EconPapers    
Economics at your fingertips  
 

Guaranteed Nonlabor Income and Labor Supply: The Effect of the Alaska Permanent Fund Dividend

Robert Feinberg () and Kuehn Daniel
Additional contact information
Kuehn Daniel: The Urban Institute, Washington, District of Columbia, USA

The B.E. Journal of Economic Analysis & Policy, 2018, vol. 18, issue 3, 13

Abstract: One peculiar source of nonlabor income that has not been extensively studied for its effect on labor supply is the Alaska Permanent Fund (APF) dividend. This is somewhat surprising given the recent policy focus on Guaranteed Basic Income programs. An annual lump-sum payment, the Permanent Fund Dividend (PFD) is available to almost all Alaska residents, is clearly exogenous with respect to work effort, and – while relatively predictable – varies over time and across households (since it increases linearly with family size). This paper estimates the nonlabor income elasticity of labor supply using exogenous variation from the Alaskan PFD and data from the American Community Survey (ACS). The analysis finds that men have elasticities between −0.15 and −0.10, depending on the specification. Single women have elasticities between −0.14 and −0.09, while married women have somewhat larger elasticities between −0.18 and −0.11.

Keywords: Alaska Permanent Fund; labor supply; nonlabor income; basic income (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1515/bejeap-2018-0042 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
Working Paper: Guaranteed non-labor income and labor supply: the effect of the Alaska Permanent Fund Dividend (2018) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:bejeap:v:18:y:2018:i:3:p:13:n:10

Ordering information: This journal article can be ordered from
https://www.degruyter.com/view/j/bejeap

DOI: 10.1515/bejeap-2018-0042

Access Statistics for this article

The B.E. Journal of Economic Analysis & Policy is currently edited by Hendrik Jürges and Sandra Ludwig

More articles in The B.E. Journal of Economic Analysis & Policy from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

 
Page updated 2021-07-28
Handle: RePEc:bpj:bejeap:v:18:y:2018:i:3:p:13:n:10