The Mini-Integrated Macroeconomic Model for Poverty Analysis : A Framework for Analyzing the Unemployment and Poverty Effects of Fiscal and Labor Market Reforms
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World Bank, Washington, DC
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The author describes a specialized and
less data-intensive version of the Integrated Macroeconomic
Model for Poverty Analysis (IMMPA) developed by Agenor,
Izquierdo, and Fofack (2003) and Agenor, Fernandes, Haddad,
and van der Mensbrugghe (2002). The mini-IMMPA focuses only
on the "real" side but it offers a more detailed
treatment of the labor market (by accounting, for instance,
for public education, employment subsidies, and job security
provisions) and the tax structure. Simulations of a cut in
payroll taxes on unskilled labor show the importance of
accounting for the fiscal implications of labor market
reforms when assessing their effects on unemployment and poverty.
Palabras clave
ACCOUNTING, ADVERSE EFFECTS, AGGREGATE DEMAND, AGGREGATE EMPLOYMENT, AGRICULTURAL PRODUCTION, AGRICULTURE, AUTONOMOUS CONSUMPTION, AVERAGE INCOME, BALANCE OF PAYMENTS, BARRIERS TO ENTRY, BASKET OF GOODS, BUSINESS CYCLE, CAPACITY BUILDING, CAPITAL GOODS, CONSTANT ELASTICITY, DEMAND CURVE, DEMAND FUNCTIONS, DEMAND SIDE, DEVELOPING COUNTRIES, DISCOUNT RATE, DISTRIBUTIONAL EFFECTS, ELASTICITY, ELASTICITY OF SUBSTITUTION, EQUILIBRIUM, EQUILIBRIUM MODELS, EQUILIBRIUM VALUE, EXCHANGE RATE, EXOGENOUS RATE, EXPORTS, EXTERNALITY, GDP, GROWTH RATE, HOUSEHOLD INCOME, HUMAN CAPITAL, IMPORTS, INCOME, INCOME TAXATION, INCOME TAXES, INDEXATION, INFORMAL SECTOR, INSURANCE, INTERMEDIATE INPUTS, JOB SECURITY, LABOR DEMAND, LABOR DEMAND CURVE, LABOR FORCE, LABOR MARKET, LABOR SUPPLY, LEISURE, M3, MARGINAL PRODUCT, MARKET DISTORTIONS, MIGRATION, NET EFFECT, NET OUTPUT, NET VALUE, OPPORTUNITY COST, PAYROLL TAXES, POLICY CHANGE, POLICY ISSUES, POLICY RESEARCH, POLICY VARIABLES, POPULATION GROWTH, POSITIVE EFFECT, POSITIVE EXTERNALITY, POSITIVE IMPACT, POVERTY ANALYSIS, POVERTY REDUCTION, POVERTY REDUCTION STRATEGIES, POWER PLANTS, PRIVATE CONSUMPTION, PRIVATE PRODUCTION, PRIVATE SECTOR, PRODUCERS, PRODUCTION FUNCTION, PRODUCTION INPUTS, PRODUCTIVITY, PROFIT MAXIMIZATION, PUBLIC CAPITAL, PUBLIC GOOD, PUBLIC SECTOR, PUBLIC SERVICES, PUBLIC SPENDING, PURCHASING POWER, REAL INCOME, REAL WAGE, RELATIVE PRICES, RETURNS TO SCALE, RISK AVERSE, SAVINGS, SKILLED LABOR, SKILLED UNEMPLOYMENT, SKILLED WAGE, SKILLED WAGES, SKILLED WORKER, SKILLED WORKERS, TAX RATES, TAXATION, UNEMPLOYMENT, UNEMPLOYMENT RATE, URBAN AREAS, URBAN ECONOMY, UTILITY FUNCTION, VALUE ADDED, VALUE OF OUTPUT, VARIABLE COSTS, WAGE DIFFERENTIALS, WAGES MACROECONOMIC MODELS, POVERTY ANALYSIS, UNEMPLOYMENT RATES, POVERTY MEASUREMENT, FISCAL REFORMS, LABOR MARKETS, UNSKILLED WORKERS, SUPPLY & DEMAND, CONSUMPTION PATTERNS, SAVINGS, EMPLOYMENT GENERATION, MINIMUM WAGES, PAYROLL TAXES, WAGES, MACROECONOMIC MODELS