Examines the interrelationship between labour market performance and the tax and social security systems through the development of a general equilibrium model called MIMIC (Micro Macro model to analyse the Institutional Context). Simulations cover the period 1987 to 2017.
Tax systems raise large amounts of revenue for funding public sector's activities, and tax/transfer policy, together with public provision of education, health care, and social services, play a crucial role in treating the symptoms and the causes of poverty. The normative analys…
The book explains in depth the Mirrlees model itself and presents various extensions of it. One set of extensions considers changing the preferences for consumption and work: behavioural-economic modifications (such as positional externalities, prospect theory, paternalism, myop…
