Keep On Working: Unconditional Basic Income in the Lab

Haigner Stefan (), Höchtl Wolfgang (), Friedrich Schneider (), Florian Wakolbinger and Jenewein Stefan ()
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Haigner Stefan: University of Innsbruck,Department of Economics, Universitätsstraße 15/3, 6020 Innsbruck, Austria
Höchtl Wolfgang: Austrian National Bank, Banking Inspection Division, Otto-Wagner Platz 3, 1090 Vienna, Austria
Jenewein Stefan: University of Innsbruck, Department of Economics, Universitätsstraße 15/3, 6020 Innsbruck, Austria

Basic Income Studies, 2012, vol. 7, issue 1, 14

Abstract: Our real-effort laboratory experiment compares an unconditional basic income (UBI) scheme with conventional systems with and without redistribution, respectively. Participants chose between three options: working for themselves, working for the group, or enjoying leisure. Neither the choice of options nor that of work efforts is sensitive to the transfer scheme even though UBI constitutes a natural reference point for participants’ earnings in our experiment. However, UBI significantly reduced income dispersion at only a small cost in terms of forgone production and budget deficit.

Keywords: basic income; labor supply; real-effort experiment (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (6)

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DOI: 10.1515/1932-0183.1230

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