MK-MOD – Tax & Benefit Microsimulation Model
Finance Think maintains and adjusts MK-MOD – Tax & Benefit Microsimulaton Model for Macedonia. The model enables calculation of the effects of taxes and benefits on household incomes and work incentives for the population of the country.
MK-MOD is a static model, applying user-defined tax and benefit policy rules to micro-data on individuals and households, calculates the effects of these rules on household income, and then outputs results – still at the micro level. The model is STATA-based.
We use MK-MOD to simulate as much as possible of the tax and benefit components of household disposable income, by simulating the following instruments: income taxes, social contributions, family benefits, social assistance and other income-related benefits.
MK-MOD belongs to the family of EUROMOD – the Tax-Benefit Microsimulation Model for the European Union.
MK-MOD can be linked to, or used alongside, other types of model (behavioural, macro-economic or environmental) as a tax-benefit policy calculator or to provide a distributional perspective.
The model is accessible to interested parties, only in the premises of Finance Think and under certain contractual relations. In case you want to use it, send a request to firstname.lastname@example.org.
Research utilizing MK-MOD:
- Finance Think, 2020. “Was it necessary to provide financial support to companies to retain jobs during the Covid-19 crisis?” Policy Brief 41.
- Despina Tumanoska & Bojana Josifovska & Marjan Petreski, 2019. “Good or bad tax? Assessing the early effects of the progressive and higher personal income tax in North Macedonia,” Finance Think Policy Studies2019-06/24, Finance Think – Economic Research and Policy Institute.
- Finance Think, 2019. “Will the social pension reduce the poverty of the elderly?,” Policy brief 33.
- Petreski, M. (2019) Remittances and labour supply revisited: New evidence from the Macedonian behavioural tax and benefit microsimulation model. Migration Letters, 16(2), p.219-236.
- Marjan Petreski & Tereza Kocovska, 2018. “Regulatory impact assessment of the changes in the Minimum Wage Law,” Finance Think Policy Studies 2018-10/17, Finance Think – Economic Research and Policy Institute.
- Blagica Petreski & Pavle Gacov, 2018. “Sustainability of the pension system in Macedonia: A comprehensive analysis and reform proposal with MK-PENS – dynamic microsimulation model,” Finance Think Policy Studies2018-02/14, Finance Think – Economic Research and Policy Institute.
- Marjan Petreski & Nikica Mojsoska-Blazevski, 2017. “Overhaul of the social assistance system in Macedonia: Simulating the effects of introducing Guaranteed Minimum Income (GMI) scheme,” Finance Think Policy Studies 2017-11/11, Finance Think – Economic Research and Policy Institute.