What is the effect of a Universal Basic Income on employment?

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorStryjan, Miri
dc.contributor.authorKivimäki, Alex
dc.contributor.departmentTaloustieteen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2021-07-11T16:00:53Z
dc.date.available2021-07-11T16:00:53Z
dc.date.issued2021
dc.description.abstractIn most developed countries, the government has a central role in redistributing income from the rich to the poor through social protection. An alternative way of doing this that has gained increased attention in recent times is a Universal Basic Income (UBI). In this literature review, I analyze the possible employment effects of a UBI policy. I explain a theoretical model of how individuals make the decision to work, and the role of income and substitution effects. The theoretical model suggests that a cash transfer program, such as a UBI could have a negative effect on employment. I present four separate experiments related to unconditional cash transfer programs and find mostly small or negative effects on employment. Additionally, I find that unconditional cash transfer programs could have significant positive effects on mental health and overall wellbeing.en
dc.format.extent27+4
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/108709
dc.identifier.urnURN:NBN:fi:aalto-202107117963
dc.language.isoenen
dc.programmeTaloustiedeen
dc.subject.keyworduniversal basic incomeen
dc.subject.keywordcash transfersen
dc.subject.keywordincome effecten
dc.subject.keywordsubstitution effecten
dc.subject.keywordsocial protectionen
dc.titleWhat is the effect of a Universal Basic Income on employment?en
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi

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