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- Title
Tax and Transfer Policy Using Behavioural Microsimulation Modelling: Design and Evaluation.
- Authors
Phillips, Ben
- Abstract
This article provides an overview of the book "Tax and Transfer Policy Using Behavioural Microsimulation Modelling: Design and Evaluation" by Creedy and Mok. The book focuses on behavioural microsimulation, with a particular emphasis on the tax and welfare systems of New Zealand and Australia. It explains the concepts and theory behind behavioural microsimulation and its practical application in modeling the impacts of changes to tax and transfer systems. The authors highlight the importance of this modeling in understanding the complex effects of policy changes, particularly for sub-populations such as single parents and low-income earners. They also discuss the strengths and limitations of behavioural microsimulation and its role in analyzing small policy changes. The book includes real-world examples of policy change simulations and emphasizes the value judgments involved in determining outcomes. While the book provides valuable insights, it could benefit from more discussion on the use of such modeling by governments and the comparison of modeling results with actual outcomes.
- Subjects
INHERITANCE &; transfer tax; FISCAL policy; LABOR supply; LOW-income parents; SINGLE parents; PUBLIC finance
- Publication
Economic Record, 2024, Vol 100, Issue 329, p276
- ISSN
0013-0249
- Publication type
Article
- DOI
10.1111/1475-4932.12806