Journal Article

UKMOD – a new tax-benefit model for the four nations of the UK

By Matteo Richiardi, Diego Collado and Daria Popova

Publication details

Publication date: 1 June 2021
Published in: International Journal of Microsimulation
Volume: 14
Pages: pp. 92–101
Publisher: International Microsimulation Association
DOI: https://doi.org/10.34196/IJM.00231
ISSN: 17475864

Summary

In this paper we introduce UKMOD, a new tax-benefit model for England, Wales, Scotland, Northern Ireland and the whole of the UK. The model originates and replaces as a stand-alone model the UK component of EUROMOD, the tax-benefit model for the European Union member states, which from 2021 is not updated anymore. We describe the main departures from EUROMOD, discuss some key assumptions including data issues, and provide information on the nowcasting and macro-validation procedure applied.

Notes

Open Access

This article is distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use and redistribution provided that the original author and source are credited.

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