Simulating Cohort Demographic

should like to thank John Creedy and John Muellbauer for their extensive support and advice throughout the construction of the model. My thanks are also extended to the Henderson Foundation for its financial support, and to the HRD for making available the data sources used. Any omissions or errors are my own. This paper describes a dynamic microsimulation model of cohort demograph-ics that has been developed to consider the working lifetime in Australia. The model provides a valuable resource for studying dynamics in Australia since, in addition to the usual advantages of microsimulation analysis, Australian panel data is scarce. The model possess a highly flexible structure. Specifi-cally, the modular framework of the model permits the addition or omission of cohort characteristics as desired, and the use of transition probability functions facilitates transparent sensitivity analysis.