@TechReport{iza:izadps:dp4865,
            	author={Peichl, Andreas and Schneider, Hilmar and Siegloch, Sebastian},
            	title={Documentation IZAΨMOD: The IZA Policy SImulation MODel},
            	year={2010},
	month={Apr},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={4865},
            	url={https://www.iza.org/publications/dp4865},
	abstract={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.},
	keywords={tax and benefit systems;microsimulation;IZAΨMOD;labor demand},
            }