Event Title

Redistribution In The Last Frontier: Analysis On The Mechanics And Outcomes Of The Alaska Permanent Fund

Location

CBM 149

Start Date

19-4-2019 11:00 AM

Department

Economics

Session

Session 1

Description

The aim of this study is to analyze the impact that the Alaska Permanent Fund has on the consumption, labor market, and capital investment, its ability to respond to changes in the economic environment both nationally and globally, and its impact on Alaska’s welfare. To reach our goal, we will identify possible variables that have the potential to impact the economic conditions of Alaska, both within the state and outside of the state. We then use a multivariable regression analysis to see which of our variables has the largest impact on the economic conditions. This allows us to reach a more precise conclusion about the impact that the Alaska Permanent Fund has on the Alaska’s over all welfare. We will assess local economic variables and the impact of the Alaska Permanent Fund. In addition to regression analysis, other studies will be used to understand the macro and micro economic impacts of the fund. Part of this analysis will include the funds ability to respond to changes to the global market in real time. This will help us better understand fluctuations in the dividends received by Alaskans. The significance of this project stems from the uniqueness of the Fund. Though the Fund has been in place for well over thirty years, similar programs are yet to be implemented in the rest of the country. However, a political will exists that can make this variation of universal basic income an agenda item on the national level. The conclusions drawn from this study can help us understand whether a nation-wide implementation of similar universal basic income can have a net benefit on the United States.

Comments

Hardik Marfatia is the faculty sponsor of this project.

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Apr 19th, 11:00 AM

Redistribution In The Last Frontier: Analysis On The Mechanics And Outcomes Of The Alaska Permanent Fund

CBM 149

The aim of this study is to analyze the impact that the Alaska Permanent Fund has on the consumption, labor market, and capital investment, its ability to respond to changes in the economic environment both nationally and globally, and its impact on Alaska’s welfare. To reach our goal, we will identify possible variables that have the potential to impact the economic conditions of Alaska, both within the state and outside of the state. We then use a multivariable regression analysis to see which of our variables has the largest impact on the economic conditions. This allows us to reach a more precise conclusion about the impact that the Alaska Permanent Fund has on the Alaska’s over all welfare. We will assess local economic variables and the impact of the Alaska Permanent Fund. In addition to regression analysis, other studies will be used to understand the macro and micro economic impacts of the fund. Part of this analysis will include the funds ability to respond to changes to the global market in real time. This will help us better understand fluctuations in the dividends received by Alaskans. The significance of this project stems from the uniqueness of the Fund. Though the Fund has been in place for well over thirty years, similar programs are yet to be implemented in the rest of the country. However, a political will exists that can make this variation of universal basic income an agenda item on the national level. The conclusions drawn from this study can help us understand whether a nation-wide implementation of similar universal basic income can have a net benefit on the United States.