Arbeitspapier
Universal Basic Income: Inspecting the Mechanisms
We consider the aggregate and distributional impact of Universal Basic Income (UBI). We develop a model to study a wide range of UBI programs and financing schemes and to highlight the key mechanisms behind their impact. The most crucial channel is the rise in distortionary taxation (required to fund UBI) on labor force participation. Second in importance is the decline in self-insurance due to the insurance UBI provides, resulting in lower aggregate capital. Third, UBI creates a positive income effect lowering labor force participation. Alternative tax-transfer schemes mitigate the impact on labor force participation and the cost of UBI.
- Language
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 15058
- Classification
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Wirtschaft
Labor Economics Policies
- Subject
-
universal basic income
labor force participation
inequality
- Event
-
Geistige Schöpfung
- (who)
-
Jaimovich, Nir
Saporta-Eksten, Itay
Setty, Ofer
Yedid-Levi, Yaniv
- Event
-
Veröffentlichung
- (who)
-
Institute of Labor Economics (IZA)
- (where)
-
Bonn
- (when)
-
2022
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Jaimovich, Nir
- Saporta-Eksten, Itay
- Setty, Ofer
- Yedid-Levi, Yaniv
- Institute of Labor Economics (IZA)
Time of origin
- 2022
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