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Atlas Nods: The Libertarian Case for a Basic Income 阿特拉斯点头:基本收入的自由主义案例
Pub Date : 2017-10-21 DOI: 10.2139/ssrn.3056576
M. Fleischer, Daniel Hemel
Proposals for a universal basic income are generating interest across the globe, with pilot experiments underway or in the works in California, Canada, Finland, Italy, Kenya, and Uganda. Surprisingly, many of the most outspoken supporters of a universal basic income have been self-described libertarians — even though libertarians are generally considered to be antagonistic toward redistribution and a universal basic income is, at its core, a program of income redistribution. What explains such strong libertarian support for a policy that seems so contrary to libertarian ideals? This Article seeks to answer that question. We first show that a basic safety net is not only consistent with, but likely required by, several strands of libertarian thought. We then explain why libertarians committed to limited redistribution and limited government might support a system of unconditional cash transfers paid periodically. Delivering benefits in cash, rather than in-kind, furthers autonomy by recognizing that all citizens — even poor ones — are the best judges of their needs. Decoupling such transfers from a work requirement acknowledges that the state lacks the ability to distinguish between work-capable and work-incapable individuals. Providing payments periodically, rather than through a once-in-a-lifetime lump sum grant, ensures that all individuals can receive a minimum level of support over lifespans of variable lengths, while also allowing individuals to adjust payment flows through financial market transactions. Although our main objective is to assess the fit between libertarian theory and a universal basic income, we also address various design choices inherent in any basic income scheme: who should receive it?; how large should it be?; which programs might it replace?; and should it phase out as market income rises? Lastly, we consider the relationship between a basic income and the political economy of redistribution. We find that the case for a basic income as a libertarian “second-best” is surprisingly shaky: libertarians who oppose all redistribution but grudgingly accept a basic income as the least-worst form of redistribution should reconsider both aspects of their position. We conclude by drawing out lessons from our analysis for non-libertarians, regardless of whether they are supportive or skeptical of basic income arguments.
全民基本收入的提议在全球引起了人们的兴趣,加州、加拿大、芬兰、意大利、肯尼亚和乌干达正在进行或正在进行试点试验。令人惊讶的是,许多最直言不讳的全民基本收入支持者都自称是自由主义者——尽管自由主义者通常被认为是反对再分配的,而全民基本收入的核心是一个收入再分配计划。如何解释自由意志主义者对一项看似与自由意志主义理想背道而驰的政策如此强烈的支持?本文试图回答这个问题。我们首先表明,一个基本的安全网不仅与若干自由意志主义思想相一致,而且可能是它们所必需的。然后,我们解释了为什么承诺有限再分配和有限政府的自由主义者可能会支持定期支付无条件现金转移的制度。以现金而非实物发放福利,通过认识到所有公民——甚至是穷人——都是自己需求的最佳判断者,从而进一步提高了自主权。将这种转移与工作需求脱钩,承认国家缺乏区分有工作能力和无工作能力的个人的能力。定期提供补贴,而不是通过一生一次的一次性补助,确保所有个人都能在不同的寿命期间获得最低水平的支持,同时还允许个人通过金融市场交易调整补贴流量。虽然我们的主要目标是评估自由主义理论与普遍基本收入之间的契合度,但我们也讨论了任何基本收入计划中固有的各种设计选择:谁应该得到它?它应该有多大?它会取代哪些程序?随着市场收入的增加,它是否应该逐步退出市场?最后,我们考虑了基本收入与再分配的政治经济学之间的关系。我们发现,将基本收入作为自由意志主义者的“次优”的观点令人惊讶地站不住脚:反对所有再分配但勉强接受基本收入作为最不坏的再分配形式的自由意志主义者应该重新考虑他们立场的两个方面。最后,我们从非自由意志主义者的分析中得出了一些教训,不管他们是支持还是怀疑基本收入的论点。
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引用次数: 15
European America: The Effect of Underreported Transfer Benefits and Cost-of-Living on Cross-National Poverty Analysis 欧洲美洲:少报的转移收益和生活成本对跨国贫困分析的影响
Pub Date : 2017-10-01 DOI: 10.2139/ssrn.2932938
M. George
This study investigates the extent to which correcting for the underreporting of transfer benefits in the American Current Population Survey (CPS) complicates typical analyses comparing the effect of anti-poverty policy in the United States and Europe. Previous research suggests that up to one-half of social program spending by the American Federal government is not accounted for in CPS data harmonized for cross-national analysis by the Luxembourg Income Study and Organisation for Economic Development and Cooperation. Using a microsimulation model to align survey responses with administrative data at the federal and state level decreases the overall and child relative poverty rates by 16% and 21% respectively. This doubles the number of Americans living in states with ‘European’ poverty rates to 25%, from 42 to 79 million, and demonstrates that more Americans live in states with ‘social democratic’ levels of poverty than the populations of Denmark, Finland, Norway, the Netherlands, and Sweden combined. Adjusting the national American poverty line for cost-of-living further suggests that 38% of Americans live in states with poverty rates typical of European countries. If a relative poverty line calculated across the European Union is used instead to reflect variation in standard of living across the EU, correcting for underreporting increases the share of Americans living in states with poverty rates below the EU member state average from 66% of the population to 94%.. Ultimately, given the varying adoption of administrative income data across countries, growing rates of underreporting in the CPS with variation across American states, and the increasing devolution of American social policy, comparative analyses of poverty and policy that do not consider underreporting or subnational variation risk biased conclusions.
