A quantitative evaluation of universal basic income q

• 成果类型: Article
• 署名作者: Conesa, Juan Carlos; Li, Bo; Li, Qian
• 署名单位: State University of New York (SUNY) System; Stony Brook University; Peking University; University of Southampton
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2023.104881
• 发表日期: 2023
• 关键词: Incomplete market; heterogeneous agents; learning by doing; Consumption floor; Consumption tax; Universal basic income; transitional dynamics

摘要

We provide a quantitative evaluation of the impact of Universal Basic Income (UBI) as an alternative to the existing system of means-tested transfers. We explore varying levels of UBI generosity, paired with different strategies to finance it. All the reforms we consider result in welfare losses for a huge majority of initial households. Moreover, these losses are increasing in UBI generosity. A reform financed with con-sumption taxes implies lower efficiency losses than reforms financed with income taxes, but fewer indi-viduals benefit from it. (c) 2023 Elsevier B.V. All rights reserved.