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A Feasible Basic Income Scheme for Germany: Effects on Labor Supply, Poverty, and Income Inequality

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This book analyzes the consequences that would arise if Germany’s means-tested unemployment benefits were replaced with an unconditional basic income. The basic income scheme introduced is based on a negative income tax and calibrated to be both financially feasible and compatible with current constitutional legislation. Using data from the German Socio-Economic Panel (GSOEP) the author examines the impact of the reform on the household labor supply as well as on both poverty and inequality measures. It is shown that by applying reasonable values for both the basic income and the implied marginal tax rate imposed on earned incomes, efficiency gains can be reconciled with generally accepted value statements. Furthermore, as the proposal includes a universal basic income for families, child poverty could be reduced considerably. The estimates are based on the discrete choice approach to labor supply.

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Detail Information

Series Title

Contributions to Economics

Call Number

338.5 SOM f

Publisher

: Springer., 2016

Collation

-

Language

English

ISBN/ISSN

978-3-319-24064-0

Classification

338.5

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

Ed. 1

Subject(s)

Microeconomics
Social Policy

Specific Detail Info

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Statement of Responsibility

Maximilian Sommer

Other Information

Cataloger

umi

Source

https://link.springer.com/content/pdf/10.1007/978-3-319-24064-0.pdf?pdf=button

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