Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/228384
Authors: 
Hufkens, Tine
Goedeme, Tim
Gasior, Katrin
Leventi, Chrysa
Manios, Kostas
Rastrigina, Olga
Recchia, Pasquale
Sutherland, Holly
Van Mechelen, Natascha
Verbist, Gerlinde
Year of Publication: 
2019
Series/Report no.: 
EUROMOD Working Paper No. EM5/19
Abstract: 
This paper introduces the Hypothetical Household Tool (HHoT), a new extension of EUROMOD, the tax-benefit microsimulation model for the European Union. With HHoT, users can easily create their own hypothetical data, which enables them to better understand how policies work for households with specific characteristics. The tool creates unique possibilities for an enhanced analysis of taxes and social benefits in Europe by integrating results from microsimulations and hypothetical household simulations in a single modelling framework. Furthermore, the flexibility of HHoT facilitates an advanced use of hypothetical household simulations to create new comparative policy indicators in the context of multi-country and longitudinal analyses. In this paper, we highlight the main features of HHoT, its strengths and limitations, and illustrate how it can be used for comparative policy purposes.
Subjects: 
HHoT
microsimulation model
hypothetical household simulations
European Union
JEL: 
H20
D31
C88
Document Type: 
Working Paper

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