A newer version of this project is available. See below for other available versions.

Data and Code for: The Labor Market Impacts of Universal and Permanent Cash Transfers: Evidence from the Alaska Permanent Fund

Principal Investigator(s): View help for Principal Investigator(s) Damon Jones, University of Chicago; Ioana Marinescu, University of Penssylvania

Version: View help for Version V1

Name	File Type	Size	Last Modified
code			05/10/2021 01:59:AM
data			05/08/2021 09:25:PM
README.pdf	application/pdf	214.1 KB	08/15/2021 08:55:PM

Project Citation:

Jones, Damon, and Marinescu, Ioana. Data and Code for: The Labor Market Impacts of Universal and Permanent Cash Transfers: Evidence from the Alaska Permanent Fund. Nashville, TN: American Economic Association [publisher], 2021. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-09-24. https://doi.org/10.3886/E140121V1

Project Description

Summary: Since 1982, all Alaskan residents have received a yearly cash dividend from the Alaska Permanent Fund. Using the Current Population Survey and a synthetic control method, this paper shows that the dividend had no effect on employment, and increased part-time work by 1.8percentage points (17%). A calibration of micro and macro effects suggests that the empirical results are consistent with cash stimulating the local economy — a general equilibrium effect.Non-tradable sectors have a more positive employment response than tradable sectors. Overall, the results suggest that a universal and permanent cash transfer does not significantly decrease aggregate employment.

Scope of Project

Subject Terms: unconditional cash transfers; labor supply; employment; fiscal multipliers

JEL Classification:
      H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
      I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
      J21 Labor Force and Employment, Size, and Structure
      J22 Time Allocation and Labor Supply

Geographic Coverage: United States of America

Time Period(s): 1/1/1960 – 12/31/2015

Collection Date(s): 1960 – 2015

Universe: People age 16 and older; Individual and state level data for all 50 US States and the District of Columbia

Data Type(s): aggregate data; census/enumeration data; survey data

Methodology

Data Source: IPUMS CPS, 1977-2015
IPUMS Census, 1960, 1970
CPS Merged Outgoing Rotation Groups, 1979-2015
CDC Natality Data, 1970-2016
CDC Mortality Data, 1968-2016
US Energy Information Administration, 1960-2018
BP Statistical Review of World Energy, 1965-2017
US Bureau of Economic Analysis GDP Data, 1963-2017
Alaska Department of Revenue Permanent Fund Dividend Data, 1981-2016
BLS CPI-U, 1981-2016
BLS Quarterly Census of Employment and Wages, 1982-2014
Federal Reserve Bank Alaska Population, 1950-2018
US Census State FIPS codes, 2016
Pierson and Thompson Government Finance Database, 1967-2015
T.J. Homes State Borders Dataset, 1998

Unit(s) of Observation: U.S. States and the District of Columbia

Related Publications

Download this project

Published Versions

V2 [2023-05-26]

V1 [2021-09-24]

Export Metadata

Dublin Core

DDI 2.5

Report a Problem

Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.

This material is distributed exactly as received from the data depositor. As of April 2026, depositors are required to submit study materials in accessible formats. ICPSR has not reviewed, checked, or processed this material. For additional information about the study, please contact the investigator(s) directly. If you have questions about the accessibility of materials distributed by ICPSR or require further assistance, please visit ICPSR's Accessibility Center.