Labor Supply Elasticity in the Unconditional Basic Income System: Data Sources and Methodological Issues

Jitka Specianova

Abstract


This study deals with five sources of data that may help to answer the question of how labor supply would respond to the introduction of unconditional basic income. Research of lottery winners’ labor supply and the results of field experiments, in which the behavior of households who have received a regular unconditional income for a limited time period was observed and is then investigated and discussed. Results of the laboratory experiment, the estimates of microsimulation models, and the results of the opinion polls are also examined. The surveyed data sources show mainly a slight decline in labor supply. However, none of these data were collected in situations that would fully correspond with the expected conditions of decision-making that would occur with the basic income. Any results derived from them therefore need to be considered with caution.

Full Text:

PDF


DOI: http://dx.doi.org/10.19044/esj.2018.v14n4p13

DOI (PDF): http://dx.doi.org/10.19044/esj.2018.v14n4p13


European Scientific Journal (ESJ)

 

ISSN: 1857 - 7881 (Print)
ISSN: 1857 - 7431 (Online)

 

Contact: contact@eujournal.org

To make sure that you can receive messages from us, please add the 'eujournal.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.




Publisher: European Scientific Institute, ESI.
ESI cooperates with Universities and Academic Centres on 5 continents.