Labour Supply and Microsimulation: The Evaluation of Tax Policy Reforms

Authored by John Creedy, The Truby Williams Professor of Economics and Guyonne Kalb, Associate Professor, The Melbourne Institute of Applied Economic and Social Research, University of Melbourne, Australia.

This book provides an 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. 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.

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.

2006, 352 pages, ISBN-13 978 1 84542 881 5, ISBN-10 1 84542 881 1

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