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UBI: Universal Basic Income w/ Ben Phillips, ANU - EP126

Economics Explored

00:00

Is There a UBI?

If you're currently receiving a payment from the government, then your effective marginal tax rate is expected to fall. So for welfare recipients, a UBI could actually result in additional hours worked, depending on their circumstances. That makes leisure more attractive and so you might work less you'll take more leisure. This gets really complicated as Ben tried to explain in the in our conversation and as as they go into in their papers.

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