Groot, L.f.m. and Peeters, H.m.m. (1997): A model of conditional and unconditional social security in an efficiency wage economy: the economic sustainability of a basic income. Published in: Journal of Post-Keynesian Economics , Vol. 4, No. 19 (1997): pp. 573-597.
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This article identifies the circumstances under which the introduction of a basic income in an efficiency-wage economy leads to the desirable effects of lower unemployment, nondecreasing real incomes and profits, and an increase of secondary- versus primary-sector wages. The model analyses show that a moderate basic income can be compatible with lower unemployment, higher GDP,higher real incomes for workers, lower income inequality between workers, but a lower real income for the (voluntary) unemployed.
|Item Type:||MPRA Paper|
|Original Title:||A model of conditional and unconditional social security in an efficiency wage economy: the economic sustainability of a basic income|
|Keywords:||basic income; unemployment; efficiency wage|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity|
|Depositing User:||Marga (H.M.M.) Peeters|
|Date Deposited:||28. Jun 2010 00:47|
|Last Modified:||31. Dec 2015 14:43|
Van der Veen, R.J. and Van Parijs, P.