John Creedy, Wellington School of Business and Government, Victoria University of Wellington, New Zealand and Guyonne Kalb, Associate Professor, The Melbourne Institute of Applied Economic and Social Research, University of Melbourne, Australia

• Contents: Part I: Introduction 1. Introduction Part II: Microsimulation Issues 2. Continuous Hours Labour Supply 3. Discrete Hours Labour Supply 4. Estimation of Discrete Hours Models 5. Simulation with Discrete Hours 6. Reweighting of Sample Surveys Part III: Evaluation of Policy Changes 7. Welfare Changes and Tax Burdens 8. Welfare Measures and Labour Supply 9. Distributional Analyses in Discrete Models 10. Choice of the Unit of Analysis in Distributional Measures 11. Confidence Intervals of Simulation Results 12. Simulating Feedback Effects on Wages A. Newton’s Method B. Labour Supply Calibration and Simulation C. The Melbourne Institute Tax and Transfer Simulator D. Welfare Changes E. Labour Supply Derived from the Quadratic Utility F. Inequality and Poverty Measures G. Random Draws from a Multivariate Normal Distribution Bibliography Index

John Creedy, Wellington School of Business and Government, Victoria University of Wellington, New Zealand and Guyonne Kalb, Associate Professor, The Melbourne Institute of Applied Economic and Social Research, University of Melbourne, Australia

• Contents: Part I: Introduction 1. Introduction Part II: Microsimulation Issues 2. Continuous Hours Labour Supply 3. Discrete Hours Labour Supply 4. Estimation of Discrete Hours Models 5. Simulation with Discrete Hours 6. Reweighting of Sample Surveys Part III: Evaluation of Policy Changes 7. Welfare Changes and Tax Burdens 8. Welfare Measures and Labour Supply 9. Distributional Analyses in Discrete Models 10. Choice of the Unit of Analysis in Distributional Measures 11. Confidence Intervals of Simulation Results 12. Simulating Feedback Effects on Wages A. Newton’s Method B. Labour Supply Calibration and Simulation C. The Melbourne Institute Tax and Transfer Simulator D. Welfare Changes E. Labour Supply Derived from the Quadratic Utility F. Inequality and Poverty Measures G. Random Draws from a Multivariate Normal Distribution Bibliography Index

John Creedy, Wellington School of Business and Government, Victoria University of Wellington, New Zealand and Guyonne Kalb, Associate Professor, The Melbourne Institute of Applied Economic and Social Research, University of Melbourne, Australia

• Contents: Part I: Introduction 1. Introduction Part II: Microsimulation Issues 2. Continuous Hours Labour Supply 3. Discrete Hours Labour Supply 4. Estimation of Discrete Hours Models 5. Simulation with Discrete Hours 6. Reweighting of Sample Surveys Part III: Evaluation of Policy Changes 7. Welfare Changes and Tax Burdens 8. Welfare Measures and Labour Supply 9. Distributional Analyses in Discrete Models 10. Choice of the Unit of Analysis in Distributional Measures 11. Confidence Intervals of Simulation Results 12. Simulating Feedback Effects on Wages A. Newton’s Method B. Labour Supply Calibration and Simulation C. The Melbourne Institute Tax and Transfer Simulator D. Welfare Changes E. Labour Supply Derived from the Quadratic Utility F. Inequality and Poverty Measures G. Random Draws from a Multivariate Normal Distribution Bibliography Index