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Universal Basic Income
Nir Jaimovich
Itay Saporta-Eksten
Ofer Setty
Yaniv Yedid-Levi
其他書名
Inspecting the Mechanisms
出版
Foerder Institute for Economic Research, Tel Aviv University, The Eitan Berglas School of Economics
, 2022
URL
http://books.google.com.hk/books?id=j3f1zgEACAAJ&hl=&source=gbs_api
註釋
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.