An Agent-based Model Simulation Approach to Demonstrate Effects of Aging Population and Social Service Policies on Pensions Fund and Its Long-term Socio-economic Consequences

Abstract: Agent-based modeling (ABM) has emerged as a powerful tool in social policy-making and socio-economics, offering a flexible and dynamic approach to understanding and simulating complex systems. While traditional analytic methods may be less effective in unpredictable situations, ABM can provide valuable support for policy-making by generating large ensembles of scenarios and evaluating adaptive policies. This approach has been applied in various fields, including economics, management, sociology, and politics, and has the potential to deepen our understanding of economic policy in the cooperative sector.