Since 2021 Euromod is maintained, developed and managed by the Joint Research Centre of the European Commission, in collaboration with Eurostat and national teams from the EU countries.
[2] It belongs to the class of static microsimulation models and has modules for all 27 EU member states (and the UK until 2021).
Euromod allows researchers and analysts to simulate, evaluate and compare the impact of tax-benefit policies in terms of households' disposable, as well as computing poverty, inequality and budgetary indicators.
The model also offers extended functionalities that allow the user, among other features, to compute marginal tax rates and net replacement rates (as indicators of work incentives), apply tax compliance adjustments, construct hypothetical families or change labour market conditions.
It is based on three key components: software, model (coded policy rules) and the input microdata.