An efficiency argument for the Basic Income Guarantee

An Experimental Study of Basic Income Guarantee

In this paper we show economic analysis of Basic Income Guarantee (BIG), which guarantees a constant income for each individual regardless of ages, gender, or any geographic characteristics. We address moral hazard and adverse selection problems that may arise in BIG scheme. As for moral hazard problem, we compare Negative Income Tax (NIT) with BIG. in the laboratory experiment. In a setting wh...

Behavioral Economics and The Basic Income Guarantee

This article provides a critical discussion of the potential contributions behavioral economics makes to the idea of a Basic Income Guarantee (BIG). Behavioral economics suggests that the consequences of a basic income may be significantly different from the ones predicted by the Standard Economic Model. Three topics from this literature are analyzed and linked to the BIG idea: Prospect Theory,...

Sex Work, Technological Unemployment and the Basic Income Guarantee

Is sex work (specifically, prostitution) vulnerable to technological unemployment? Several authors have argued that it is. They claim that the advent of sophisticated sexual robots will lead to the displacement of human prostitutes, just as, say, the advent of sophisticated manufacturing robots have displaced many traditional forms of factory labour. But are they right? In this article, I criti...

An argument for basic emotions

Emotions are viewed as having evolved through their adaptive value in dealing with fundamental life-tasks. Each emotion has unique features: signal, physiology, and antecedent events. Each emotion also has characteristics in common with other emotions: rapid onset, short duration, unbidden occurrence, automatic appraisal, and coherence among responses. These shared and unique characteristics ar...

A comparison of the macroeconomic consequences of basic income and job guarantee schemes