platform enables elimination of restrictions on the applicability of the static micro-simulation model and generational accounts model arising from a static approach and the cohort level. It is in fact the result of the necessity to adequately adapt both tools to be able to provide a quality assessment of the proposed changes of the pension system. Developed simulation platform represents the first such tool and provides the first dynamic microsimulation pension model developed in Slovenia. JEL classification: E17, E62, H55, J11