MK-MOD

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.

The model has Finance Think – Economic Research & Policy Institute, Skopje, as its institutional affiliation.

History:

Initial attempts to build microsimulation model for Macedonia were done in 2012 under the auspeces of the Regional Research Promotion Program (RRPP). Today’s team of the model obtained the relevant skills then. However, with the completion of the project (and hence financing), the model was put ad acta. In 2017, a new initiative was raised, with proper institutional backing of the model, swithing to Stata instead Excel, and providing sufficient initial funding for setting robust and validated model.

Current team members:

Dr. Marjan Petreski, University American College Skopje & Finance Think - Economic Research & Policy Institute Dr. Blagica Petreski, Finance Think - Economic Research & Policy Institute Ms. Despina Tumanoska, Finance Think - Economic Research & Policy Institute

Former team members:

Dr. Nikica Mojsovska, University American College Skopje

Status:

Maintained

Content accessibility:

• Private, access restricted

Data accessibility:

• Private
Notes: Private

Input data sources:

• Quality of Life Survey 2017

Model outputs:

• Petreski, M. and Mojsoska-Blazevski, N. (2017) Overhaul of the social assistance system in Macedonia: Simulating the effects of introducing Guaranteed Minimum Income (GMI) scheme. Finance Think Policy Study No. 11.
• Petreski, B. and Gacov, P. (2018) Sustainability of the pension system in Macedonia: A comprehensive analysis and reform proposal with MK-PENS – dynamic microsimulation model. Finance Think Policy Study No. 14.
• Petreski, M. and Kocovska, T. (2018) Regulatory impact assessment of the changes in the Minimum Wage Law. Finance Think Policy Study No. 17.
• Will the social pension reduce the poverty of the elderly
• Tumanoska, D., Josifovska, B. and Petreski, M. Good or bad tax? Assessing the early effects of the progressive and higher income tax in North Macedonia. Finance Think Policy Study No. 24.
• 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.
• 2020.The Social and Economic Effects of Covid-19 on Children in North Macedonia: Rapid Analysis and Policy Proposals
• Was it necessary to provide financial support to companies to retain jobs during the Covid-19 crisis? Policy Brief 44
• To what extent will Covid-19 increase poverty in North Macedonia?
• Was it necessary to provide financial support to companies to retain jobs during the Covid-19 crisis? Policy Brief 41
• Poverty during Covid-19 in North Macedonia: Analysis of the distributional impact of the crisis and government response
• Petreski, B., Petreski, M., Tomovska Misoska, A., Tumanoska, D. (2021) The Social and Economic Effects of COVID-19 on Children in North Macedonia: An Update. Finance Think Policy Studies 2021-06/35, Finance Think - Economic Research and Policy Institute.
• Petreski, M. (2021) The impact of the pandemic of Covid-19 on child poverty in North Macedonia: Simulation-based estimates. Journal of Social Policy, 17, p.99-129.
• Petreski, B. and Petreski, M. (2021) Dynamic microsimulation modelling of potential pension reforms in North Macedonia. Journal of Pension Economics and Finance, 20(1), p.49-66.
• Petreski, M. and Petreski, B. (2023) The impact of the food and energy crisis on household welfare in North Macedonia. Finance Think Policy Brief No. 45 (forthcoming)

Model documentation:

• http://www.financethink.mk/models/tax-benefit-microsimulation-model/