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A basic income can raise employment and welfare for a majority
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dc.contributor.author | FitzRoy, Felix R | |
dc.contributor.author | Jin, Jim Yongtao | |
dc.date.accessioned | 2015-11-11T14:40:05Z | |
dc.date.available | 2015-11-11T14:40:05Z | |
dc.date.issued | 2015-06 | |
dc.identifier | 227167306 | |
dc.identifier | 52f0d56b-fe92-4838-8f08-fcf1061e5cba | |
dc.identifier.citation | FitzRoy , F R & Jin , J Y 2015 ' A basic income can raise employment and welfare for a majority ' School of Economics & Finance Discussion Paper , no. 1508 , University of St Andrews , St Andrews , pp. 1-29 . | en |
dc.identifier.issn | 0962-4031 | |
dc.identifier.uri | https://hdl.handle.net/10023/7768 | |
dc.description.abstract | With growing interest in a universal basic income (BI), we provide new results for a majority to benefit from replacing (some) unemployment benefits with BI. Given any income distribution and an extensive margin, such a replacement always benefits those remaining unemployed, raises utilitarian welfare, and benefits a poor - or even a working - majority. Similar results follow with involuntary unemployment, and joint distributions of wages and costs of work. Moreover, using quasi-linear utility with intensive margins, marginal introduction of BI can still benefit a large proportion of the poor whose productivities are below the average, without raising unemployment. | |
dc.format.extent | 226178 | |
dc.language.iso | eng | |
dc.publisher | University of St Andrews | |
dc.relation.ispartof | en | |
dc.relation.ispartofseries | School of Economics & Finance Discussion Paper | en |
dc.subject | Basic income | en |
dc.subject | Unemployment benefits | en |
dc.subject | Wefare | en |
dc.subject | HB Economic Theory | en |
dc.subject | HD Industries. Land use. Labor | en |
dc.subject | SDG 8 - Decent Work and Economic Growth | en |
dc.subject | SDG 15 - Life on Land | en |
dc.subject.lcc | HB | en |
dc.subject.lcc | HD | en |
dc.title | A basic income can raise employment and welfare for a majority | en |
dc.type | Working or discussion paper | en |
dc.contributor.institution | University of St Andrews. School of Economics and Finance | en |
dc.identifier.url | https://ideas.repec.org/p/san/wpecon/1508.html | en |
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