PolicyEngine UK
Benefits
PolicyEngine aims to address errors associated with household survey data used for tax-benefit microsimulation modelling. It addresses under-sampling of high incomes, under-reporting of benefits income at lower incomes, and measurement errors in income components like self-employment, capital income, and benefit income. It also incorporates imputed variables from multiple data sources to provide a richer combined dataset.
Details
- Tool name
- PolicyEngine UK
- Organisation
- HM Treasury
- Status
- pilot
- AI method (as recorded)
- Machine Learning, Other
- AI method (normalised tags)
- Machine Learning Other
- Usecase
- Decision Support
- Origin
- gov.uk
- Owning team
- Personal Tax, Welfare and Pensions (PTWP)
- Date added
- 17 December 2024
- Scrape date
- Source note
- Information extracted from the GOV.UK algorithmic transparency record for PolicyEngine UK, published by HM Treasury. [Source]