%0 Report
        %A Peichl, Andreas
%A Schneider, Hilmar
%A Siegloch, Sebastian
        %T Documentation IZAΨMOD: The IZA Policy SImulation MODel
        %D 2010
        %8 2010 Apr
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 4865
        %U https://www.iza.org/index.php/publications/dp4865
        %X This paper describes IZAΨMOD, the policy microsimulation model of the Institute for the Study of Labor (IZA). The model uses household microdata from the German Socio-Economic Panel Study and firm data from the German linked employer-employee dataset LIAB. IZAΨMOD consists of three components: First, a static module simulates the effects of a tax reform on the budget of the individual households. Secondly, behavioral labor supply responses are estimated. The third component distinguishes our model from most other microsimulation tools. A demand module takes into account possible restrictions of labor demand and identifies the partial equilibrium of the labor market after the supply reactions.
        %K tax and benefit systems
%K microsimulation
%K IZAΨMOD
%K labor demand