{"title":"Examining the potential impact of universal basic income on labor supply: Focusing on the South Korean models","authors":"Seungju Lee","doi":"10.1111/ijsw.12715","DOIUrl":null,"url":null,"abstract":"<p>One of the most contentious facets of universal basic income (UBI) debates revolves around its impact on labor supply. Against this backdrop, this study aims to replicate how labor supply responds to changes in net income caused by the implementation of UBI. Using data from the 15th wave of the National Survey of Taxes and Benefits (<i>N</i> = 9342) and a discrete choice simulation model, this study estimated labor supply outcomes under two specific UBI models. The results suggest that UBI exerts minimal negative effects on labor supply among full-time and part-time workers and appears to encourage labor force entry among unemployed individuals. These findings offer empirical evidence on UBI's effects, suggesting it may support labor participation without substantial disincentives for employment.</p>","PeriodicalId":47567,"journal":{"name":"International Journal of Social Welfare","volume":"34 1","pages":""},"PeriodicalIF":1.2000,"publicationDate":"2024-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ijsw.12715","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Social Welfare","FirstCategoryId":"90","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/ijsw.12715","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"SOCIAL WORK","Score":null,"Total":0}
引用次数: 0
Abstract
One of the most contentious facets of universal basic income (UBI) debates revolves around its impact on labor supply. Against this backdrop, this study aims to replicate how labor supply responds to changes in net income caused by the implementation of UBI. Using data from the 15th wave of the National Survey of Taxes and Benefits (N = 9342) and a discrete choice simulation model, this study estimated labor supply outcomes under two specific UBI models. The results suggest that UBI exerts minimal negative effects on labor supply among full-time and part-time workers and appears to encourage labor force entry among unemployed individuals. These findings offer empirical evidence on UBI's effects, suggesting it may support labor participation without substantial disincentives for employment.
期刊介绍：
The International Journal of Social Welfare publishes original articles in English on social welfare and social work. Its interdisciplinary approach and comparative perspective promote examination of the most pressing social welfare issues of the day by researchers from the various branches of the applied social sciences. The journal seeks to disseminate knowledge and to encourage debate about these issues and their regional and global implications.
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