A dynamic model of the firm is worked out, which pays special attention to a delayed adjustment of employment … attention is paid to dynamic inefficiencies like underutilizations of the capital stock and labour hoarding. Market … disequilibrium is introduced by allowing for a sluggish adjustment of wages and prices. The model of the firm is complemented by …

Microsimulation studies typically assume that all entitlements to means-tested benefits are actually claimed by …

rates. Our analysis is based on a microsimulation model that accounts for the interactions between wages, the tax …

rates. Our analysis is based on a microsimulation model that accounts for the interactions between wages, the tax …

claims for student aid at all. To investigate non-take-up, we set up a microsimulation model for the German Socio …

claims for student aid at all. To investigate non-take-up, we set up a microsimulation model for the German Socio …

This paper describes IZAΨMOD, the policy microsimulation model of the Institute for the Study of Labor (IZA). The model … most other microsimulation tools. A demand module takes into account possible restrictions of labor demand and identifies …

We use a behavioural microsimulation model embedded in a numerical optimization procedure in order to identify optimal …

Unemployment Benefit II (Arbeitslosengeld II ). Eligibility to these benefits is simulated by applying a microsimulation model …