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March 2019 Newsletter

This is a monthly newsletter of PSL model releases, events, and updates.
Subscribe at http://www.pslmodels.org and follow us on Twitter @PSLModels

Behavioral-Responses

Behavioral-Responses is a partial-equilibrium behavioral module that works with Tax-Calculator

Releases
  • Release 0.6.0
    • Requires taxcalc package for Tax-Calculator 1.0 or higher (PR #46).
    • Adds optional dump argument to response function (PR #39).
    • Adds quantity_response function, providing lower-level behavioral response capability (PR #43).

OG-USA

OG-USA is an overlapping-generations model for evaluating fiscal policy in the United States

General Updates
  • PR #441 adds parameters to the modeling of the social security system to capture a minimum benefit amount, such as in Rep. John Larson's (D-CT) Social Security 2100 Act
  • Jason DeBacker and Anderson Frailey published a Quantitative Note that analyzes the revenue effects and economic impact of a 70% marginal tax rate. Link

ParamTools

ParamTools is a library for parameter processing and validation with a focus on computational modeling projects

Events and Conferences
  • Hank Doupe, the core maintainer of ParamTools, presented an update at the February PSL DC meeting. Recap and video here.
General Updates
  • ParamTools met PSL criteria for transparency and joined the PSL Catalog.

Tax-Calculator

Tax-Calculator is a USA federal individual income and payroll tax microsimulation model

Releases
  • Release 1.0.0
    • Introduces major API changes and number of new features, including updated data, new policy promoters, and revised reform files.
Events and Conferences
  • Martin Holmer, a core maintainer of Tax-Calculator, and Anderson Frailey, a contributor to Tax-Calculator, presented at the February PSL meeting. Recap and video here.
General Updates
  • In an AEI working paper, Cody Kallen and Aparna Mathur investigate the distributional effects of TCJA. Link
  • In a working paper, Ernie Tedeschi examines the economic effects of a new earned basic income tax credit (EBITC). Link
PSL Catalog
  • B-Tax evaluates the effect of US federal taxes on businesses' investment incentives.
  • Behavioral-Responses is a partial-equilibrium behavioral module that works with Tax-Calculator. 
  • OG-USA is an overlapping-generations model for evaluating fiscal policy in the United States.
  • ParamTools is a library for parameter processing and validation with a focus on computational modeling projects.
  • Tax-Calculator is a USA federal individual income and payroll tax microsimulation model.