EconPapers    
Economics at your fingertips  
 

Guaranteed non-labor income and labor supply: the effect of the Alaska Permanent Fund Dividend

Robert Feinberg ()

No 2018-01, Working Papers from American University, Department of Economics

Abstract: One peculiar source of non-labor income that has not been studied for its effect on labor supply is the Alaska Permanent Fund 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 non-labor income elasticity of labor supply using exogenous variation from the Alaskan PFD and data from the American Community Survey. 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 -0.11, while married women have somewhat larger elasticities between -0.18 and -0.11.

Keywords: Alaska Permanent Fund; labor supply; non-labor income; basic income (search for similar items in EconPapers)
JEL-codes: J22 J38 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://drive.google.com/open?id=1X1DzLHkHX-r5RDybCHGlUoIVTA0QdDh1 First version, 2018
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
Journal Article: Guaranteed Nonlabor 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:amu:wpaper:2018-01

Access Statistics for this paper

More papers in Working Papers from American University, Department of Economics
Bibliographic data for series maintained by Thomas Meal ().

 
Page updated 2021-06-11
Handle: RePEc:amu:wpaper:2018-01