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The Economics Show
How much cash would it take to quit your job? With Pilita Clark and Mouhcine Guettabi
Aug 19, 2024
Pilita Clark, a Financial Times editor and columnist, joins the conversation alongside Mouhcine Guettabi, a researcher known for studying Alaska's citizen payments. They delve into what it would take to quit a job and explore universal basic income's complexities. Key topics include how Alaska's financial windfalls affected work behavior, revealing unexpected boosts in employment for some. Gender disparities in financial decisions are also examined, along with insights from basic income trials in Texas and Illinois that provided monthly support but reduced work participation.
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Quick takeaways
- The complexity of determining a personal financial threshold to quit a job is influenced by individual expenses, lifestyle preferences, and job satisfaction.
- Research on Alaska's Permanent Fund Dividend highlights how guaranteed cash payments can lead to nuanced employment outcomes, stimulating labor market demand in some demographics.
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