A new equilibrium simulation procedure with discrete choice models
- Dipartimento di Economia e Statistica “S. Cognetti De Martiis”, University of Torino, Italy
Cite this article
as: U. Colombino; 2013; A new equilibrium simulation procedure with discrete choice models; International Journal of Microsimulation; 6(3); 25-49.
doi: 10.34196/ijm.00087
Tables
Table 1
Effects of the reforms according to the different simulation procedures.
| Rank based on the Gini Social Welfare Function | Monthly Average Household Net Income | Top Marginal Tax Rate (%) | Head-Count Poverty Ration (%) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| N. E. | η=0 | η=0.5 | η=1 | η=∞ | N. E. | η=0 | η=0.5 | η=1 | η=∞ | N. E. | η=0 | η=0.5 | η=1 | η=∞ | N. E. | η=0 | η=0.5 | η=1 | η=∞ | |
| Pre-Reform | 7° | 7° | 7° | 7° | 3° | 2234 | 2228 | 2231 | 2231 | 2214 | 43.7 | 43.7 | 43.7 | 43.7 | 43.7 | 4.33 | 4.33 | 4.33 | 4.33 | 4.42 |
| GMI-50 | 4° | 4° | 4° | 4° | 2° | 2,185 | 2,366 | 2,198 | 2,200 | 2,163 | 45.9 | 44.9 | 45.8 | 45.7 | 45.9 | 2.26 | 2.95 | 2.48 | 2.48 | 2.44 |
| GMI-75 | 6° | 2° | 5° | 5° | 5° | 2,176 | 2,421 | 2,189 | 2,192 | 2,134 | 48.2 | 45.7 | 47.3 | 47.2 | 47.7 | 0.87 | 1.32 | 0.81 | 0.81 | 0.72 |
| GMI-100 | 5° | 1° | 6° | 6° | 7° | 2,168 | 2,476 | 2,169 | 2,173 | 2,091 | 51.3 | 48.2 | 50.9 | 51.1 | 52.1 | 0.01 | 0.26 | 0.00 | 0.01 | 0.00 |
| UBI-50 | 2° | 3° | 1° | 1° | 1° | 2,185 | 2,334 | 2,195 | 2,199 | 2,162 | 50.9 | 50.0 | 50.9 | 50.8 | 50.9 | 0.52 | 0.62 | 0.52 | 0.52 | 0.46 |
| UBI-75 | 1° | 5° | 2° | 2° | 4° | 2,173 | 2,244 | 2,180 | 2,186 | 2,127 | 55.4 | 54.7 | 55.3 | 55.2 | 55.5 | 0.04 | 0.06 | 0.04 | 0.04 | 0.02 |
| UBI-100 | 3° | 6° | 3° | 3° | 6° | 2,158 | 1,986 | 2,164 | 2,170 | 2,087 | 59.9 | 62.0 | 59.8 | 59.7 | 60.3 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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N.E. = No-equilibrium simulation procedure;
Head-Count Poverty Ratio = percentage of households below the Poverty Level (as defined in Section 5.2);
Net Income is measured in Euros.
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