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Modeling the Macroeconomic Effects of a Universal Basic Income

2017

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A tax-funded, $1k/month UBI is modeled to raise prices by 0.56% over baseline after eight years. A tax-funded, $1k/month UBI is modeled to increase nominal wages by 0.51% over baseline after 8 years. A debt funded, $12,000/year UBI is modeled to raise prices by 3.77% over 8 years. A tax-funded, $500/month UBI is modeled to raise GDP by 1.65% over the baseline after eight years. A federal debt-funded UBI expands GDP in the Levy model. A tax funded, $1k/month UBI is modeled to increase the employment rate by 0.31% over baseline after 8 years.
Gennaro Zezza Marshall Steinbaum Michalis Nikiforos
Basic Income
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