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Effects of the Introduction of Family Bonus and Supplementary Child Benefit, the New Tax Relief for Families in Austria. A Microsimulation Study

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  • Marian Fink
  • Silvia Rocha-Akis

Abstract

This paper analyses the effects of the introduction of the tax relief for families family bonus (Familienbonus) and supplementary child benefit (Kindermehrbetrag) on household income in Austria, using the WIFO-Micromod microsimulation model that is based on the EU-SILC data. The average yearly (person-weighted) equivalised household income increases by 320 €, which corresponds to a relative increase of 1.4 percent. For the families concerned, the reform leads to an increase in the corresponding income by 733 € or 3.1 percent and to a reduction in the average yearly income tax burden by 1,556 €. The effects are most pronounced in the medium range of the household income distribution. The total personal income tax revenue decreases by 1.5 billion € per year.

Suggested Citation

  • Marian Fink & Silvia Rocha-Akis, 2018. "Effects of the Introduction of Family Bonus and Supplementary Child Benefit, the New Tax Relief for Families in Austria. A Microsimulation Study," WIFO Bulletin, WIFO, vol. 23(14), pages 131-144, October.
    • Handle: RePEc:wfo:wblltn:y:2018:i:14:p:131-144
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    References listed on IDEAS

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    1. Marian Fink & Silvia Rocha-Akis, 2018. "Wirkung einer Einführung von Familienbonus und Kindermehrbetrag auf die Haushaltseinkommen. Eine Mikrosimulationsstudie," WIFO Monatsberichte (monthly reports), WIFO, vol. 91(5), pages 359-374, May.
    2. Margit Schratzenstaller, 2018. "Long-term Trends of Level and Structure of Family Benefits in Austria," WIFO Bulletin, WIFO, vol. 23(8), pages 62-74, July.
    3. Stefan Ederer & Josef Baumgartner & Marian Fink & Serguei Kaniovski & Christine Mayrhuber & Silvia Rocha-Akis, 2017. "Effekte der Einführung eines flächendeckenden Mindestlohnes in Österreich," WIFO Studies, WIFO, number 60570, February.
    4. Silvia Rocha-Akis, 2017. "Ein Vergleich der monetären Einkommensverteilung und -umverteilung 2010 und 2015. WIFO-Beitrag zum Sozialbericht 2015-2016," WIFO Studies, WIFO, number 59255, February.
    5. Marcus Scheiblecker, 2018. "Abflauende internationale Konjunktur nach kräftigem Wachstum 2018. Prognose für 2018 und 2019," WIFO Monatsberichte (monthly reports), WIFO, vol. 91(10), pages 679-692, October.
    6. Josef Baumgartner & Marian Fink & Serguei Kaniovski & Silvia Rocha-Akis, 2018. "Gesamtwirtschaftliche Auswirkungen der Einführung des Familienbonus Plus und des Kindermehrbetrages," WIFO Monatsberichte (monthly reports), WIFO, vol. 91(10), pages 745-755, October.
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    Cited by:

    1. Michael Christl & Silvia De Poli & Janos Varga, 2022. "Reducing the income tax burden for households with children: an assessment of the child tax credit reform in Austria," Fiscal Studies, John Wiley & Sons, vol. 43(2), pages 151-177, June.
    2. Marian Fink & Jitka Janová & Danuše Nerudová & Jan Pavel & Margit Schratzenstaller & Friedrich Sindermann-Sienkiewicz & Martin Spielauer, 2019. "Policy Recommendations on the Gender Effects of Changes in Tax Bases, Rates, and Units. Results of Microsimulation Analyses for Six Selected EU Member Countries," WIFO Working Papers 578, WIFO.
    3. Marian Fink & Silvia Rocha-Akis, 2020. "Senkung des Eingangssteuersatzes in der Lohn- und Einkommensteuer. Wirkung auf Steuerbelastung, Steueraufkommen und verfügbare Einkommen der privaten Haushalte," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(5), pages 393-402, May.
    4. Josef Baumgartner & Serguei Kaniovski & Michael Klien & Stefan Schiman, 2019. "Economic Growth Remains Low, but Stable. Medium-term Forecast of the Austrian Economy Until 2024," WIFO Bulletin, WIFO, vol. 24(12), pages 99-117, December.
    5. Peter Huber & Thomas Horvath & Klaus Nowotny & Margit Schratzenstaller & Silvia Rocha-Akis & Hedwig Lutz & Christine Mayrhuber, 2021. "Analysen zur rezenten Entwicklungen der Familie in Österreich. Beiträge des WIFO zum 6. Österreichischen Familienbericht 2009-2019," WIFO Studies, WIFO, number 67115, February.

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