Abstract
Purpose
This paper aims to estimate the economic impact of a basic income for each state in the USA.
Design/methodology/approach
Building on existing pilot studies of basic income in the USA, this paper presumes a $500 per month basic income for individuals earning less than $25,000 in annual income. Using impact analysis for planning (IMPLAN) input–output modeling software, estimated increase in gross state product and employment are provided on a state-by-state basis.
Findings
A $6,000 annual basic income ($500 per month) to adult persons earning less than $25,000 annually results in an increase in gross state product (e.g. gross “regional” product in IMPLAN terminology) ranging from 0.7% (District of Columbia) to 5.7% (Florida). Likewise, this increase in household spending will create demand for employment across these states, resulting in an increase in employment from 0.9% (District of Columbia) to 5.8% (Florida).
Originality/value
To date, to the best of the author’s knowledge, this is the first state-by-state analysis of the economic impact of a basic income provision to lower-income individuals.
Subject
Economics and Econometrics,Finance
Reference34 articles.
1. Bidadanure, J., Kline, S., Moore, C., Rainwater, B. and Thomas, C. (2018), “Basic income in cities: a guide to city experiments and pilot projects”, available at: www.nlc.org/wp-content/uploads/2020/10/BasicIncomeInCities_Report_For-Release-.pdf
2. Introduction: the history of input–output analysis, Leontief's path and alternative tracks;Economic Systems Research,2006
3. The economic impact of coal and coal-fired power generation in West Virginia,2021
4. Economic contributions of a college of pharmacy to the surrounding communities and state;American Journal of Pharmaceutical Education,2020
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献