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dc.contributor.authorAaberge, Rolf
dc.contributor.authorColombino, Ugo
dc.date.accessioned2019-08-07T10:26:39Z
dc.date.available2019-08-07T10:26:39Z
dc.date.issued2015-04
dc.identifier.issn1892-753X
dc.identifier.urihttp://hdl.handle.net/11250/2607422
dc.description.abstractThis paper is published as Chapter 7 of Handbook of Microsimulation Modelling edited by Cathal O’Donoghue, and issued in the series Contributions to Economic Analysis by Emerald Publishing Group. The purpose of the paper is to provide a detailed discussion in relation to the development of the field of labour supply focused microsimulation models and methodological choices. The paper identifies three methodologies for modelling labour supply • The Reduced Form Approach • The Structural “Marginalist” Approach • The Random Utility Maximisation Approach The paper considers issues associated with the reliability of structural models relative to (ex-post) experimental or quasi-experimental analysis. Recognising however the need to undertake ex-ante analysis, it questions, whether there are alternatives to structural models and how can we evaluate structural models and how they are compared with other approaches. The paper then describes approaches to utilising these models for policy simulation in terms of producing and interpreting simulation outcomes, outlining an extensive literature of policy analyses utilising the approach. Also labour supply is not only central to modelling behavioural response but also modelling optimal tax-benefit systems, with a focus on a computational approach, given some of the challenges of the theoretical approach. Combining labour supply results with welfare functions enables the social evaluation of policy simulations. Combining welfare functions and labour supply functions, the chapter then identifies how to model socially optimal income taxation.nb_NO
dc.language.isoengnb_NO
dc.publisherStatistisk sentralbyrånb_NO
dc.relation.ispartofseriesDiscussion papers;807
dc.subjectInequalitynb_NO
dc.subjectPovertynb_NO
dc.subjectDeprivationnb_NO
dc.subjectMultidimensional well-beingnb_NO
dc.subjectCapabilities and functioningsnb_NO
dc.subjectJEL classification: D10nb_NO
dc.subjectJEL classification: D31nb_NO
dc.subjectJEL classification: H21nb_NO
dc.subjectJEL classification: H24nb_NO
dc.subjectJEL classification: J20nb_NO
dc.titleLabour Supply modelsnb_NO
dc.typeWorking papernb_NO
dc.description.versionpublishedVersionnb_NO
dc.source.pagenumber59 s.nb_NO


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