Microsimulation modelling of taxation and the labour market : the Melbourne Institute Tax and Transfer Simulator

Abstract

Part 1 Introduction: introduction and outline tax modelling -the need for tax models, microsimulation models, non-behavioural tax models, behavioural microsimulation models, conclusions. Part 2 Estimation and modelling: wage functions - the model, empirical results, wage predictions, conclusion budget constraints - convex budget sets, non-convex budget sets, an example, conclusions labour supply - some basic theory, estimating models of labour supply, accounting for preference heterogeneity in simulation, conclusions labour supply with continuous hours - labour supply, the budget constraint, utility maximization, welfare changes, a special case, conclusions labour supply of single persons - the framework, empirical results, conclusions household labour supply - the framework of analysis, the date, empirical results, conclusion the quadratic direct utility function - labour supply, the Slutsky condition, welfare changes, conclusions. Part 3 The MITTS model: outline of MITTS - the main features of MITTS, the structure of MITTS, conclusions installing MITTS - data installation, installing MITTS, the MITTS file structure using MITTS - alternative tax systems, running MITTS-A, running MITTS-B, selecting households, the output from MITTS, conclusions taxes and benefits - March 1998 - income taxation, income tax rebates, rent assistance, pension and benefit rates, newstart allowance, youth training allowance, mature age allowance, widow allowance, AUSTUDY, special benefit, partner allowance, parenting payment, family allowance, maternity allowance, family tax payment.

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