Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/68980
Authors: 
Immervoll, Herwig
Lindström, Klas
Mustonen, Esko
Riihelä, Marja
Viitamäki, Heikki
Year of Publication: 
2005
Series/Report no.: 
EUROMOD Working Paper Series EM7/05
Abstract: 
Tax-benefit microsimulation models are frequently used to analyse the distributional, budgetary and behavioural effects of social and fiscal policies in a period t* using data from some previous period that have been adjusted (“aged”) to approximate the population in period t*. This paper considers which types of data adjustments are necessary and appropriate and discusses issues and limitations that affect the scope and interpretation of results based on aged data. It presents a simple conceptual framework for thinking about different types of data adjustments and illustrates the mechanics of ageing procedures in a case study using the EUROMOD tax-benefit model in conjunction with detailed Finnish household micro-data from two periods (1996 and 1998). The case study evaluates the performance of one particular ageing technique by comparing results from the 1998 dataset with those derived from aged 1996 data.
Subjects: 
Data Ageing
Re-weighting
Microsimulation
Tax-Benefit Model
JEL: 
C81
C88
Document Type: 
Working Paper

Files in This Item:
File
Size
186.44 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.