Monday, 6 February, 2023

00:01 | For Study Applicants | ONLINE

Admissions open!

Since December 1st till March 31 you can apply to our programs:
Master in Economic Research and PhD in Economics

Entry requirements are:
- BA or MA degree or equivalent
- Proficiency in spoken and written English
- Solid background in mathematics
- Previous education in economics is recommended

Your online application must content following documents:
- Curriculum vitae
- Statement of motivation
- Copies of your diplomas and transcripts
- Proof of English proficiency level
- Contact details for two (or max. three) referees

For more information please see sections: How to apply to MAER or How to apply to PhD
In case of any question, please do not hesitate to contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.
or see the FAQ sections for MAER or Phd

12:00 | For Study Applicants | ONLINE

Meet our Students Online: Zhandos Tursumbekov

Are you wondering what it's like to study at CERGE-EI?
You´re welcome to join Zhandos´ presentation
on Feb 6 at 12.00 CET.
He will share his personal experience and answer all your questions.


Presenter: Zhandos Tursumbekov
Online link for the presenation:
Meeting ID: 996 6438 7284
Passcode: 634467

meet our students zhandos2



14:00 | Macro Research Seminar

Alexander P. Hansak (Vienna Graduate School of Economics) "Quantifying the Effects of Basic Income Programs in the Presence of Automation"

Alexander P. Hansak, MSc.

Vienna Graduate School of Economics, Austria

Join online:  (password 5569)

Abstract: The trend towards increasing automation and robotization is a challenge for the labor market, especially for the demand for low skilled labor. Concepts of a Universal Basic Income (UBI) are often brought up as potential reforms to current welfare systems which could provide additional insurance against this trend. I develop a quantitative theory of the labor market where firms endogenously decide on their investment in robots, while workers can insure themselves against the risk of automation induced job-loss by obtaining a college degree. This framework allows for an analysis of the interaction between unconditional transfers and automation and reveals a negative relationship between the generosity of the basic income and the investment in robots. UBI lowers the effective marginal tax rates for unemployed and reduces the incentives for obtaining a college degree. Both effects lead to an increase in participation and search effort in the automation sector and investment in robots is discouraged while employment increases. Concerning worker welfare, my framework highlights a generational conflict: When comparing stationary equilibria, workers would always prefer being born into an economy without a basic income. However, older cohorts who are already alive during the introduction of the basic income can expect welfare gains during the transition to the new equilibrium.

JEL Classification: E24, H24, H31, I38, J24
Keywords: Universal Basic Income, Negative Income Tax, Automation, Labor Market Frictions, Overlapping Generations

Full Text: Quantifying the Effects of Basic Income Programs in the Presence of Automation