Wharton PPI B-School for Public Policy Seminar Summaries

Seminar By

Ioana Marinescu

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Seminar Date

Fall 9-14-2018

Publication Date

Fall 9-25-2019

Summary

Concern over massive structural unemployment, due to technological automation and globalization, is on the rise. Universal Basic Income (UBI) has attracted attention from both sides of the aisle as one potential solution to a scenario where a large number of people are not able to earn a livable wage. In order to understand the economic implications of UBI, economists have studied previous and current examples of UBI-type programs, analyzing their impact on consumption, labor force participation, education, health, and other key metrics.

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This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by-nc/4.0/ or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.

Disciplines

Behavioral Economics | Econometrics | Economics | Income Distribution | Labor Economics

Keywords

universal basic income, UBI, casino dividend, Milton Friedman, Negative Income Tax, Alaska Permanent Fund, livable wage, economic disparity, labor, wealth distribution

Summary: Universal Basic Income

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