The first part of the thesis describes the construction of Australia's first dynamic cohort microsimulation model. The model consists of a pseudo-cohort of 4000 males and females, who are aged from birth to death, with the processes of mortality, education, marriage, divorce, fertility, labour force participation, the receipt of earnings and other income, the receipt of social security and education transfers and the payment of income tax being simulated for every individual in the model for every year of life. The second part of the thesis describes some of the results which can be derived from the model. These include the differences in lifetime income by lifetime education and family status, the distribution of lifetime income, the difference between the lifetime and annual distributions of income, the lifetime and annual incidence of taxes and transfers, and the direction and extent of intra and interpersonal redistribution of income over the lifecycle due to government transfers and income taxes.
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