Does universal basic income have a positive or negative impact on overall economic productivity?
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Universal basic income (UBI) has mixed effects on overall economic productivity. Some studies suggest that implementing UBI can lead to a decrease in labor supply and a contraction in the labor market . This is due to the potential disincentive for recipients to work when they receive unconditional cash transfers . The rise in distortionary taxation required to fund UBI can also negatively impact labor force participation . However, other studies argue that UBI can have positive effects on productivity if there is a social contract in place or if there is a substantial stimulus to productivity . The positive impact may come from reduced precarity, increased training, and improved well-being, which can lead to higher productivity levels . Overall, the impact of UBI on economic productivity depends on various factors, including the specific design of the program and the broader economic context.
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| The paper does not directly address the impact of universal basic income on overall economic productivity. | |
| The paper does not explicitly mention whether universal basic income has a positive or negative impact on overall economic productivity. | |
4 Citations | The paper states that universal basic income (UBI) may adversely impact the level of economic activity unless there is a social contract in place and/or there is a substantial stimulus to productivity. Therefore, UBI can have a negative impact on overall economic productivity. |
| The paper does not explicitly state whether universal basic income has a positive or negative impact on overall economic productivity. |
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