<p><p><p><p>The FORTAX project is centered around the development of the FORTAX library, a micro-simulation tax library programmed in Fortran. It represents an on-going research project that aims to provide researchers the ability to calculate detailed representations of the UK tax and transfer systems over time, incorporating the complicated rules and interactions. The library is highly efficient and flexible, and is ideally suited to applications where accurate budget sets or components of income need to be calculated repeatedly. The estimation and simulation of labour supply models are therefore natural candidates for the use of FORTAX.</p></p></p></p>
Authors
Andrew Shephard
Andrew is a Research Associate at the IFS and an Associate Professor of Economics at the University of Pennsylvania.
Jonathan Shaw
Jonathan is a Research Fellow at the IFS and a Technical Specialist in the Economics Department at the Financial Conduct Authority.
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