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 info@financethink.mk.

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Research utilizing MK-MOD:

• Marjan Petreski & Blagica Petreski & Ana Tomovska Misoska & Despina Tumanoska, 2021. “The Social and Economic Effects of COVID-19 on Children in North Macedonia: An Update,” Finance Think Policy Studies 2021-05/35, Finance Think – Economic Research and Policy Institute.
• Blagica Petreski & Marjan Petreski & Vladimir Dimkovski & Aleksandar Stojkov & Ana Tomovska Misoska & Maja Parnardzieva Zmejkova & Vladimir Dimkovski, 2020. “Bridging measures to alleviate Covid-19 consequences: Design proposal, cost and key effects,” Finance Think Policy Studies 2020-12/32, Finance Think – Economic Research and Policy Institute.
• Marjan Petreski & Blagica Petreski & Ana Tomovska Misoska & Maja Gerovska Mitev & Maja Parnardzieva Zmejkova & Vladimir Dimkovski & Nicholas Morgan, 2020. “The Social and Economic Effects of Covid-19 on Children in North Macedonia: Rapid Analysis and Policy Proposals,” Finance Think Policy Studies 2020-07/30, Finance Think – Economic Research and Policy Institute. 
• Finance Think, 2020. “Was it necessary to provide financial support to companies to retain jobs during the Covid-19 crisis?” Policy Brief 44.
• Finance Think, 2020. “To what extent will Covid-19 increase poverty in North Macedonia?” Policy Brief 43.

• 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.How did the market assess the economic measures against Covid-19?“