Health&WealthMOD: a microsimulation model of the economic impacts of diseases on older workers

Deborah Schofield, Megan Passey, Arul Earnest, Richard Percival, Simon Kelly, Rupendra Shrestha, Susie Fletcher

Research output: Contribution to journalArticlepeer-review


The Australian Government is seeking to encourage older workers to remain in the labour force longer to overcome future labour shortages and ensure adequate taxation revenue to fund the needs of an ageing population. Longer labour force participation also has benefits to individuals in termsof available income and capacity to save for a better standard of living in retirement. While the Government recognises that not all older workers are able to participate in the labour force, there is little information on what health conditions keep people from working, or what the costs are to the government or the individual. This case study outlines how a new microsimulation model, Health&WealthMOD, is being designed to fill this information gap by estimating the economic impacts of illness. The general approach adopted is outlined, following which two early applications of the model are presented. The model is used to explore the determinants of the duration spent in retirement and to generate projections of retirement due to illness to 2020.
Original languageEnglish
Pages (from-to)58-63
Number of pages6
JournalInternational Journal of Microsimulation
Issue number2
Publication statusPublished - 2009
Externally publishedYes


  • health
  • disability
  • wealth
  • retirement period


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