Unemployment effects of the Chilean basic-income scheme in a labor search and matching framework with precautionary savings

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dc.contributor.advisorJaniak, Alexandre
dc.contributor.advisorKohn, David
dc.contributor.authorRojas Hepburn, Jonathan Evan
dc.contributor.otherPontificia Universidad Católica de Chile. Instituto de Economía
dc.date.accessioned2021-11-15T19:33:21Z
dc.date.available2021-11-15T16:33:00Z
dc.date.issued2021
dc.date.updated2021-11-12T21:19:33Z
dc.descriptionTesis (Magíster en Economía)--Pontificia Universidad Católica de Chile, 2021
dc.description.abstractIn this thesis, I incorporate a minimum wage and a basic-income scheme to a standard model of labor searchfrictions with endogenous separations. Increasing the minimum wage generates a negative spillover on bargained wages, dampening the increase of unemployment through job creation in this framework. The governmentguaranteed minimum income for workers is found to altogether counteract the equilibrium effects of the minimum wage by subsidizing low productivity matches. Numerical exercises find that the policies have a quantitatively small effect on labor outcomes in this context. The model is then extended to include risk-averse consumers and Bewley-Huggett-Aiyagari incomplete asset markets, where computational experiments suggest that the policy effects can be amplified through wage dependence on wealth. A numerical exercise suggests that the minimum wage has detrimental, albeit small, welfare effects on workers and that the basic income policy could be welfare improving on average for both employed and unemployed workers.
dc.description.version2021-11-14
dc.format.extent30 páginas
dc.fuente.origenAutoarchivo
dc.identifier.doi10.7764/tesisUC/ECO/62953
dc.identifier.urihttps://doi.org/10.7764/tesisUC/ECO/62953
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/62953
dc.information.autorucInstituto de Economía ; Janiak, Alexandre ; 0000-0001-6216-4324 ; 1032051
dc.information.autorucInstituto de Economía ; Kohn, David ; 0000-0003-1480-7035 ; 1044733
dc.information.autorucInstituto de Economía ; Rojas Hepburn, Jonathan Evan ; S/I ; 233217
dc.language.isoen
dc.nota.accesoContenido completo
dc.rightsacceso abierto
dc.subject.ddc330
dc.subject.deweyEconomíaes_ES
dc.subject.otherSalario mínimo - Chile - Modelos matemáticoses_ES
dc.subject.otherDesempleo - Aspectos económicos - Chilees_ES
dc.titleUnemployment effects of the Chilean basic-income scheme in a labor search and matching framework with precautionary savingses_ES
dc.typetesis de maestría
sipa.codpersvinculados1032051
sipa.codpersvinculados1044733
sipa.codpersvinculados233217
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3.13 Tesis magíster