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Taxes and benefits, Consumption, savings and wealth

Research articles · Apr 30, 2022

Modeling Work Incentives in Microsimulation Models

Anders Klevmarken

Department of Economics, Uppsala, Sweden

Volume 15(1) Spring 2022

Cite as: A. Klevmarken; 2022; Modeling Work Incentives in Microsimulation Models; International Journal of Microsimulation; 15(1); 97–106. doi: 10.34196/ijm.00253

This article contains 8 figures and 1 table.

Figures

Figure 1. Budget sets for two households by husband’s and wife’s workhours. Source: Klevmarken et al. (1995) Figure 2.7.
Figure 2. Median Budget sets for single women 1985 with 1985 taxes and benefits and with 1992 taxes and 1985 benifits respectively. Source: Klevmarken et al. (1995) Figure 2.8.
Figure 3. Quartile changes in disposable income by workhours for single women caused by the taxchanges 1985-92. Source: Klevmarken et al. (1995) Figure 2.11.
Figure 4. Budget set and indifference curves.
Figure 5. Distribution of working hours, males. Simulated values from a Hausman model. Source: van Soest et al. (1990).
Figure 6. Distribution of working hours per week, females. Simulated vales from a Hausman model. Source: van Soest et al. (1990).
Figure 7. Distribution of working hours per week, males. Simulated hours from a model including offered hours. Source: van Soest et al. (1990), Figure 2.
Figure 8. Distribution of working hours per week, females. Simulated values from a model including offered hours. Source: van Soest et al. (1990).

Tables

Table 1. Estimated wage rate and income elasticities from a Hausman model in MICROHUS.
Elasticities*SinglesMalesFemales
Wage rate0.1433-0.0132-0.0057
Income-0.5813-0.1813-0.1493
Compensated0.60110.12960.1119

Note: The last two columns include estimates for married and cohabiting couples.