IDEAS home Printed from https://ideas.repec.org/a/eee/jpolmo/v47y2025i1p49-63.html
   My bibliography  Save this article

Exploring policy responses to labour-saving technologies: An assessment of basic income, job guarantee, and working time reduction

Author

Listed:
  • D’Alessandro, Simone
  • Distefano, Tiziano
  • Spinato Morlin, Guilherme
  • Villani, Davide

Abstract

This study examines policy responses to labor-saving technologies, focusing on employment and income inequality. Using the EUROGREEN model, we assess three scenarios: basic income, job guarantee, and working time reduction. The job guarantee scheme effectively reduces unemployment but raises the fiscal deficit, while working time reduction improves wage share, cuts deficits, and reduces inequality. Basic income has a moderate impact on unemployment but significantly reduces inequality but is accompanied by higher deficits. A wealth tax could help finance these policies and contribute to inequality reduction. This research provides novel insights to policymakers by demonstrating how a strategic mix of labour policies can improve socio-economic outcomes in the face of technological-induced job disruptions.

Suggested Citation

  • D’Alessandro, Simone & Distefano, Tiziano & Spinato Morlin, Guilherme & Villani, Davide, 2025. "Exploring policy responses to labour-saving technologies: An assessment of basic income, job guarantee, and working time reduction," Journal of Policy Modeling, Elsevier, vol. 47(1), pages 49-63.
    • Handle: RePEc:eee:jpolmo:v:47:y:2025:i:1:p:49-63
    DOI: 10.1016/j.jpolmod.2025.01.001
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0161893825000043
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jpolmod.2025.01.001?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Labour-saving technologies; Input-output; Inequality; Policy scenario analysis; Automation;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jpolmo:v:47:y:2025:i:1:p:49-63. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505735 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.