THE EMPLOYMENT EFFECTS OF A GUARANTEED INCOME: EXPERIMENTAL EVIDENCE FROM TWO U.S. STATES
Descripción general
Resumen del artículo
This study examines the effects of a three-year unconditional cash transfer of $1,000 per month on low-income individuals in two US states. The transfers led to a moderate decrease in work hours and earnings, with recipients primarily using the extra time for leisure. While there were no significant improvements in job quality or human capital investments overall, some suggestive evidence indicates younger participants may pursue more formal education and that individuals exhibit more interest in entrepreneurship as a result of the transfers.
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Giving low-income people $1,000 per month led them to work less and have slightly higher debt, but they also spent more time on leisure and showed greater interest in starting businesses.
Posibles conflictos de intereses
The authors acknowledge funding from the National Science Foundation (NSF) and private donors.
Limitaciones identificadas
Explicación de la calificación
This is a well-designed study with a large sample size and rigorous methodology (RCT) addressing an important policy question. The combination of survey, administrative, and mobile phone data allows for a comprehensive analysis of the impacts of unconditional cash transfers. Although there is no long-term follow up, and limited generalizability to higher-income populations, the study makes a significant contribution to the literature.
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