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

Authors

Matteo Richiardi, Diego Collado, Daria Popova

Publication Date

Aug 2021

Abstract

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.

Publication type

CeMPA Working Paper Series

Series Number

CEMPA7/21

Research area

Tax and benefit systems

Links

https://www.iser.essex.ac.uk/research/publications/working-papers/cempa/cempa7-21

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

  Matteo Richiardi, Diego Collado, Daria Popova, Journal Article -01 Jun 2021

Cid:536922