PFD

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What we know about the effect of the PFD on socio-economic well-being and what more we could learn

For the last 37 years, Alaska residents have received a Permanent Fund Dividend (PFD), but it is only recently that researchers have begun to analyze the effect of the PFD on the socio-economic well-being of Alaskans. In a new paper, Mouhcine Guettabi, associate professor of economics and ISER faculty, summarizes the research, including his own, on what is known of the PFD’s effect on employment, consumption, income inequality, health, and crime. 

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Guettabi provides economic outlook at Alaska Economic Summits

There are positive signs that the recession is coming to an end, with a slight growth in jobs during January and February 2019, but the recovery is fragile and will be sensitive to changes in oil prices and budget cuts, Mouhcine Guettabi, associate professor of Economics and ISER faculty told attendees at a series of Alaska Economic Summits sponsored by Northrim Bank in April.

Overall, employment increased by 400 jobs between February 2018 and February 2019. This is in comparison to losses of more than 12,500 jobs since 2016.

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ISER researchers look at short-term impact of PFD on Alaska’s labor market

An increase of $1,000 in the Alaska Permanent Fund Dividend (PFD) affects women in the labor market differently than men, with women working fewer hours and men having increased employment opportunities in the three months after the PFD is distributed. The differing responses, however, nearly balance each other out with a relatively small decline in the number of hours worked on an annual basis, according to a new paper by ISER’s Andrew Bibler, Mouhcine Guettabi, and Matthew Reimer. 

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PFD study shows little impact on crime, providing important research on universal income

Within the first few weeks after the Alaska Permanent Fund Dividend (PFD) is paid, substance-abuse incidents increase, while property crime decreases. On an annual basis, however, changes in criminal activity associated with the payment are small and estimated costs are a small portion of the total payment, according to a new analysis of the PFD by Brett Watson, Mouhcine Guettabi, and Matthew Reimer of the Institute of Social and Economic Research (ISER).