Development of dynamic micro-simulation model of the pension system of The Ministry of Labour and Social Affairs – III.

18. 1. 2022 Žaneta Dufková

Our team in cooperation with DataSentics a.s. has recently finished a project Development of a dynamic micro-simulation model of the pension system of The Ministry of Labour and Social Affairs – III. 

The development was split into several areas - Concurrence of payments of old-age pension with income from the gainful activity, Commencement of retirement pension, Care for dependents, Region, Occupation, Wage, Self-Employment and Sickness and Disability. DataSentics team covered data analyses and our team was responsible for the implementation of the changes and new factors to the Prophet model and DCS code. Both teams also cooperated in recommendations of possible future improvements and additional factors.

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