EPFO Innovation LabPolicy evaluation prototype · Illustrative scenarios · Not a policy recommendationBack to portfolio

Evaluating Policy Impact on EPF Scheme

Using AI for evidence-based insights into policy effectiveness and member behavior.

Policies Analyzed

1 scenario

Avg. Impact on Contribution

+0.6 pp

Data Points Used

24 points

Forecast Horizon

6 quarters

Causal Impact of Policy X on Contribution Rates

Using Difference-in-Differences to estimate the effect of a hypothetical policy change.

Causal Inference (e.g., Difference-in-Differences): Compares the change in outcomes over time between a group affected by a policy (treatment group) and a group that is not (control group). This helps isolate the policy's true effect.

Recent Policy Changes Log

Long-Term Trend: Total EPF Corpus

Deterministic synthetic trend and baseline projection for method demonstration.

Time Series Analysis: Analyzes historical data to identify patterns, trends, and seasonality. Used here to forecast future values of key scheme indicators.

Key Policy Evaluation Insights

EPFO: Evidence-Based Policymaking

  • Describe observed changes in a documented synthetic scenario.
  • Compare transparent baseline scenarios before formal policy evaluation.
  • Improve targeting and effectiveness of new policies.
  • Enhance scheme adaptability to changing economic and social conditions.
  • Strengthen justification for policy decisions with robust data evidence.

Research: Advancing Policy Evaluation Methods

  • Apply and refine causal inference techniques (DiD, RDD, synthetic controls) on large-scale social security data.
  • Develop novel methodologies for long-term impact assessment of social programs.
  • Publish findings on the efficacy of different policy levers in retirement savings.
  • Explore interaction effects between multiple policies and external economic shocks.
  • Contribute to the global academic discourse on social security system design and evaluation.