The Basic Income Guarantee: A General Equilibrium Evaluation

Abstract

The potential economic effects of implementing a Basic Income Guarantee (BIG) in the United States are examined using a small-scale computable general equilibrium model in which labor and saving are the fundamental household decision variables. The social choice variables consist of BIG (termed herein "guaranteed minimum consumption") and public good expenditure. Assuming the model's benchmark values for the social choice variables are a reasonable approximation to the current situation, solution for the optimal social choice variables suggests that a much larger BIG would be preferable from a social welfare standpoint. This basic result is relatively insensitive to alterations in the model's parameters. However, there would be such a substantial reduction in aggregate output and saving from moving to the optimal position that the political feasibility of any such policy shift is doubtful, regardless of any indications from economic analysis.

Questioning the feasibility and justice of basic income accounting for migration

“…The analysis is based on a static neoclassical labor supply model considering individual decision making of a representative agent under perfect certainty. Individual decision making is illustrated utilizing a Cobb-Douglas utility function, and savings are not discussed for reasons of simplicity (Gilroy et al, 2013: 51; Yunker, 2013: 206–207). The basic income amount is exogenous, as is the tax rate.…”

“… 5. Other authors opted to shed light on basic income feasibility issues with the help of case study micro-simulations and general equilibrium analyses (Gan, 2019; Honkanen, 2014; Magnani and Piccoli, 2020; Mideros and O’Donoghue, 2015; Špeciánová, 2018b; Yunker, 2013). …”

Análise Da Crise Político-Economica Da Venezuela E Seus Impactos No Setor De Agronegócios Paraenses Entre 2012-2017

“…A palavra "trabalho" provém do latim tripalium, que significa castigo. Tripálio (do latim tardio "tri" (três) e "palus" (pau) -literalmente, "três paus") é um instrumento (Birnbaum, 2012;FitzRoy & Jin, 2018;Huws, 2017;Pereira, 2017aPereira, , 2017bWiderquist, 2001;Yunker, 2013).…”

O Mercado De Peixe Nas Principais Feiras Livres De Belém, No Estado Do Pará

“…Num mundo em mudança, onde a realidade laboral está a mudar devido à automatização, há quem acredite que o RBI faz todo o sentido. Com a atribuição deste apoio, o Estado poderia assegurar condições de vida aos seus cidadãos, evitando o crescimento de populismos políticos, permitindo que todos partilhem o sucesso de uma "nova economia" (Birnbaum, 2012;FitzRoy & Jin, 2018;Huws, 2017;Pereira, 2017aPereira, , 2017bWiderquist, 2001;Yunker, 2013).…”