本研究调查了在美国当前人口调查(CPS)中对转移收益漏报的纠正在多大程度上使比较美国和欧洲反贫困政策效果的典型分析复杂化。此前的研究表明,美国联邦政府多达一半的社会项目支出没有计入由卢森堡收入研究组织和经济发展与合作组织进行的跨国分析的CPS数据。使用微观模拟模型将调查结果与联邦和州一级的行政数据结合起来,总体贫困率和儿童相对贫困率分别降低了16%和21%。这使生活在“欧洲”贫困率州的美国人数量翻了一番,从4200万增加到7900万,达到25%,并表明生活在“社会民主”贫困率州的美国人比丹麦、芬兰、挪威、荷兰和瑞典的人口加起来还要多。根据生活成本进一步调整美国全国贫困线表明,38%的美国人生活在贫困率与典型的欧洲国家相当的州。如果在整个欧盟范围内计算的相对贫困线被用来反映整个欧盟生活水平的差异,那么对低报的修正将使生活在贫困率低于欧盟成员国平均水平的国家的美国人的比例从66%增加到94%。最后,考虑到各国对行政收入数据采用的不同、美国各州CPS低报率的增长以及美国社会政策权力下放的增加,不考虑低报或次国家差异的贫困和政策比较分析可能会导致结论存在偏差。
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引用次数: 0
On the Limitations of Some Current Usages of the Gini Index 论当前基尼指数的一些用法的局限性
Pub Date : 2017-09-01 DOI: 10.1111/roiw.12256
L. Osberg
This note constructs a simple two class example in which the Gini index is held constant while the size of the rich and poor populations change, in order to illustrate how very different societies can have the same Gini index and produce very similar estimates of standard inequality averse Social Welfare Functions. The rich/poor income ratio can vary by a factor of over 12, and the income share of the top one per cent can vary by a factor of over 16, with exactly the same Gini index. Focussing solely on the Gini index can thus obscure perceptions—e.g. of important market income trends or large changes in the redistributive impact of the tax and transfer system. Hence, analysts should supplement the use of an aggregate summary index of inequality with direct examination of the segments of the income distribution which they think are of greatest importance.
本文构建了一个简单的两类例子,其中基尼指数保持不变,而富人和穷人的人口规模发生变化,以说明不同的社会如何具有相同的基尼指数,并产生非常相似的标准不平等厌恶社会福利函数的估计。在基尼系数完全相同的情况下,贫富收入比的变化幅度可能超过12倍,而收入最高的1%人群的收入份额的变化幅度可能超过16倍。因此,仅仅关注基尼指数可能会模糊一些认知。对重要的市场收入趋势或税收和转移支付制度的再分配影响的重大变化。因此,分析人士应该在使用总不平等综合指数的同时,直接考察他们认为最重要的收入分配部分。
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引用次数: 35
Earnings Dynamics: The Role of Education throughout a Worker's Career 收入动态:教育在工人职业生涯中的作用
Pub Date : 2017-09-01 DOI: 10.2139/ssrn.2979362
Breno Braga
This paper describes two stylized facts about the earnings dynamics throughout a worker’s career. First, this paper shows that more educated workers have higher earnings growth with work experience than less educated workers. Second, it demonstrates that more educated workers suffer greater earnings losses following job displacement. I propose a model that integrates human capital accumulation and learning mechanisms that can explain these empirical findings. In the model, employers use both education and past job displacement as a signal of a worker’s unobservable ability. As a result, educated workers receive more on-the-job training in the beginning of their careers. In addition, educated workers suffer greater wage losses after being laid off when potential employers learn that an educated worker is low ability.
