SIMTASK: A Microsimulation model of the Slovak Tax-Benefit System

Zuzana Siebertova (), Norbert Svarda () and Jana Valachyova ()

Discussion Papers from Council for Budget Responsibility

Abstract: In this paper we introduce a microsimulation model of the Slovak tax and transfer system SIMTASK. It presents a complex toolkit for static microsimulations. Compared to earlier version of the CBR microsimulation model, simulated results are closer to reality. This has been achieved by recalibrating sample weights of the input database, where the income distribution has been taken into account directly. The improved fit is documented by validating the tax and transfer aggregates using both the original sample weights and the new ones against external data. Along with some other refinements to the model and external data considerations, the paper concludes that the validity of SIMTASK improved in terms of personal income tax simulations, social security contributions simulations, as well as simulations of family related benefits.

Keywords: microsimulation; EUROMOD; tax and benefit policy; Slovakia (search for similar items in EconPapers)
JEL-codes: C81 H24 I38 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2015-08
New Economics Papers: this item is included in nep-cmp, nep-eur and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cbe:dpaper:201503

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