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DREAM® people

The aim of the DREAM® family of products is to provide for regional and local economies the economic information usually available for analysis only at national level. DREAM®people is a simple demographic model designed to display demographic history and allow population projections under a range of assumptions.

DREAM®people is designed to release those responsible for regional and local planning and policy from the confines of a single centrally-approved population projection. It allows them to protect themselves from sudden and apparently arbitrary changes in externally-generated forecast numbers and to explore the robustness of policy alternatives to different assumptions about the economy, society and the environment.

Making a demographic projection involves making assumptions about how people will behave and how they will make major life-forming decisions. DREAM®people does this in a similar way to official models: in some places it is simpler, and in other cases it is more subtle: most importantly it can be controlled by the user.

Scope All people, ages 0-99 plus ‘100 and over’. Projects ahead one-year at a time from the latest available mid-year population estimate and continues into the future without time limit.
Births Birth rates reflect regional differentials and national trends in fertility, applied to the local population of child-bearing age.
Deaths Deaths reflect national trends in mortality rates through age 99, adjusted by the age-specific mortality ratio for the locality.
Migration total Migration is estimated as the sum of five identified flows as indicated below


Migration by age 1. Bellwether migration of early career 21-33 olds at rates based primarily on the labour market including wage levels
2. Prime working migration of 34-49 year olds at rates based on labour market and housing
3. 50-67 ‘end career’ migration at rates based mainly on housing markets especially equity release
4. 0-15 child migration based on prime migration and local family size (which may depend on the housing stock)
5. Student age migration at rates based on the age participation index for higher education and to some extent employment.

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cogentSI

COGENT STRATEGIES INTERNATIONAL LTD
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Tel +44 (0) 1387 720 462 E-MAIL info@cogentsi.com

Cogentsi - Cogent Strategies International

Cogentsi - Cogent Strategies International

Cogentsi - Cogent Strategies International