Universal basic income: A dynamic assessment (Record no. 525531)

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fixed length control field 01187nam a22001457a 4500
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fixed length control field 240320b ||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Daruich, Diego and Fernández, Raquel
245 ## - TITLE STATEMENT
Title Universal basic income: A dynamic assessment
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc The American Economic Review
300 ## - PHYSICAL DESCRIPTION
Extent 114(1), Jan, 2024: p.38-88
520 ## - SUMMARY, ETC.
Summary, etc Universal basic income (UBI) is an increasingly popular policy proposal, but there is no evidence regarding its longer-term consequences. We find that UBI generates large welfare losses in a general equilibrium model with imperfect capital markets, labor market shocks, and intergenerational linkages via skill formation and transfers. This conclusion is robust to various alternative ways of financing UBI. By using observationally equivalent models that eliminate different sources of endogenous dynamic linkages (equilibrium capital market and parental investment in child skills), we show that the latter are largely responsible for the negative welfare consequences.- Reproduced

https://www.aeaweb.org/articles?id=10.1257/aer.20221099
773 ## - HOST ITEM ENTRY
Main entry heading The American Economic Review
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
Subject DIP INCOME DISTRIBUTION
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2024-03-20 114(1), Jan, 2024: p.38-88 AR131329 2024-03-20 Articles

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