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Published A Major Analysis.pdf

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📊 Size: 553 KB
📄 Pages: 34 pages
⬇️ Downloads: 134

Summary

The article reviews research from five income-maintenance experiments in Canada and the United States, focusing on the work-incentive issue and the effects of a guaranteed annual income (GAI) on labor supply. The experiments, which cost millions of dollars and lasted many years, tested the negative income tax method of delivering transfers and explored the economic and social consequences of a GAI. The results show that a GAI can be costly, depending on the support level and tax rate chosen, and that it may induce able-bodied individuals to work less. The article discusses the design and methodology of the experiments, as well as the challenges of comparing their results, and provides estimates of nonstructural and structural models for the Canadian experiment.

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Description

The article reviews research from five income-maintenance experiments in Canada and the United States, focusing on the work-incentive issue and the effects of...

Technical Information

  • File Format: PDF
  • File Size: 553 KB
  • Pages: 34
  • Language: EN
  • Total Downloads: 134
  • Last Updated: 2 days ago

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