本文描述了两个程式化的事实关于收入动态在整个工人的职业生涯。首先,本文表明受教育程度较高的工人比受教育程度较低的工人有更高的工作经验收入增长。其次,它表明,受教育程度较高的工人在失业后遭受的收入损失更大。我提出了一个整合人力资本积累和学习机制的模型,可以解释这些实证结果。在该模型中,雇主将教育程度和过去的工作经历作为员工不可观察能力的信号。因此,受过教育的工人在职业生涯的初期接受了更多的在职培训。此外,当潜在雇主得知受过良好教育的工人能力低下时,受过良好教育的工人在被解雇后会遭受更大的工资损失。
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引用次数: 0
Decomposing Global Inequality 分解全球不平等
Pub Date : 2017-08-25 DOI: 10.1111/roiw.12230
J. Modalsli
This paper provides an intuitive additive decomposition of the global income Gini coefficient with respect to differences within and between countries. In 2005, nearly half the total global income inequality is due to income differences between Europeans and North Americans on the one side and inhabitants of Asia on the other, with the China-USA income differences alone accounting for six percent of global inequality. Historically, income differences between Asia and Europe have driven a large part of global inequality, but the quantitative importance of within-Asia income inequality has increased substantially since 1950.
本文提供了关于国家内部和国家之间差异的全球收入基尼系数的直观加性分解。2005年,全球近一半的收入不平等是由欧洲和北美与亚洲居民的收入差异造成的,仅中美两国的收入差异就占全球收入不平等的6%。从历史上看,亚洲和欧洲之间的收入差异在很大程度上推动了全球不平等,但自1950年以来,亚洲内部收入不平等的数量重要性大幅增加。
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引用次数: 7
Incomes and the Poverty Rate: Stagnation and Cautious Optimism 收入与贫困率:停滞与谨慎乐观
Pub Date : 2017-08-23 DOI: 10.2139/ssrn.3025023
E. Grishina
In June 2017, households’ real disposable cash income did not change as compared to June 2016. For the first time since January 2016 (if January 2017 is not taken into account), there was no decrease in real income. In Q1 2017, the poverty rate fell relative to Q1 2015 and Q1 2016. In H1 2017, the volume of consumer lending to individuals increased as compared to H1 2016, with lending growth being much higher in regions with a high poverty rate. As compared to 2016, people started to assess more positively the dynamics of their financial standing and the share of those who saved on food, clothes and footwear decreased.
2017年6月,家庭实际可支配现金收入与2016年6月相比没有变化。自2016年1月(如果不考虑2017年1月)以来,实际收入首次没有下降。与2015年和2016年第一季度相比,2017年第一季度的贫困率有所下降。2017年上半年,与2016年上半年相比,个人消费贷款数量有所增加,在贫困率高的地区,贷款增长要高得多。与2016年相比,人们开始更积极地评估自己的财务状况,在食品、衣服和鞋类上省钱的人所占比例下降。
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引用次数: 0
Cyclicality of Hours Worked by Married Women and Spousal Insurance 已婚妇女工作时数的周期性与配偶保险
Pub Date : 2017-08-21 DOI: 10.2139/ssrn.3023554
Kathrin Ellieroth
I document that married women's hours worked are significantly less cyclical than hours worked by married men and singles and argue that spousal insurance contributes to the low cyclicality. Analyzing volatility, transition rates, and household behavior, I show that (i) married women experience the lowest cyclical volatility; (ii) their volatility depends more on pastthan current fluctuations of business cycle indicators; (iii) married women are less likely to become unemployed or leave the labor force during recessions, but not more likely to join the laborforce; and (iv) unemployment of the husband is associated with more hours worked by the wife, particularly during recessions.
我证明已婚女性的工作时间周期明显低于已婚男性和单身人士的工作时间周期,并认为配偶保险有助于低周期性。通过分析波动性、过渡率和家庭行为,我发现(I)已婚女性经历的周期性波动最低;㈡其波动性更多地取决于过去而非当前商业周期指标的波动;(iii)已婚妇女在经济衰退期间失业或离开劳动力大军的可能性较小,但加入劳动力大军的可能性并不大;(4)丈夫的失业与妻子的工作时间增加有关,尤其是在经济衰退期间。
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引用次数: 2
Unemployment Insurance as a Housing Market Stabilizer 失业保险作为住房市场的稳定器
Pub Date : 2017-08-01 DOI: 10.2139/ssrn.2185198
Joanne W. Hsu, David A. Matsa, Brian T. Melzer
This paper studies the impact of unemployment insurance (UI) on the housing market. Exploiting heterogeneity in UI generosity across US states and over time, we find that UI helps the unemployed avoid mortgage default. We estimate that UI expansions during the Great Recession prevented more than 1.3 million foreclosures and insulated home values from labor market shocks. The results suggest that policies that make mortgages more affordable can reduce foreclosures even when borrowers are severely underwater. An optimal UI policy during housing downturns would weigh, among other benefits and costs, the deadweight losses avoided from preventing mortgage defaults.
