Tax Policy Design and Behavioural Microsimulation Modelling

Tax Policy Design and Behavioural Microsimulation Modelling PDF Author: Hielke Buddelmeyer
Publisher: Edward Elgar Publishing
ISBN: 9781782542773
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
Tax policy questions may relate to specific problems, concerning perhaps the revenue implications of a particular tax or they may involve an extensive analysis of the cost andredistributive effects of many taxes and transfer payments. This book is concerned with the ways in which tax policy design can be enhanced by the use of a behavioural taxmicrosimulation model capable of evaluating the effects of planned or actual tax reforms. An advantage of such a large-scale tax simulation model, which reflects the heterogeneity of the population and captures the details of the tax structure, is that it can examine detailed practical policy questions and can provide direct inputs into policy debates. After introducing behavioural models, the authors discuss the role of means testing, several hypothetical policy reforms, actual and proposed reforms and recent modellingdevelopments. Tax Policy Design and Behavioural Microsimulation Modelling will be of interest to academics and researchers of economics, econometrics and public finance. It will also be useful reading for policymakers responsible for the formulation of taxation.

Tax Policy Design and Behavioural Microsimulation Modelling

Tax Policy Design and Behavioural Microsimulation Modelling PDF Author: Hielke Buddelmeyer
Publisher: Edward Elgar Publishing
ISBN: 9781782542773
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
Tax policy questions may relate to specific problems, concerning perhaps the revenue implications of a particular tax or they may involve an extensive analysis of the cost andredistributive effects of many taxes and transfer payments. This book is concerned with the ways in which tax policy design can be enhanced by the use of a behavioural taxmicrosimulation model capable of evaluating the effects of planned or actual tax reforms. An advantage of such a large-scale tax simulation model, which reflects the heterogeneity of the population and captures the details of the tax structure, is that it can examine detailed practical policy questions and can provide direct inputs into policy debates. After introducing behavioural models, the authors discuss the role of means testing, several hypothetical policy reforms, actual and proposed reforms and recent modellingdevelopments. Tax Policy Design and Behavioural Microsimulation Modelling will be of interest to academics and researchers of economics, econometrics and public finance. It will also be useful reading for policymakers responsible for the formulation of taxation.

Tax and Transfer Policy Using Behavioural Microsimulation Modelling

Tax and Transfer Policy Using Behavioural Microsimulation Modelling PDF Author: Creedy, John
Publisher: Edward Elgar Publishing
ISBN: 1802209867
Category : Business & Economics
Languages : en
Pages : 256

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Book Description
The international cast of authors in this important book explore how internationalizing small and medium sized enterprises (iSMEs) face major crises, such as COVID-19, and have managed them to reach a stable and desired state post-crisis. Chapter orientations vary from theoretical to empirical. Each focuses on issues related to a major crisis, and present already-deployed success strategies in 14 different country environments. The rich diversity of chapters offers a highly significant and timely contribution to the field.

Behavioral Simulation Methods in Tax Policy Analysis

Behavioral Simulation Methods in Tax Policy Analysis PDF Author: Martin S. Feldstein
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


Labour Supply and Microsimulation

Labour Supply and Microsimulation PDF Author: John Creedy
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 360

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Book Description
This book provides a detailed introduction to behavioural tax microsimulation methods and reviews the use of such models for evaluating tax policy reforms. The steps required to construct a microsimulation model are described in detail and methods of evaluating policy changes are then presented. Labour Supply and Microsimulation deals with a number of issues related to interpreting results from microsimulation, such as welfare measurement, income distribution, confidence intervals around the simulated results and feedback effects on the wage distribution via labour demand. All of the approaches and proposed methods are general and not model-specific. The book includes detailed descriptions of how labour supply models can be used in building behavioural microsimulation models as well as the development of new methods for evaluating policy reforms; for example, dealing with income distribution in discrete hours models, measuring welfare changes and constructing confidence intervals. John Creedy and Guyonne Kalb's book will appeal to graduate students and academic researchers in the fields of labour economics and public finance. Economists in government departments who wish to use the output from microsimulation models in tax policy analysis and design will also find much to engage them within the book.

