Labour Supply and Microsimulation: The Evaluation of Tax Policy Reforms
Language: English
Published by Edward Elgar, 2006
- Hardcover
- Used
Seller: killarneybooks, Inagh, Clare, Irelandkillarneybooks
AbeBooks seller since April 20, 2017
Condition: Used - Good
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Hardcover, xx + 327 pages, NOT ex-library. Missing the dust jacket. Good+, little wear. A crease in lower half of both blank endpapers, gently showing also on pages. Interior is clean and bright throughout with unmarked text, free of inscriptions and stamps, firmly bound. -- This book provides a rigorous technical framework for using behavioural microsimulation models to predict how changes in tax and social security systems affect people's decisions to work. It bridges the gap between complex econometric theory and practical policy evaluation. The authors focus on the "labour supply response" - the way individuals adjust their working hours or participation in the workforce when their net income changes due to government policy. Discrete Choice Modelling: A central feature of the book is the use of discrete choice models to estimate labour supply. Rather than assuming people can work any number of hours, these models recognise that individuals usually choose between specific options (e.g., not working, part-time, or full-time). The MITTS Model: Much of the research is illustrated using the Melbourne Institute Tax and Transfer Simulator (MITTS). The book explains how this tool was developed to analyse the Australian tax system, though the principles are applicable globally. Welfare and Inequality: Beyond just "hours worked," the book explores how to measure the social welfare effects of reforms, including their impact on income inequality and poverty. Revenue Neutrality: It provides methods for calculating whether a proposed tax cut can "pay for itself" through increased labour activity or if it requires offsetting adjustments to remain revenue-neutral. Key Thematic Sections: The volume is structured to guide the reader through the entire simulation process: - Econometric Estimation: How to use household survey data to estimate the parameters of individual preferences. - Simulation Techniques: Detailed explanations of the "calibration" and "arithmetic" involved in microsimulation. - Policy Applications: Case studies evaluating real-world reforms, such as the introduction of Working Tax Credits or changes to marginal tax rates. - Extension to Families: Analysis of how "joint" labour supply decisions are made within a household (e.g., how a husband's tax rate affects a wife's incentive to work). This book is a staple for public economists, treasury officials, and social researchers. It is highly regarded for its clarity in explaining the "black box" of microsimulation, making it accessible to those who need to understand the trade-offs between equity and efficiency in modern fiscal policy.…
Seller Inventory # 012946
- Title
- Labour Supply and Microsimulation: The Evaluation of Tax Policy Reforms
- Author
- John Creedy; Guyonne Kalb
- Publisher
- Edward Elgar
- Publication year
- 2006
- Condition
- Good
- Dust jacket
- No Jacket
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 1845428811
- ISBN 13
- 9781845428815
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.
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killarneybooks
Inagh, Clare, Ireland
AbeBooks seller since April 20, 2017
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All U.S.-bound orders are now shipped with UPS for reliable delivery. Additional customs or import fees are highly unlikely; however, please note buyers remain responsible for any duties or taxes that U.S. Customs may assess. -- Killarneybooks is a family-run bookshop based in the Republic of Ireland. We take pride in accurate listings, careful packaging, and prompt service - most orders ship within 24 hours. All books listed are in stock and ready for immediate dispatch - we are not dropshippers. Inquiries always welcome.…
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