Microsimulation Modelling Of Taxation And The Labour Market
The Melbourne Institute Tax and Transfer Simulator
John Creedy, The Truby Williams Professor of Economics, University of Melbourne, Australia, Alan S. Duncan, Curtin University, Australia, Mark Harris, Senior Lecturer, Monash University and Rosanna Scutella, Research Fellow, MIESR, University of Melbourne, Australia
Hardback £78.00 on-line price £70.20
Microsimulation Modelling of Taxation and the Labour Market reports new research on behavioural microsimulation modelling of tax and transfer systems. Its aims are twofold. Firstly, the book discusses the rationale for the basic modelling approach adopted and provides information on econometric methods used to estimate behavioural relationships. Secondly, it describes the Melbourne Institute Tax and Transfer Simulator (MITTS) in detail, explaining its main features, installation and use.
Contents: Preface Part I: Introduction 1. Introduction and Outline 2. Tax Modelling Part II: Estimation and Modelling 3. Wage Functions 4. Budget Constraints 5. Labour Supply 6. Labour Supply with Continuous Hours 7. Labour Supply of Single Persons 8. Household Labour Supply 9. The Quadratic Direct Utility Function Part III: The MITTS Model 10. Outline of MITTS 11. Installing MITTS 12. Using MITTS 13. Taxes and Benefits: March 1998 Bibliography Index