📝 SummarXiv

Abstract

This paper presents a dynamic microsimulation model developed for Ireland, designed to simulate key demographic processes and individual life-course transitions from 2022 to 2057. The model captures four primary events: births, deaths, internal migration, and international migration, enabling a comprehensive examination of population dynamics over time. Each individual in the simulation is defined by five core attributes: age, sex, marital status, highest level of education attained, and economic status. These characteristics evolve stochastically based on transition probabilities derived from empirical data from the Irish context. Individuals are spatially disaggregated at the Electoral Division level. By modelling individuals at this granular level, the simulation facilitates in-depth local analysis of demographic shifts and socioeconomic outcomes under varying scenarios and policy assumptions. The model thus serves as a versatile tool for both academic inquiry and evidence-based policy development, offering projections that can inform long-term planning and strategic decision-making through 2057. The microsimulation achieves a close match in population size and makeup in all scenarios when compared to Demographic Component Methods. Education levels are projected to increase significantly, with nearly 70% of young people projected to attain a third level degree at some point in their lifetime. The unemployment rate is projected to nearly half as a result of the increased education levels.