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EUROMOD - Tax-benefit microsimulation model for the European Union

Research report on integrating information on wealth into EUROMOD

Abstract

In this research report we describe the infrastructural improvements that we performed for microsimulating wealth-related policies in EUROMOD. These improvements contain the inclusion of wealth-related policies and uprating indices for four years (an income reference year, 2017, 2018, and 2019) in EUROMOD H1.0+ and the implementation of a ‘EUROMOD Wealth Extension’ that contains these wealth-related aspects. We also briefly describe the Eurosystem Household Finance and Consumption Survey and its suitability as an underlying database for microsimulating wealth-related policies in EUROMOD, and the choice of countries for including wave 2 HFCS data in EUROMOD.