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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Abstract
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 |
| Language: | English |
| 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 |
| Item ID: | 23518 |
| Depositing User: | Marga (H.M.M.) Peeters |
| Date Deposited: | 28 Jun 2010 00:47 |
| Last Modified: | 27 Sep 2019 05:15 |
| References: | Akerlof, G.A. Van der Veen, R.J. and Van Parijs, P. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/23518 |
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