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来源类型Working Paper
规范类型报告
DOI10.3386/w24312
来源IDWorking Paper 24312
The Labor Market Impacts of Universal and Permanent Cash Transfers: Evidence from the Alaska Permanent Fund
Damon Jones; Ioana Marinescu
发表日期2018-02-12
出版年2018
语种英语
摘要How would universal and permanent cash transfers affect the labor market? Since 1982, all Alaskan residents have received a yearly cash dividend from the Alaska Permanent Fund. Using data from the Current Population Survey and a synthetic control method, we show that the dividend had no effect on employment, and increased part-time work by 1.8 percentage points (17%). We calibrate expected micro and macro effects of the cash transfer using prior literature, and find our results to be consistent with cash stimulating the local economy — a general equilibrium effect. We further show that non-tradable sectors have a more positive employment response than tradable sectors. Overall, our results suggest that a universal and permanent cash transfer does not significantly decrease aggregate employment.
主题Public Economics ; Taxation ; Health, Education, and Welfare ; Poverty and Wellbeing ; Labor Economics ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w24312
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/581983
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Damon Jones,Ioana Marinescu. The Labor Market Impacts of Universal and Permanent Cash Transfers: Evidence from the Alaska Permanent Fund. 2018.
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