Behavioural Response In The Context Of Socio Economic Microanalytic Simulation
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Behavioural Response in the Context of Socio-economic Microanalytic Simulation
This paper presents a critical survey of the labour/leisure choice frame-work and its usefulness in analyzing behavioural response to tax and social policy legislation. Micro simulation, once it moves beyond simplistic incidence analysis, must consider the behavioural response of individuals to changes which legislation induces in the constraints which individuals face. Due to its analytical simplicity, the labour/leisure framework offers a useful "first step" in modeling such behavioural response. The paper surveys the existing literature on labour supply elasticities and suggests some working assumptions. It concludes, however, on a note of caution - namely that the single period labour/leisure choice model may be a very poor guide to the behaviour of the "working poor" when confronted with changes tax and social policy legislation -- more elaborate models of lifecycle behaviour are clearly required.
Changing Patterns in the Distribution of Economic Welfare
Author: Peter Gottschalk
language: en
Publisher: Cambridge University Press
Release Date: 1997-09-29
This 1997 book examines the income distributional experience of fifteen developed economies - representing a wide range of social and economic strategies - over the past two decades. Experts from each of the countries have carefully documented the pattern of distributional change in individual earnings and household income in their countries and analysed the driving forces behind these changes. Separate chapters are devoted to the experiences of Australia, Canada, the Czech Republic, Finland, France, West and former East Germany, Greece, Hungary, Ireland, Israel, Japan, the Netherlands, Sweden, the United Kingdom and the United States. The authors examine the effects on the inequality of household income of the development of individual earnings, unemployment, inflation, public sector transfers and taxes, and demographic changes.
Microlog, Canadian Research Index
An indexing, abstracting and document delivery service that covers current Canadian report literature of reference value from government and institutional sources.