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dc.contributor.authorCreedy, J.
dc.contributor.authorDuncan, Alan
dc.date.accessioned2017-01-30T12:06:20Z
dc.date.available2017-01-30T12:06:20Z
dc.date.created2015-09-29T02:03:55Z
dc.date.issued2005
dc.identifier.citationCreedy, J. and Duncan, A. 2005. Aggregating Labour Supply and Feedback Effects in Microsimulation. Australian Journal of Labour Economics. 8 (3): pp. 277-299.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/18167
dc.description.abstract

This paper explores an extention of behavioural microsimulation modelling so that third round effects of a policy change can be simulated. The first round effects relate to fixed hours of work, while second round effects allow for changes in desired hours of work at unchanged wages. Third round effects allow for endogenous changes to the distribution of wage rates resulting from the labour supply responses to tax changes. This is achieved using the concept of an aggregate ‘supply response schedule’, which identifies the extent to which average labour supply responds to a proportional change in wage rates. The third round effect is obtained after re-running a micro simulation model with a suitable modification to individuals’ wage rates. The method is illustrated using the MITTS behavioural microsimulation model.

dc.publisherThe Centre for Labour Market Research, Curtin Business School, Curtin University of Technology
dc.titleAggregating Labour Supply and Feedback Effects in Microsimulation
dc.typeJournal Article
dcterms.source.volume8
dcterms.source.number3
dcterms.source.startPage277
dcterms.source.endPage299
dcterms.source.issn13281143
dcterms.source.titleAustralian Journal of Labour Economics
curtin.accessStatusFulltext not available


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