Exploring EUROMOD: research, policy and teaching

Abstract

This article provides an overview of EUROMOD, a tax-benefit microsimulation model for the European Union and explores its main uses for research and policy analysis and its great potential as a tool for teaching in the field of public economics. The article discusses the multiple functionalities of EUROMOD, including its ability to compute the effects of tax-benefit systems on household incomes and its use for the assessment of distributional, redistributive, and poverty impacts of tax-benefit policies. The article highlights how EUROMOD can be used for teaching public economics, including the use of training data, the Hypothetical Household Tool, and the EUROMOD Online simulator. The article concludes by emphasizing the potential of EUROMOD as an educational tool to enhance students' understanding of tax-benefit systems and their fiscal and distributional impact.