000			01392nab a2200217 c 4500
999			_c149011 _d149011
003			ES-MaIEF
005			20240226121116.0
007			ta
008			240226t2024 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100			_971462 _aDaruich, Diego
245		0	_aUniversal basic income _ba dynamic assessment _c Diego Daruich, Raquel Fernández
520			_aUniversal basic income (UBI) is an increasingly popular policy proposal, but there is no evidence regarding its longer-term consequences. We find that UBI generates large welfare losses in a general equilibrium model with imperfect capital markets, labor market shocks, and intergenerational linkages via skill formation and transfers. This conclusion is robust to various alternative ways of financing UBI. By using observationally equivalent models that eliminate different sources of endogenous dynamic linkages (equilibrium capital market and parental investment in child skills), we show that the latter are largely responsible for the negative welfare consequences.
650		4	_959338 _aRENTA BÁSICA
650		4	_944260 _aFINANCIACION
650		4	_933421 _aBIENESTAR SOCIAL
650		4	_947776 _aMODELOS ECONOMETRICOS
700			_915595 _aFernández, Raquel
773	0		_9171291 _oOP 234/2024/1 _tThe American Economic Review _w(IEF)103372 _x 0002-8282 _g v. 114, n. 1, January 2024, p. 38-88
942			_cART