This paper is published as Chapter 7 of Handbook of Microsimulation Modelling edited by Cathal O''Donoghue, and issued … detailed discussion in relation to the development of the field of labour supply focused microsimulation models and … for policy simulation in terms of producing and interpreting simulation outcomes, outlining an extensive literature of …

captured by measures of personal income varies substantially across tax regimes. Using linked individual and firm data from … adjustment leads to an increase in top income shares, and the size of this effect varies dramatically depending on the tax regime … in place. After a tax reform in 2005 that created strong incentives to retain earnings in the business, the increase is …

less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …