An Experimental Study of Basic Income Guarantee
نویسنده
چکیده
In this paper we show economic analysis of Basic Income Guarantee (BIG), which guarantees a constant income for each individual regardless of ages, gender, or any geographic characteristics. We address moral hazard and adverse selection problems that may arise in BIG scheme. As for moral hazard problem, we compare Negative Income Tax (NIT) with BIG. in the laboratory experiment. In a setting where NIT and BIG are identical, we found that BIG reduces more labor incentive than NIT does. As for adverse selection problem, we analyze a simple evolutionary game model in order to check whether introduction of BIG does increase the exercises of freedom and self-maintenance of the people who are in weaker position in the household, such as women, children, person of advanced age and people with disability. We show that with a certain condition, women are willing to get married in order to get higher income for the household even if such decision keep them in their weaker position.
منابع مشابه
Behavioral Economics and The Basic Income Guarantee
This article provides a critical discussion of the potential contributions behavioral economics makes to the idea of a Basic Income Guarantee (BIG). Behavioral economics suggests that the consequences of a basic income may be significantly different from the ones predicted by the Standard Economic Model. Three topics from this literature are analyzed and linked to the BIG idea: Prospect Theory,...
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