Computation of the Compensating Variation Within a Random Utility Model Using GAUSS Software英文文献资料.docVIP

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Computation of the Compensating Variation Within a Random Utility Model Using GAUSS Software英文文献资料.doc

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Computation of the Compensating Variation Within a Random Utility Model Using GAUSS Software英文文献资料

Modern Economy, 2011, 2, 383-389 doi:10.4236/me.2011.23041 Published Online July 2011 (http://www.SciRP.org/journal/me) Computation of the Compensating Variation within a Random Utility Model Using GAUSS Software Marilena Locatelli, Steinar Str?m University of Turin and Child Centre, Turin, Italy, Frisch Centre, Oslo, Norway E-mail: marilena.locatelli@unito.it, steinar.strom@econ.uio.no Received February 23, 2011; revised April 10, 2011; accepted April 22, 2011 Abstract To evaluate a tax reform in terms of change in household welfare one possibility is to estimate the compen- sating variation using a suitable model to assess the change in the household utility. When a random utility model is used, the computation of compensating variation is not straightforward, particularly when utility is not linear in household income. It can be carried out using a methodology recently proposed in the literature. In this paper we describe a software instrument, implemented using GAUSS programming language for computing the compensating variation to evaluate the 1991 tax reform introduced in Norway. The program is flexible and adaptable to different tax systems and different reference years. JEL Classification: C63, B21 Keywords: Compensating Variation, Gauss Application, Tax System Evaluation 1. Introduction What we thus do is to calculate the expected value of CV for each household and its distribution in the popula- tion. The purpose of this note is to describe the software in- strument, implemented using Gauss software package [4], to evaluate the above tax reform in terms of change in household welfare within a random utility model. The pro- gram is flexible and adaptable to different tax systems and different reference years. In 1992 the Norwegian tax system was reformed towards lower and less progressive tax rates, with a reduction in the total tax revenue. In the next following years the tax struc- ture was kept nearly un