Microsimulation modelling has become a powerful tool to analyze the effects of fiscal policy changes. The World Bank’s Equity Policy Lab (EPL) has developed a customizable microsimulation tool to assess the distributional effects of tax, benefits, and other fiscal reforms. This Note explains...

Vulnerability to poverty refers to the likelihood that a household or an individual may fall below the poverty line in the event of a shock. Understanding vulnerability helps design policies to protect households and promote resilience. The World Bank's Equity Policy Lab (EPL) and the Global...