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Behavioural microsimulation with labour supply responses

delete2002-12-16
delete47
PRE
AI
J
John Creedy *
A
Alan Duncan
DOI：10.1111/1467-6419.00158delete
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Abstract

Abstract

En 中文
This paper provides a technical survey of recent developments in behavioural microsimulation. We discuss the criteria by which models of labour supply may be chosen for application to behavioural microsimulation, and consider how such models may be augmented to control for fixed costs, child-related work costs, preference heterogeneity and endogeneity in wages. We describe methods by which non-linear budget constraints may be accommodated in estimation, policy simulations and welfare analysis, and discuss how stochastic terms may be factored into the simulation of behavioural responses to a policy shock.
Keywords:
EMPIRICAL-MODEL
LONE MOTHERS
TAX REFORMS
TAXATION
PARTICIPATION
UNEMPLOYMENT
ECONOMETRICS
INCOME
WORK
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Journal

Journal of Economic Surveys cover
Journal of Economic Surveys
IF:
5
Papers:
1.2K
Citations:
5.9K

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