TY  - RPRT
        AU  - Peichl, Andreas
AU  - Schneider, Hilmar
AU  - Siegloch, Sebastian
        TI  - Documentation IZAΨMOD: The IZA Policy SImulation MODel
        PY  - 2010/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4865
        UR  - https://www.iza.org/publications/dp4865
        AB  - 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.
        KW  - tax and benefit systems
KW  - microsimulation
KW  - IZAΨMOD
KW  - labor demand
        ER  -