The employment effects of a means-tested guaranteed income policy
通过巴塞罗那的随机对照试验，研究针对低收入家庭的慷慨经济状况调查型保障收入政策对就业的影响，发现受益者就业率降低22%，但降低转移支付退出率可减轻负面效应并降低政府成本。
Through a randomized controlled trial, we study the labor market effects of a generous means-tested guaranteed income policy targeting low-income families in Barcelona. Two years into the program, beneficiaries are 22 % less likely to work compared to subjects assigned to a control group. A lower phase-out of transfers attenuates negative employment effects and reduces the government cost per euro of benefit by two-thirds. Participation elasticities for a family of four range from 0.39 to 0.49. Treatment effects persisted at least 6 months after the program ended. We find indications that effects are driven by subjects with care duties, suggesting substitution of labor for care tasks.