Confidence Intervals for Policy Reforms in Behavioural Tax Microsimulation Modelling

Confidence Intervals for Policy Reforms in Behavioural Tax Microsimulation Modelling PDF Author: John Creedy
Publisher:
ISBN: 9780734031747
Category : Confidence intervals
Languages : en
Pages : 43

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Book Description


Microsimulation Modelling of Taxation and the Labour Market

Microsimulation Modelling of Taxation and the Labour Market PDF Author: John Creedy
Publisher: Edward Elgar Publishing
ISBN: 9781782541950
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
Microsimulation Modelling of Taxation and the Labour Market reports new research on behavioural microsimulation modelling of tax and transfer systems. Its aims are twofold. Firstly, the book discusses the rationale for the basic modelling approach adopted and provides information on econometric methods used to estimate behavioural relationships. Secondly, it describes the Melbourne Institute Tax and Transfer Simulator (MITTS) in detail, explaining its main features, installation and use. After providing a broad review of tax modelling, the authors review alternative approaches to the analysis of labour supply behaviour, discuss the main components of behavioural microsimulation models and present econometric results concerning wage functions and preferences. They go on to provide a detailed description of MITTS, which was constructed by the authors in order to examine the implications of tax reforms in Australia.

Confidence Intervals for Policy Reforms in Behavioural Tax Microsimulation Modelling

Confidence Intervals for Policy Reforms in Behavioural Tax Microsimulation Modelling PDF Author: John Creedy
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This paper addresses the need for a measure of the uncertainty that is associated with the results calculated using tax policy behavioural microsimulation models. Deriving the analytical measure would be extremely complicated. Therefore, a simulated approach is proposed, which approximates the sampling distribution of aggregate measures based on the sampling distribution of the estimated labour supply parameters. This approach, which is very computer intensive, is compared with a more time-efficient approach where the functional form of the sampling distribution is assumed to be normal. The results show that in many instances the results from the two approaches are quite similar. The exception is when aggregate measures for minor types of payments, involving relatively small groups of the population, are examined.

Microsimulation Modelling for Policy Analysis

Microsimulation Modelling for Policy Analysis PDF Author: Lavinia Mitton
Publisher: Cambridge University Press
ISBN: 9780521790062
Category : Business & Economics
Languages : en
Pages : 360

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Book Description
Applications and methods of state of the art microsimulation modelling.

A Microsimulation Model for Tax Policy Analysis

A Microsimulation Model for Tax Policy Analysis PDF Author: James Cilke
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 570

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Book Description


Behavioral Simulation Methods in Tax Policy Analysis

Behavioral Simulation Methods in Tax Policy Analysis PDF Author: Martin Feldstein
Publisher: University of Chicago Press
ISBN: 0226241750
Category : Business & Economics
Languages : en
Pages : 523

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Book Description
These thirteen papers and accompanying commentaries are the first fruits of an ongoing research project that has concentrated on developing simulation models that incorporate the behavioral responses of individuals and businesses to alternative tax rules and rates and on expanding computational general equilibrium models that analyze the long-run effects of changes on the economy as a whole. The principal focus of the project has been on the microsimulation of individual behavior. Thus, this volume includes studies of individual responses to an over reduction in tax rates and to changes in the highest tax rates; a study of alternative tax treatments of the family; and studies of such specific aspects of household behavior as tax treatment of home ownership, charitable contributions, and individual saving behavior. Microsimulation techniques are also used to estimate the effects of alternative policies on the long-run financial status of the social security program and to examine the effects of alternative tax rules on corporate investment and of foreign-source income on overseas investment. The papers devoted to the development of general equilibrium simulation models to include an examination of the implications of international trade and capital flows, a study of the effects of capital taxation that uses a closed economy equilibrium model, and an examination of the effect of switching to an inflation-indexed tax system. In the volume's final paper, a life-cycle model in which individuals maximize lifetime utility subject to a lifetime budget constraint is used to simulate the effects of tax rules on personal savings.