Documentation IZA?MOD v3.0: The IZA Policy Simulation Model

Max Löffler, Andreas Peichl, Nico Pestel, Sebastian Siegloch and Eric Sommer

No 8553, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper describes IZA?MOD, the policy microsimulation model of the Institute for the Study of Labor (IZA). The model uses household microdata from the German Socio-Economic Panel Study and firm data from the German linked employer-employee dataset LIAB. IZA?MOD consists of three components: First, a static module simulates the effects of a tax-benefit reform on the budget of the individual household. This includes taxes on income and consumption, social security contributions, public transfers. Secondly, behavioral labor supply responses are estimated. The third component distinguishes our model from most other microsimulation tools. A demand module takes into account possible restrictions of labor demand and identifies the partial equilibrium of the labor market after the supply reactions.

Keywords: microsimulation; tax and benefit systems; labor supply; labor demand; Germany (search for similar items in EconPapers)
JEL-codes: D58 H20 J22 J23 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2014-10
New Economics Papers: this item is included in nep-cmp and nep-lma
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Citations: View citations in EconPapers (16)

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