Universal basic income: A dynamic assessment
By: Daruich, Diego and Fernández, Raquel
.
Material type: 
BookPublisher: The American Economic Review Description: 114(1), Jan, 2024: p.38-88.
In:
The American Economic ReviewSummary: 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
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
|
Indian Institute of Public Administration | 114(1), Jan, 2024: p.38-88 | Available | AR131329 |
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
There are no comments for this item.