'[A study] reviewed the employment and other effects of a recent unconditional cash transfer program benefitting low-income families in Spain. [It is] similar in many respects to universal basic income programs proposed in Congress,' Matt Weidinger writes.
findings, which include that “the program had sizeable and adverse employment effects on average.” The effects are significant: “Roughly two years after the start of the program, main recipients in treatment households are 20 percent less likely to work compared to their counterparts in control households.” Households in the cash transfer program were “14 percent less likely to have at least one member working” compared to the control group.
In sum, our results suggest that the adverse labor supply effects of unconditional transfers should not be underestimated. While the negative effects reported in previous studies are usually neglectable or moderate, our findings suggest sizeable effects.Another important finding concerns the persistence of effects. Employment rates in the treatment group remain lower even six months after the last transfer, indicating that households’ labor supply decisions may be hard to reverse.
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