Switching personal income tax and social security contributions between Slovenia and the Federation of Bosnia and Herzegovina

This article examines policy switching between Slovenia and the Federation of Bosnia and Herzegovina (FBH). The idea behind it is that national microsimulation models can be used to apply Slovenian parameters to the FBH data, as established by the Personal Income Tax (PIT) Act and Social Security Co...

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Bibliographic Details
Published in:Economic research - Ekonomska istraživanja 2016-01, Vol.29 (1), p.682-695
Main Authors: Kramer, Dželila, Čok, Mitja, Cirman, Andreja, Verbič, Miroslav
Format: Article
Language:English
Subjects:
Economic models
Economic theory
Federations
Income distribution
Income inequality
income tax
Income taxes
microsimulation
Parameters
Personal income
policy switching
Public finance
Redistributive effects
Social security
tax progressivity
Taxation
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Summary:This article examines policy switching between Slovenia and the Federation of Bosnia and Herzegovina (FBH). The idea behind it is that national microsimulation models can be used to apply Slovenian parameters to the FBH data, as established by the Personal Income Tax (PIT) Act and Social Security Contributions (SSC) Act. Accordingly, we introduce FBH parameters to Slovenian data. Along these lines, we investigate the effects on public finance systems with respect to revenues from PIT and SSC, average after-tax income, tax progressivity, income inequality, and the redistributive effect in each of these two countries, using the other country's PIT and SSC solutions. This is the first fiscal comparison of Slovenia and the FBH, as well as the first policy switching analysis of the two countries.
ISSN:1331-677X
1848-9664
DOI:10.1080/1331677X.2016.1193948