Modelling the cost of ill health in Health&WealthMOD (Version II): lost labour force participation, income and taxation, the impact of disease prevention

Deborah Schofield, Rupendra Shrestha, Emily Callander, Richard Percival, Simon Kelly, Megan Passey, Susie Fletcher

Research output: Contribution to journalArticlepeer-review

Abstract

This paper provides a detailed description of the construction of Health&WealthMOD(Version II). It is Australia’s only microsimulation model of health and illness and their impacts on labour force participation, income, wealth and government revenue and expenditure. In this paper, we describe Health&WealthMOD (Version II) and its architecture, the application of the model, and some of the results it has produced.
Original languageEnglish
Pages (from-to)32-36
Number of pages5
JournalInternational Journal of Microsimulation
Volume4
Issue number3
Publication statusPublished - 2011
Externally publishedYes

Keywords

  • Health&WealthMOD
  • cost of ill health
  • lost labour force participation
  • income
  • taxation
  • disease prevention

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