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Basic Income Studies

Ed. by Haagh, Anne-Louise / Howard, Michael


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Modelling the Time Allocation Effects of Basic Income

Ana Helena Palermo Kuss
  • Corresponding author
  • Department of Economic Policy and Constitutional Economic Theory, Albert-Ludwigs-Universität Freiburg. Wirtschafts- und Verhaltenswissenschaftliche Fakultät, Freiburg, Germany
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/ K. J. Bernhard Neumärker
  • Department of Economic Policy and Constitutional Economic Theory, Albert-Ludwigs-Universität Freiburg. Wirtschafts- und Verhaltenswissenschaftliche Fakultät, Freiburg, Germany
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Published Online: 2018-11-24 | DOI: https://doi.org/10.1515/bis-2018-0006

Abstract

Most of the economic models on basic income account just for pecuniary forms of work, i. e. “time spent making money”, in employment. This restriction is a drawback of these analyses and of the standard economic labor supply model itself. If one wants to understand the potential effects of basic income on individual and social welfare, one should not restrict observation to the pecuniary uses of time. The objective of this contribution is to rethink the meaning of work usually applied in economic models, based on contributions of other social scientists. This reassessment is undertaken through the development of a microeconomic model, which discusses the effects of basic income on time use and interprets work not just as a source of income, but also of non-pecuniary benefits. Further, we disentangle the usual work-leisure dichotomy in two other ones (paid and unpaid time/unpaid work and leisure).

Keywords: basic income; labor supply model; work-leisure; time allocation; unpaid work

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About the article

Published Online: 2018-11-24


This work was supported by the Funder Name: Konrad-Adenauer-Stiftung, Funder Id: 10.13039/501100004079, Grant Number: PhD scholarship for Ana Helena Palermo Kuss.


Citation Information: Basic Income Studies, Volume 13, Issue 2, 20180006, ISSN (Online) 1932-0183, DOI: https://doi.org/10.1515/bis-2018-0006.

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