ISER’s EUROMOD team has successfully finalised and released the new 18-country version of its tax-benefit micro-simulation model for the EU. The release comes at the same time as confirmation of a further three years’ funding for the project from the European Commission.
EUROMOD, a tool that enables researchers and policy analysts to calculate, in a comparable manner, the effects of taxes and benefits on household incomes and work incentives for the population of each country and for the EU as a whole, also calculates the effects of actual policies and is also used to evaluate the effects of tax-benefit policy reforms and other changes on poverty, inequality, incentives and government budgets.
Holly Sutherland, who heads up the international team behind the model, said:
“EUROMOD is without question a unique resource for cross-national research and this latest release represents a major step in its development. Ultimately the model will cover all 27 EU countries and we are delighted to have secured the funding to enable us to continue updating and improving the model.”
And she added:
“A great deal of work and expertise from around the world has gone in to getting EUROMOD to this point and we hope that many more researchers will now start to make use of it in their analysis of many of the important social and economic issues that are affecting us all today.”