The Italian Treasury Dynamic Microsimulation Model (T-DYMM): Data, Structure and Baseline Results

Government of the Italian Republic (Italy), Ministry of Economy and Finance, Department of the Treasury Working Paper No. 1

68 Pages Posted: 18 Dec 2023

See all articles by Riccardo Conti

Riccardo Conti

Sogei - Società Generale d'Informatica S.p.A.

Michele Bavaro

University of Oxford

Stefano Boscolo

University of Bologna - Department of Statistics

Elena Fabrizi

University of Teramo - Department of Political Science

Chiara Puccioni

Confindustria

Ottavio Ricchi

Government of the Italian Republic (Italy) - Ministry of Economy and Finance - RGS

Simone Tedeschi

ISAE, Istituto di Studi e Analisi Economica

Date Written: March 10, 2023

Abstract

The Treasury Dynamic Microsimulation Model (T-DYMM) is a dynamic microsimulation model (DMM) owned by the Department of the Treasury of the Italian Ministry of Economy and Finance. One of the very few DMMs presently operating in Italy, it has been developed through three research projects, spanning from 2009 to 2021. The present article is intended to provide a general and comprehensive description of T-DYMM. The model, based on the AD-SILC dataset, which matches administrative and survey data, delivers long-term projections and is organised in five modules: demographic, labour market, pension, wealth and tax-benefit (the last two contain the most relevant novelties of the present version of T-DYMM). The broad aim of the model is to provide long-term analyses of the Italian social security system, with a focus on pension and social protection adequacy and their distributional characterization.

Keywords: Dynamic microsimulation, labour market, pensions, wealth, inequality, long term projections

JEL Classification: C1, C5, C6

Suggested Citation

Conti, Riccardo and Bavaro, Michele and Boscolo, Stefano and Fabrizi, Elena and Puccioni, Chiara and Ricchi, Ottavio and Tedeschi, Simone, The Italian Treasury Dynamic Microsimulation Model (T-DYMM): Data, Structure and Baseline Results (March 10, 2023). Government of the Italian Republic (Italy), Ministry of Economy and Finance, Department of the Treasury Working Paper No. 1, Available at SSRN: https://ssrn.com/abstract=4546893 or http://dx.doi.org/10.2139/ssrn.4546893

Riccardo Conti (Contact Author)

Sogei - Società Generale d'Informatica S.p.A.

Michele Bavaro

University of Oxford ( email )

Mansfield Road
Oxford, OX1 4AU
United Kingdom

Stefano Boscolo

University of Bologna - Department of Statistics

Elena Fabrizi

University of Teramo - Department of Political Science ( email )

Via A. Balzarini 1-64100
University campus Coste Sant'Agostino
Teramo
Italy

Chiara Puccioni

Confindustria

Ottavio Ricchi

Government of the Italian Republic (Italy) - Ministry of Economy and Finance - RGS ( email )

Via XX Settembre 97
Rome
Italy
39-06-47614774 (Phone)

Simone Tedeschi

ISAE, Istituto di Studi e Analisi Economica ( email )

Piazza dell' Indipendenza 4
I-00185
Italy

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