The article represents an evaluation of effects of different personal income tax reform scenarios in Slovenia, including the flat tax proposal, using a static micro-simulation model linked to a computable general equilibrium model. Based on extensive data, the microsimulation model proved to be a reliable tool during the implementation of the 2007 personal income tax reform. In the paper, the main characteristics of both models are presented along with the results of different reform scenarios.
COBISS.SI-ID: 17758182
In the article we model R&D as a major endogenous growth element in a small open economy general equilibrium framework and consider several R&D policy scenarios for Slovenia. Increase of the share of sector investment in R&D that is deductible from the corporate income tax and increase of government spending on R&D turned out to be the most effective suggested policy measures. The households that would gain more utility from such policy scenarios are those with more skilled and highly skilled labour, but not the very top earners in the economy.
COBISS.SI-ID: 1608334
The article presents an analysis of several proposed tax reform scenarios in Slovenia, including the flat tax proposal, with a dynamic general equilibrium model of the Slovenian economy, linked to a microsimulation model. We focus on the macroeconomic and welfare aspects of the proposed scenarios, thus capturing the effects on individual taxpayers and the government budget. Our results suggest that choices other than the flat tax system are better suited to the country’s long-term economic development.
COBISS.SI-ID: 1531790
This article presents a theoretical contribution to the field of overlapping-generations general equilibrium modelling, i.e. an upgrade of this branch of models with a pension system. Within the pension block we model both the first pension pillar, financed on a pay-as-you-go basis, and the fully-funded second pillar of the Slovenian pension system. The modelling of the second pillar centres on implementation of the liquidity constraint. Use was made of supplementary pension profiles, and the ratio between premia paid and pensions paid out from supplementary pension insurance.
COBISS.SI-ID: 17951462