Martin Spielauer - The microWELT platform and its application for care projections with a case-study for Austria

  • Presenting author: Martin Spielauer (WIFO)

  • Authors: Martin Spielauer, Tom Horvath, Philipp Warum, Peter Reschenhofer

  • Session: C02C - Stakeholder Meeting on Care Policy - JPI WellCARE Project - (Session open to the public) - Wednesday 11:00-12:30 - Senate Hall

  • Slides: PDF

Originally developed in conjunction with a comparative project aimed at examining the redistributing operations of welfare state regimes, microWELT has evolved into a family of models that form a versatile modeling platform. Meanwhile, microWELT finds applications in various fields such as health, healthcare, education, employment, labor force projections, the economic integration of immigrants, and retirement. microWELT has demonstrated its utility as a platform for comparative projects, utilizing standardized datasets, with applications in various EU countries, the UK, and the US. Additionally, it can be tailored for detailed national implementations using administrative datasets. This paper introduces the architecture of the microWELT platform, which is characterized by its high modularity and adaptability. It operates within a continuous-time framework and supports interactions among simulated units, such as individuals and the state, while also providing the option for continuous-time alignment. This feature allows for the reproduction of official population projections while maintaining observed relative risk structures among simulated actors. An example will be given for how the model is applied for the projection of public care expenditures in Austria.