A new report using the newly updated and released version of EUROMOD provides a country-by-country analysis of how household incomes changed due to tax-benefit policies in the periods 2013 to 2014 and 2014 to 2015. The analysis captures the effect of reforms and of changes (or lack of them) to benefit levels and tax thresholds relative to what would have happened if the whole system had simply been indexed for inflation. It shows the effects across the household income distribution and by type of policy.
This is the first publication of this kind and the team plan to produce it annually alongside each EUROMOD release.
Comments and suggestions for improvement are very welcome and should be sent to euromod@essex.ac.uk (with the subject ‘PET analysis feedback’).
This paper can be downloaded here
The report is published as the development team at ISER announce an updated release of EUROMOD (G3.0).
This includes, for all EU28 countries:
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tax-benefit policies up to 2014 and, for 22 countries, up to 2015;
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input data from 2012 SILC for all countries;
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revisions to older datasets (since public release G1.0);
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a new Policy Effects Tool and changes to the model needed to accommodate it.