SIDD Simulator of Individual Dynamic Decisions
News.
SIDD is now on the web!
Today, the 02 of August 2016, the dynamic microsimulation model SIDD was made available for electronic download at no charge from this website. The model is fully functional, and is delivered parameterised to the policy context currently prevailing in the UK. This model is the product of more than a decade of research and development at the NIESR, and represents the current state-of-the-art in microsimulation analysis. We really hope you like it! Oh, and did I mention, it is absolutely FREE? Brilliant!
SIDD on Brexit.
The Institute and Faculty of Actuaries (IFoA) has today (2 June) released a report looking at the impact on the State pension of reduced immigration to the UK in both the medium and the long term, key findings include: • Reducing annual migration numbers, for example by c150,000, could cost the State more than £3bn per year by 2032 and more than £8bn per year by 2057 • To offset this funding gap in 2057 might require a further increase in the State Pension Age from 68 to 69 or a reduction in State Pension of £300 per year • Government could also use policy levers such as National Insurance contributions, or the level of State Pension benefits to mitigate against the net increase in Government costs • Raising the potential earnings profile of immigrants could also mitigate, or even reverse, impacts Further detail can be found here.
SIDD Simulator of Individual Dynamic Decisions
News.
SIDD is now on the web!
Today, the 02 of August 2016, the dynamic microsimulation model SIDD was made available for electronic download at no charge from this website. The model is fully functional, and is delivered parameterised to the policy context currently prevailing in the UK. This model is the product of more than a decade of research and development at the NIESR, and represents the current state-of- the-art in microsimulation analysis. We really hope you like it! Oh, and did I mention, it is absolutely FREE? Brilliant!
SIDD on Brexit.
The Institute and Faculty of Actuaries (IFoA) has today (2 June) released a report looking at the impact on the State pension of reduced immigration to the UK in both the medium and the long term, key findings include: • Reducing annual migration numbers, for example by c150,000, could cost the State more than £3bn per year by 2032 and more than £8bn per year by 2057 • To offset this funding gap in 2057 might require a further increase in the State Pension Age from 68 to 69 or a reduction in State Pension of £300 per year • Government could also use policy levers such as National Insurance contributions, or the level of State Pension benefits to mitigate against the net increase in Government costs • Raising the potential earnings profile of immigrants could also mitigate, or even reverse, impacts Further detail can be found here.
