EUROMOD baseline report

Silvia De Poli, Celia GIL-BERMEJO LAZO Celia, Chrysa Leventi, Sofia Maier, Andrea Papini, Mattia Ricci, Hannes Serruys (hannes.serruys@ec.europa.eu), Vanda Almeida, Michael Christl, Hugo Cruces (hugo.cruces@ec.europa.eu), Paola De Agostini, Klaus Grünberger (k.gruenberger@gmail.com), Adrian Hernandez (adrian.hernandez-martin@ec.europa.eu), Marta Jedrych Villa (marta.jedrych-villa@ec.europa.eu), Kostas Manios (kostas.manios@ec.europa.eu), Alberto Mazzon, Silvia Navarro Berdeal, Bianey Palma Fernandez (bianey.palma-fernandez@ec.europa.eu), Fidel Picos, Alberto Tumino and Estefanía Vazquez Torres
Additional contact information
Celia GIL-BERMEJO LAZO Celia: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Hannes Serruys: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Hugo Cruces: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Adrian Hernandez: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Marta Jedrych Villa: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Kostas Manios: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Bianey Palma Fernandez: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No 2023-05, JRC Working Papers on Taxation & Structural Reforms from Joint Research Centre

Abstract: This report provides a selection of baseline results and headline indicators from the latest public version (I5.0+) of EUROMOD, the tax-benefit microsimulation model for the EU. We begin by presenting indicators for income inequality and at-risk-of-poverty. We then provide a comparative decomposition of the redistributive effect of the tax-benefit systems across the EU. We study how different Member States achieve various degrees of redistribution through different combinations of progressivity and size of their tax-benefit systems. We then analyse various work incentive indicators both at the intensive and the extensive margin, discussing how effective marginal rates of taxation and replacement rates vary across countries. The report also describes the way EUROMOD can be used to simulate economic shocks leading to labour market transition through the LMA (Labour Market Adjustment) add-on. We illustrate this by simulating the impact of the COVID-19 pandemic and the cushioning effect of policy measures taken by EU Member States. Finally, we present the evolution of the income distribution over the post-financial crisis decade and we compare living standards across EU countries at the top and the bottom of the income distribution.

Keywords: EUROMOD (search for similar items in EconPapers)
Date: 2023-05
New Economics Papers: this item is included in nep-eec and nep-eur
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: EUROMOD baseline report (2024)
Working Paper: EUROMOD baseline report (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:taxref:202305

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