本文研究了失业保险对住房市场的影响。利用美国各州和不同时期失业保险慷慨程度的异质性,我们发现失业保险帮助失业者避免抵押贷款违约。我们估计,大衰退期间的失业保险扩张阻止了130多万人丧失抵押品赎回权,并使房屋价值免受劳动力市场冲击的影响。研究结果表明,即使在借款人严重资不抵债的情况下,使抵押贷款更容易负担的政策也能减少止赎。在房地产市场低迷时期,最优的失业保险政策将权衡防止抵押贷款违约所避免的无谓损失,以及其他收益和成本。
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引用次数: 139
Credit and the Labor Share: Evidence from U.S. States 信贷和劳动份额:来自美国各州的证据
Pub Date : 2017-08-01 DOI: 10.2139/ssrn.3025116
Aslı Leblebicioğlu, Ariel Weinberger
We analyze the role of credit markets in explaining the changes in the U.S. labor share by evaluating the effects of state-level banking deregulation, which resulted in improved access to cheaper credit. Utilizing a difference-in-differences strategy, we provide causal evidence showing labor share declined following the interstate banking deregulation. We show that the lower cost of credit, increase in the availability of credit, and greater bank competition in each state are mechanisms that led to the decline in the labor share. We use this evidence to obtain the elasticity of labor share with respect to borrowing costs, which itself is informative about the aggregate elasticity of substitution between capital and labor. Finally, we focus on manufacturing and services to show that the impact of banking deregulation is particularly important in capital intensive and external finance dependent industries.
我们通过评估州级银行放松管制的影响来分析信贷市场在解释美国劳动收入占比变化中的作用,放松管制导致获得更廉价信贷的机会增加。利用差异中的差异策略,我们提供了因果证据,表明劳动份额在州际银行放松管制后下降。我们表明,在每个州,较低的信贷成本、信贷可获得性的增加和更大的银行竞争是导致劳动收入占比下降的机制。我们使用这一证据来获得劳动份额相对于借贷成本的弹性,这本身就是关于资本和劳动之间替代的总弹性的信息。最后,我们将重点放在制造业和服务业上,以表明银行业放松管制对资本密集型和外部金融依赖行业的影响尤为重要。
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引用次数: 9
The Effects of Minimum Wages on the Labor Market and Income Distribution in Kenya: A CGE Analysis 最低工资对肯尼亚劳动力市场和收入分配的影响:一个CGE分析
Pub Date : 2017-07-01 DOI: 10.2139/ssrn.3159371
T. Mwangi, F. Simiyu, Lulit Mitik Beyene, Albert Onderi
In Kenya, there has been increased debate on the impact of minimum wage increases and pay disparities between sectors. Long-term differences in earnings across sectors and different regions (urban and rural) are reflected through higher poverty rates in rural areas, especially among wage earners. This study evaluates the effects of minimum wages on labor and its impact on growth. The study uses the single country static model, the PEP-1-1 model and the Social Accounting Matrix for Kenya for the year 2009. The key research questions are to assess the effects of minimum wages on rural or urban area labor markets, labor migration, and income distribution. To achieve this, the study simulates three scenarios: increases in minimum wages for formal workers in urban and rural areas at the same rate of 5%, different rates (10% rural and 5% urban), and a cut in the minimum wages in both regions. The findings indicate that increases in wage fuel the migration of labor from rural to urban areas, and stifles the expansion of the economy. A rise in minimum wages has an overall negative effect on incomes of rural households while benefiting urban households, which contributes to increased inequality. A fall in real minimum wages on the other hand, is supportive of output and employment growth.
在肯尼亚,关于提高最低工资的影响和部门之间的工资差距的辩论越来越多。不同部门和不同地区(城市和农村)收入的长期差异反映在农村地区,特别是工薪阶层较高的贫困率上。本研究评估了最低工资对劳动力的影响及其对经济增长的影响。该研究对2009年肯尼亚使用了单一国家静态模型、PEP-1-1模型和社会会计矩阵。研究的关键问题是评估最低工资对城乡劳动力市场、劳动力迁移和收入分配的影响。为了实现这一目标,该研究模拟了三种情景:城市和农村地区正规工人的最低工资以相同的5%的速度增长,不同的速度(农村10%,城市5%),以及两个地区的最低工资都下调。研究结果表明,工资上涨推动了劳动力从农村向城市地区的流动,抑制了经济的扩张。最低工资的提高总体上对农村家庭的收入产生负面影响,而对城市家庭有利,从而加剧了不平等。另一方面,实际最低工资的下降有利于产出和就业增长。
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引用次数: 3
期刊
ERN: Other Macroeconomics: Employment
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