Documentation IZAΨMOD v3.0: The IZA Policy Simulation Model

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

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Document Type: Working paper
Year of publication: 2014
The title of a journal, publication series: IZA Discussion Paper Series
Volume: 8553
Place of publication: Bonn
Publishing house: Forschungsinstitut zur Zukunft der Arbeit (IZA)
Publication language: English
Institution: School of Law and Economics > VWL, Quantitative Finanzwissenschaft (Peichl 2013-2017)
School of Law and Economics > VWL, Wirtschaftspolitik u. Politische Ökonomie (Juniorprofessur) (Siegloch 2014-2017)
Subject: 330 Economics
Classification: JEL: D58 , H20 , J22 , J23,
Keywords (English): microsimulation , tax and benefit systems , labor supply , labor demand , Germany
Abstract: This paper describes IZAΨMOD, the policy microsimulationmodel 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. IZAΨMOD consists of three components: First, a static module simulates the effects ofa 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.

Dieser Eintrag ist Teil der Universitätsbibliographie.

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