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Joint Research Center (JRC)
LMM

Labour Market Model

Economylabour marketoverlapping generations

Quality & Transparency

Quality

Model uncertainties

Models are by definition affected by uncertainties (in input data, input parameters, scenario definitions, etc.). Have the model uncertainties been quantified? Are uncertainties accounted for in your simulations?

no
The model is not meant to be used as a definitive forecast but rather to illustrate the direction and magnitude of effects of certain reforms.

    Sensitivity analysis

    Sensitivity analysis helps identifying the uncertain inputs mostly responsible for the uncertainty in the model responses. Has the model undergone sensitivity analysis?

    no
    Sensitivity analysis can be embedded in each of the scenarios simulated.

      Have model results been published in peer-reviewed articles?

      no

        Has the model formally undergone scientific review by a panel of international experts?

        Please note that this does not refer to the cases when model results were validated by stakeholders.

        no

          Model validation

          Has model validation been done? Have model predictions been confronted with observed data (ex-post)?

          not applicable
          Not possible to observe ex-post outcomes.

            Transparency

            To what extent do input data come from publicly available sources?

            This may include sources accessible upon subscription and/or payment

            Based on both publicly available and restricted-access sources

            Is the full model database as such available to external users?

            Whether or not it implies a specific procedure or a fee

            no
            For the moment, only EC users will have full access to the model and thus to the underlying input data.

              Have model results been presented in publicly available reports?

              Note this excludes IA reports.

              yes
              ESDE annual publications.

              Have output datasets been made publicly available?

              Note this could also imply a specific procedure or a fee.

              no

                Is there any user friendly interface presenting model results that is accessible to the public?

                For instance: Dashboard, interactive interfaces...

                no
                User-friendly excel output available but not available to the public for the moment.

                  Has the model been documented in a publicly available dedicated report or a manual?

                  Note this excludes IA reports.

                  no

                  Is there a dedicated public website where information about the model is provided?

                  no

                    Is the model code open-source?

                    no

                    Can the code be accessed upon request?

                    not applicable