A Quantitative Evaluation of Universal Basic Income

主讲人 Qian Li 主讲人简介 <p>Dr. Qian Li graduated from the State University of New York at Stony Brook. She is currently an assistant professor at Institute for Advanced Studies of Shanghai University of Finance and Economics. Her research expertise lies in macroeconomics, public finance and computational economics; research topics cover taxation theory, health economics, human capital accumulation, fertility models, real estate and RBC. The basic methodology is within the framework of high dimensional heterogeneous agents computational general equilibrium (CGE) model. Her work has been published in journals including Journal of Economic Dynamics, Economic Letters, B.E. Journal of Macroeconomics and etc.</p>
主持人 Keqing Liu 简介 <p>We provide a quantitative evaluation of the impact of Universal Basic Income (UBI) on macroeconomic aggregates, inequality and welfare, exploring different levels of UBI generosity, paired with different strategies to finance it. We find that different levels of UBI can generate welfare improvements in the long-run, and that more generous UBI requires financing through consumption taxes. While welfare improvements are possible for individuals entering the steady state, the analysis of the transitional dynamics suggest generalized welfare losses for existing individuals, casting doubt on the desirability of such reforms. These losses are increasing in the level of generosity of UBI.<br /> We provide a quantitative evaluation of the impact of Universal Basic Income (UBI) on macroeconomic aggregates, inequality and welfare, exploring different levels of UBI generosity, paired with different strategies to finance it. We find that different levels of UBI can generate welfare improvements in the long-run, and that more generous UBI requires financing through consumption taxes. While welfare improvements are possible for individuals entering the steady state, the analysis of the transitional dynamics suggest generalized welfare losses for existing individuals, casting doubt on the desirability of such reforms. These losses are increasing in the level of generosity of UBI.</p>
时间 2021-04-08(Thursday)16:40-18:00 地点 Room N302, Economics Building
主办单位 WISE & SOE, Xiamen University 承办单位 WISE & SOE, Xiamen University
类型 系列讲座 专题网站
联系人信息 讲座语言 English
期数 宏观经济学系列讲座2021春季学期第一讲(总1讲)
系列讲座

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