Data-Driven Tax and Transfer Policy Analysis Using STINMOD+Tue 12 November 2019Dr Jinjing LiUniversity of Canberra
Cost: $1,200.00 + GST
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COURSE AIMS AND OBJECTIVES
This short course programme aims to provide theoretical and practical knowledge for policy and economic analysts to assess tax and transfer policies in Australia using microsimulation techniques. The course is delivered by members of the National Centre for Social and Economic Modelling (NATSEM) and has no prior programming skill requirement. It will introduce the concept of microsimulation, where a virtual society of millions of individuals can be created and the life courses of the individuals and their interactions with policies can be simulated through a computer program. The course will explore the key concepts, components, and the typical use of a microsimulation model. The technique plays a significant role in ex-ante policy evaluation and is frequently used by Commonwealth Government in estimating the impact of key economic policies.
The course will primarily focus on the tax and transfer policy analysis and uses NATSEM’s STINMOD+ model as a practical tool for policy assessment. The course provides a rigorous introduction to STINMOD+ and builds capability in how it can be used to enhance social and economic policy analysis. STINMOD+ is one of the few comprehensive and working tax/transfer microsimulation models in Australia and has been used by a range of academics and NGOs in Australia. The model allows changes to the Australian tax and transfer systems, such as tax rate and structure, child care, pensions and allowances.
With the newly released STINMOD+ online, analysts can now quickly evaluate the impact of a policy proposal through a user-friendly interface without having to learn complex programming. The short course covers both the economic theories behind the STINMOD+ and hands-on exercises, using recent policy changes including childcare subsidy change, changes to the income tax offset as examples.
Participants will also receive complimentary 3-month access to the full STINMOD+ online model. For more information about STINMOD+, please visit https://stinmod.canberra.edu.au/
The goal of the course is to equip the participants with the necessary economic knowledge and practical skills in assessing some of the economic impacts of a tax and transfer policy using practical microsimulation techniques. Participants will also be aware of the resources and approach best placed to follow up.
Dr Jinjing Li is an Associate Professor at the National Social and Economic Modelling Centre (NATSEM) at the University of Canberra. His research interest is policy modelling and evaluation using microsimulation techniques, with a focus on simulating the shifts in income distribution and the behavioural response due to changes in the economic environment and public policies.
Dr Li is the original author of the STINMOD+ model. He developed a range of economic simulation models for different organisations and collaborated with many government agencies, think tanks and international organisations from Australia, China, Korea, Belgium, Luxembourg, International Labor Organisation and others. He currently leads multiple Australian policy simulation projects, which allow government agencies to assess the socio-economic impact of policy reforms.
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Email IGPA.CourseAdvice | at | canberra.edu.au or call Justin Wilson on 02 6201 2977