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A basic income can raise employment and welfare for a majority

Research output: Working paperDiscussion paper

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A basic income can raise employment and welfare for a majority. / FitzRoy, Felix R; Jin, Jim Yongtao.

St Andrews : University of St Andrews, 2015. p. 1-29 (School of Economics & Finance Discussion Paper; No. 1508).

Research output: Working paperDiscussion paper

Harvard

FitzRoy, FR & Jin, JY 2015 'A basic income can raise employment and welfare for a majority' School of Economics & Finance Discussion Paper, no. 1508, University of St Andrews, St Andrews, pp. 1-29.

APA

FitzRoy, F. R., & Jin, J. Y. (2015). A basic income can raise employment and welfare for a majority. (pp. 1-29). (School of Economics & Finance Discussion Paper; No. 1508). St Andrews: University of St Andrews.

Vancouver

FitzRoy FR, Jin JY. A basic income can raise employment and welfare for a majority. St Andrews: University of St Andrews. 2015 Jun, p. 1-29. (School of Economics & Finance Discussion Paper; 1508).

Author

FitzRoy, Felix R ; Jin, Jim Yongtao. / A basic income can raise employment and welfare for a majority. St Andrews : University of St Andrews, 2015. pp. 1-29 (School of Economics & Finance Discussion Paper; 1508).

Bibtex - Download

@techreport{52f0d56bfe9248388f08fcf1061e5cba,
title = "A basic income can raise employment and welfare for a majority",
abstract = "With growing interest in a universal basic income (BI), we provide new results for a majority to benefit from replacing (some) unemployment benefits with BI. Given any income distribution and an extensive margin, such a replacement always benefits those remaining unemployed, raises utilitarian welfare, and benefits a poor - or even a working - majority. Similar results follow with involuntary unemployment, and joint distributions of wages and costs of work. Moreover, using quasi-linear utility with intensive margins, marginal introduction of BI can still benefit a large proportion of the poor whose productivities are below the average, without raising unemployment.",
keywords = "Basic income, Unemployment benefits, Wefare",
author = "FitzRoy, {Felix R} and Jin, {Jim Yongtao}",
year = "2015",
month = "6",
language = "English",
series = "School of Economics & Finance Discussion Paper",
publisher = "University of St Andrews",
number = "1508",
pages = "1--29",
type = "WorkingPaper",
institution = "University of St Andrews",

}

RIS (suitable for import to EndNote) - Download

TY - UNPB

T1 - A basic income can raise employment and welfare for a majority

AU - FitzRoy, Felix R

AU - Jin, Jim Yongtao

PY - 2015/6

Y1 - 2015/6

N2 - With growing interest in a universal basic income (BI), we provide new results for a majority to benefit from replacing (some) unemployment benefits with BI. Given any income distribution and an extensive margin, such a replacement always benefits those remaining unemployed, raises utilitarian welfare, and benefits a poor - or even a working - majority. Similar results follow with involuntary unemployment, and joint distributions of wages and costs of work. Moreover, using quasi-linear utility with intensive margins, marginal introduction of BI can still benefit a large proportion of the poor whose productivities are below the average, without raising unemployment.

AB - With growing interest in a universal basic income (BI), we provide new results for a majority to benefit from replacing (some) unemployment benefits with BI. Given any income distribution and an extensive margin, such a replacement always benefits those remaining unemployed, raises utilitarian welfare, and benefits a poor - or even a working - majority. Similar results follow with involuntary unemployment, and joint distributions of wages and costs of work. Moreover, using quasi-linear utility with intensive margins, marginal introduction of BI can still benefit a large proportion of the poor whose productivities are below the average, without raising unemployment.

KW - Basic income

KW - Unemployment benefits

KW - Wefare

UR - https://ideas.repec.org/p/san/wpecon/1508.html

M3 - Discussion paper

T3 - School of Economics & Finance Discussion Paper

SP - 1

EP - 29

BT - A basic income can raise employment and welfare for a majority

PB - University of St Andrews

CY - St Andrews

ER -

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    FitzRoy, F. R. & Jin, J. Y., Oct 2017, In : Journal of Economics. 122, 2, p. 121-136 16 p.

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  2. Lower tax for minimum wage earners

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    FitzRoy, F. & Jin, J., Feb 2017, St Andrews: University of St Andrews, 25 p. (School of Economics and Finance Discussion Paper; no. 1702).

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  4. Increasing marginal tax or flat tax

    FitzRoy, F. R. & Jin, J. Y., 2011, (Unpublished).

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ID: 227167306