1 option
Universal Basic Income : A Dynamic Assessment / Diego Daruich and Raquel Fernández.
- Format:
- Book
- Author/Creator:
- Daruich, Diego, author.
- Fernandez, Raquel, 1959- author.
- Series:
- Working Paper Series (National Bureau of Economic Research) ; no. w27351.
- NBER working paper series ; no. w27351
- Language:
- English
- Subjects (All):
- Human capital.
- Labor supply.
- Physical Description:
- 1 online resource (54 pages) : illustrations (black and white).
- Place of Publication:
- Cambridge, Massachusetts : National Bureau of Economic Research, 2020.
- Summary:
- Universal basic income (UBI) is an increasingly popular policy proposal but there is no evidence regarding its longer-term consequences. We study UBI in a general equilibrium model with imperfect capital markets, labor market shocks, and intergenerational linkages via skill formation and transfers. We find that UBI increases-welfare for older agents but has large-welfare losses for younger agents and future generations. A sizable share of the negative effects stem from the endogenous intergenerational linkages. Modeling automation as an increased probability of an "out-of-work" shock, the model provides insights on the changing welfare consequence of UBI in a riskier environment.
- Notes:
- Description based on publisher supplied metadata and other sources.
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