In Mincome the reduction in work effort was more modest: 1% for men and 3% for wives. Three major objectives of these interventions were to measure the labour supply response of NIT recipients, understand the effect of varying the base guarantee level and tax rate, and to make a better estimate of the cost of implementing such a program. This is a payment to all persons regardless of income. [33][34], The second model that falls under the guaranteed annual income concept is the unconditional basic income also known as the universal demogrant (UD) model. [24], In contrast, from the […]
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