What a Universal Basic Income Could Mean for the Labor Market

The video discusses Alaska's Permanent Fund, established from oil revenue, and its annual distribution to residents. The study examines the fund's impact on employment, finding minimal effects on overall employment but an increase in part-time work. The discussion extends to the implications of a universal basic income (UBI), comparing Alaska's model to potential larger-scale implementations. Methodology involves comparing Alaska to similar states pre- and post-fund introduction. The video concludes with insights into ongoing UBI experiments and the potential economic benefits of unconditional cash transfers.

What is the main source of revenue for Alaska's Permanent Fund?

How much can residents of Alaska receive from the Permanent Fund each year?

What was the effect of the Permanent Fund dividend on employment in Alaska?

What methodology was used to compare Alaska's employment rates with other states?

What are some potential benefits of a universal basic income according to the research?

What are the implications of cash transfers on people's likelihood to work?

What future studies are being conducted to further explore universal basic income?