Model 9 STINMOD (Static Incomes Model)

Percival, Richard; Abello, Annie; Vu, Quoc Ngu

doi:10.1016/s1571-0386(06)16028-7

Cited by 18 publications

(13 citation statements)

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“…To enable the model to project into the future, additional information (income, welfare, and taxes paid) on each person surveyed is uprated to 2015 using data from another model STINMOD (Static Incomes Model), a microsimulation model of Australia's income, tax, and transfer system. (Percival, Abello, & Vu, ). This enables all outcomes to be presented in 2015 dollars.…”

Section: Methodsmentioning

confidence: 99%

Economic costs of informal care for people with chronic diseases in the community: Lost income, extra welfare payments, and reduced taxes in Australia in 2015-2030

Schofield

Shrestha

Zeppel

et al. 2018

Health Soc Care Community

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We estimated the economic costs of informal care in the community from 2015 to 2030, using an Australian microsimulation model, Care&WorkMOD. The model was based on data from three Surveys of Disability, Ageing, and Carers (SDACs) for the Australian population aged 15–64 years old. Estimated national income lost was AU$3.58 billion in 2015, increasing to $5.33 billion in 2030 (49% increase). Lost tax payments were estimated at AU$0.99 billion in 2015, increasing to AU$1.44 billion in 2030 (45% increase), and additional welfare payments were expected to rise from $1.45 billion in 2015 to AU$1.94 in 2030 (34% increase). There are substantial economic costs both to informal carers and the government due to carers being out of the labour‐force to provide informal care for people with chronic diseases. Health and social policies supporting carers to remain in the labour force may allow governments to make substantial savings, while improving the economic situation of carers.

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Section: Methodsmentioning

confidence: 99%

Economic costs of informal care for people with chronic diseases in the community: Lost income, extra welfare payments, and reduced taxes in Australia in 2015-2030

Schofield

Shrestha

Zeppel

et al. 2018

Health Soc Care Community

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“…The National Centre for Social and Economic Modelling’s (NATSEM, University of Canberra) Static Incomes Model or STINMOD is the foremost microsimulation model of Australia’s income tax and cash transfer (welfare) system [ 21 ]. Income, welfare, tax and wealth information from STINMOD’s 2013 snapshot were imputed onto the base population of Health&WealthMOD2030 by identifying individuals with similar characteristics on STINMOD and “donating” their economic information onto Health&WealthMOD2030 using synthetic matching.…”

Section: Methodsmentioning

confidence: 99%

The long-term economic impacts of arthritis through lost productive life years: results from an Australian microsimulation model

et al. 2018

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BackgroundWhile the direct (medical) costs of arthritis are regularly reported in cost of illness studies, the 'true' cost to indivdiuals and goverment requires the calculation of the indirect costs as well including lost productivity due to ill-health.MethodsRespondents aged 45-64 in the ABS Survey of Disability, Ageing and Carers 2003, 2009 formed the base population. We projected the indirect costs of arthritis using Health&WealthMOD2030 – Australia’s first microsimulation model on the long-term impacts of ill-health in older workers – which incorporated outputs from established microsimulation models (STINMOD and APPSIM), population and labour force projections from Treasury, and chronic conditions trends for Australia. All costs of arthritis were expressed in real 2013 Australian dollars, adjusted for inflation over time.ResultsWe estimated there are 54,000 people aged 45-64 with lost PLYs due to arthritis in 2015, increasing to 61,000 in 2030 (13% increase). In 2015, people with lost PLYs are estimated to receive AU$706.12 less in total income and AU$311.67 more in welfare payments per week than full-time workers without arthritis, and pay no income tax on average. National costs include an estimated loss of AU$1.5 billion in annual income in 2015, increasing to AU$2.4 billion in 2030 (59% increase). Lost annual taxation revenue was projected to increase from AU$0.4 billion in 2015 to $0.5 billion in 2030 (56% increase). We projected a loss in GDP of AU$6.2 billion in 2015, increasing to AU$8.2 billion in 2030.ConclusionsSignificant costs of arthritis through lost PLYs are incurred by individuals and government. The effectiveness of arthritis interventions should be judged not only on healthcare use but quality of life and economic wellbeing.

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“…The economic benefits of the potential increase in the labor force participation of people with active AS (aged 19–64 years) from using adalimumab were estimated using output from a microsimulation model, called Static Incomes Model (STINMOD), developed by the National Centre for Social and Economic Modelling (NATSEM) for the Australian Government . STINMOD is Australia's leading static microsimulation model, which is routinely used by Commonwealth departments for assessing distributional and revenue implications of tax and welfare (transfer) payment reforms . The economic benefits estimated were an increase in earnings for individuals, and additional income tax revenue and savings in welfare payments for the government.…”

Section: Methodsmentioning

confidence: 99%

The economic impacts of using adalimumab (Humira^®) for reducing pain in people with ankylosing spondylitis: A microsimulation study for Australia

2018

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Model 9 STINMOD (Static Incomes Model)

Cited by 18 publications

References 0 publications

Economic costs of informal care for people with chronic diseases in the community: Lost income, extra welfare payments, and reduced taxes in Australia in 2015-2030

Economic costs of informal care for people with chronic diseases in the community: Lost income, extra welfare payments, and reduced taxes in Australia in 2015-2030

The long-term economic impacts of arthritis through lost productive life years: results from an Australian microsimulation model

The economic impacts of using adalimumab (Humira^®) for reducing pain in people with ankylosing spondylitis: A microsimulation study for Australia

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Model 9 STINMOD (Static Incomes Model)

Cited by 18 publications

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Economic costs of informal care for people with chronic diseases in the community: Lost income, extra welfare payments, and reduced taxes in Australia in 2015-2030

Economic costs of informal care for people with chronic diseases in the community: Lost income, extra welfare payments, and reduced taxes in Australia in 2015-2030

The long-term economic impacts of arthritis through lost productive life years: results from an Australian microsimulation model

The economic impacts of using adalimumab (Humira®) for reducing pain in people with ankylosing spondylitis: A microsimulation study for Australia

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The economic impacts of using adalimumab (Humira^®) for reducing pain in people with ankylosing spondylitis: A microsimulation study for Australia