DYNAPOR – Dynamic Microsimulation Model for Portugal
This initiative arose from the need to diagnose and evaluate the impact of reforms to the system and to plan new scenarios for social security in Portugal.
Since the project began in late 2013, work has been underway to construct a prototype capable of producing reliable simulations of the number of people drawing old-age pensions up to the year 2060. It is estimated that the prototype will be completed in the first quarter of 2016 and that the project will be completed by the end of that year.
The initiative is the result of a partnership between the Office for Strategy and Planning of the Ministry of Solidarity, Employment and Social Security; the University of Lisbon’s Institute of Ageing, which is responsible for running the initiative; and the University of Southampton, which has experience in this area. The Calouste Gulbenkian Foundation took responsibility for purchasing and adapting pre-tested technological infrastructure that will allow comparative analyses with situations in other countries to be carried out. The Francisco Manuel dos Santos Foundation joined the partnership created for the project and will fund the development model and a study on the financial and social stability of the pension system in Portugal.