Euromod

EUROMOD is a EU-wide tax-benefit model directed by Holly Sutherland. EUROMOD is developed and managed by the Institute for Social and Economic Research (ISER) at the University of Essex. It belongs to the class of static microsimulation models and is widely used by the European commission for policy analysis. It has modules for all 28 EU states since 2012. As of October 2018 Matteo Richiardi will take over as director of EUROMOD. EUROMOD is a EU-wide tax-benefit model directed by Holly Sutherland. EUROMOD is developed and managed by the Institute for Social and Economic Research (ISER) at the University of Essex. It belongs to the class of static microsimulation models and is widely used by the European commission for policy analysis. It has modules for all 28 EU states since 2012. As of October 2018 Matteo Richiardi will take over as director of EUROMOD. EUROMOD's microsimulation allows researchers and tax policy experts to simulate, evaluate and compare the impact of various tax policies and benefits on household incomes based on existing national tax codes in the EU. The model gives an estimation of how work incentives affect each country's population separately as well as the EU-zone population as a whole. As it is used to calculate the effects of already existing policies, it is used to evaluate tax-benefit policy reforms on poverty, inequality and individual government budgets. The model is used as a vehicle to conduct scenario-analysis and simulations based on the user's statistical software and hypothesis, thus making it easier for researchers and policy makers to evaluate different policy circumstances.EUROMOD is a universally standardized tool for the EU, as it is intended to produce models and results that are relevant to be applied to all EU-countries. EUROMOD's model is an open access platform, with rapidly increasing active users across Europe. EUROMOD's platform is based on three key components: embedded policy rules, input micro-data and the software. The policy rules embedded in EUROMOD are updated to the existing policies on the 30 June of each year. The data is processed is set to EUROMOD's standard set of protocols. EUROMOD has been producing several studies and have released hundreds of publications about various policy changes across the EU. EUROMOD's most common types of publication are books, research papers, parliamentary papers and journal articles. The subjects of the publications vary from income dynamics and poverty, to welfare benefits and taxation.