NBER

Diego Daruich

University of Southern California
3670 Trousdale Pkwy
Los Angeles, CA 90089

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: University of Southern California

NBER Working Papers and Publications

June 2020Universal Basic Income: A Dynamic Assessment
with Raquel Fernández: w27351
The idea of universal basic income (UBI)—a set income that is given to all without any conditions— is making an important comeback but there is no real evidence regarding its long-term consequences. This paper provides a very inexpensive evaluation of such a policy by studying its dynamic consequences in a general equilibrium model with imperfect capital markets and labor market shocks, in which households make decisions about education, savings, labor supply, and with intergenerational linkages via skill formation. The steady state of the model is estimated to match US household data. We find that a UBI policy that gives all households a yearly income equivalent to the poverty line level has very different welfare implications for those alive when the policy is introduced relative to futu...
November 2016The Surprising Instability of Export Specializations
with William Easterly, Ariell Reshef: w22869
We study the instability of hyper-specialization of exports. We have two main findings. (1) Specializations are surprisingly unstable: Export ranks are not persistent, and new top products and destinations replace old ones. Measurement error is unlikely to be the main or only determinant of this pattern. (2) Source-country factors are not the main explanation of this instability: Only 20% of the variation in export growth can be explained by variation in comparative advantage (source-by-product factors), while another 20% of the variation in export growth can be explained by variation in bilateral (source-by-destination) factors. The high share of product, destination, and product-by-destination factors, diminishes the emphasis on the nations where the exports originate. The high share of ...

Published: Diego Daruich & William Easterly & Ariell Reshef, 2018. "The surprising instability of export specializations," Journal of Development Economics, . citation courtesy of

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