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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Universal basic income: inspecting the mechanisms |
| Organization Unit | |
| Authors |
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| Institution | University of Zurich |
| Series Name | URPP Equality of Opportunity Discussion Paper Series |
| Number | 3 |
| Number of Pages | 25 |
| Date | 2022 |
| Abstract Text | 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. |
| Official URL | https://www.urpp-equality.uzh.ch/dam/jcr:59442fe5-b6c4-4201-9152-c80a627d5c06/JaimovichSaportaSettyYedid_UBI.pdf |
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| Other Identification Number | merlin-id:22599 |
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| Keywords | Universal Basic Income, labor force participation, inequality |