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I can't find the link right now but IIRC there was a study that counterintuitively showed the yearly payments program to Alaska residents (from petroleum extrac

I can't find the link right now but IIRC there was a study that counterintuitively showed the yearly payments program to Alaska residents (from petroleum extraction taxes) increased the likelihood of poorer people taking on more work.

neaden 9y ago
Was it this one? https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3118343&utm_content=buffer0e9c8&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3118343&...
- stevenwoo 9y ago
  Yes, though there was a news article this month about it and other studies that linked to all of them (they talked about different aspects) that I was searching for, it's a small impact.
olympus 9y ago
tl;dr: Alasak oil royalty payments are more like UBI and less like CCT, so the incentive structure is a little different. The Alaska oil royalties are not quite conditional cash transfer (CCT), since the only condition is that you lived in Alaska the entire year. They are much closer to universal basic income (UBI). Basically, since I don't have to comply with the forced requirements of a CCT, someone receiving a UBI is free to save it or spend it however they want. In Alaska that might mean that I'm more likely to go on a job hunt. I'm not exactly sure why, but not being forced to keep your kid in school and go to the doctor might be better in the long run. CCT and UBI are quite different, although they might look the same at first glance. A UBI would give money to everyone, even the Koch brothers and Warren Buffet. CCT only targets poor people, but places restrictions on what you have to do to get the money. With a CCT, you aren't free to spend your money however you want. You must first spend your money complying with the conditions or you stop getting the payments. If I'm only getting $150 per month, then most of the short term benefit is eaten up by going to doctor appointments and my kid's school.

neaden 9y ago

Was it this one? https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3118343&utm_content=buffer0e9c8&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3118343&...

stevenwoo 9y ago
Yes, though there was a news article this month about it and other studies that linked to all of them (they talked about different aspects) that I was searching for, it's a small impact.

olympus 9y ago

tl;dr: Alasak oil royalty payments are more like UBI and less like CCT, so the incentive structure is a little different. The Alaska oil royalties are not quite conditional cash transfer (CCT), since the only condition is that you lived in Alaska the entire year. They are much closer to universal basic income (UBI). Basically, since I don't have to comply with the forced requirements of a CCT, someone receiving a UBI is free to save it or spend it however they want. In Alaska that might mean that I'm more likely to go on a job hunt. I'm not exactly sure why, but not being forced to keep your kid in school and go to the doctor might be better in the long run. CCT and UBI are quite different, although they might look the same at first glance. A UBI would give money to everyone, even the Koch brothers and Warren Buffet. CCT only targets poor people, but places restrictions on what you have to do to get the money. With a CCT, you aren't free to spend your money however you want. You must first spend your money complying with the conditions or you stop getting the payments. If I'm only getting $150 per month, then most of the short term benefit is eaten up by going to doctor appointments and my kid's school.