<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-2596</journal-id>
<journal-title><![CDATA[Lecturas de Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Lect. Econ.]]></abbrev-journal-title>
<issn>0120-2596</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Antioquia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-25962023000100007</article-id>
<article-id pub-id-type="doi">10.17533/udea.le.n98a348515</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Minimum Wage, Unemployment Insurance, and Universal Basic Income in a Wealth Concentration Process: A Theoretical Approach]]></article-title>
<article-title xml:lang="es"><![CDATA[Salario Mínimo, Seguro de Desempleo y Renta Básica Universal en un Proceso de Concentración de la Riqueza: Un Enfoque Teórico]]></article-title>
<article-title xml:lang="fr"><![CDATA[Le salaire minimum, l&#8217;assurance chômage et le revenu de base dans un processus de concentration des richesses: une approche théorique]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ortiz]]></surname>
<given-names><![CDATA[Carlos Humberto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad del Valle Departamento de Economía ]]></institution>
<addr-line><![CDATA[Cali ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2023</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2023</year>
</pub-date>
<numero>98</numero>
<fpage>7</fpage>
<lpage>37</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-25962023000100007&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-25962023000100007&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-25962023000100007&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Ortiz and Castillo (2020) built a multisector economic model where concentration of capital ownership diminishes the society&#8217;s purchasing power. After a certain concentration threshold is overcome, labour unemployment rises due to the lack of effective demand, the wage rate must be set to the minimum, and the distribution of income shifts in favour of capital. Based on that approach, this paper analyses two alternative policies: an unemployment insurance and a universal basic income. The unemployment insurance program is fairer than the competitive outcome but not efficient, whilst the optimal universal basic income is fairer and efficient. A minimum wage rate that minimizes the unemployment rate is also found.  JEL Classification:  D31, D33, D51, E25, E62, O11.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Ortiz y Castillo (2020) construyeron un modelo económico multisectorial en el que la concentración de la propiedad del capital disminuye la capacidad de compra de la sociedad. Después de que se supera un umbral de concentración, el desempleo laboral aumenta debido a la carencia de demanda efectiva, la tasa salarial debe fijarse al mínimo, y la distribución del ingreso vira a favor del capital. Basado en ese enfoque, este artículo analiza dos políticas alternativas: un seguro de desempleo y una renta básica universal. El programa del seguro de desempleo es más justo que el resultado competitivo, pero no es eficiente, mientras que la renta básica universal es más justa y es eficiente. También se encuentra la tasa salarial mínima que minimiza la tasa de desempleo.  JEL Classification:  D31, D33, D51, E25, E62, O11.]]></p></abstract>
<abstract abstract-type="short" xml:lang="fr"><p><![CDATA[Résumé : Ortiz et Castillo (2020) ont construit un modèle économique multisectoriel dans lequel la concentration de la propriété du capital diminue le pouvoir d&#8217;achat de la société. Après le dépassement d&#8217;un seuil de concentration, le chômage augmente en raison de l&#8217;insuffisance de la demande effective, raison pour laquelle le taux de salaire doit être fixé au minimum et la répartition des revenus se déplace en faveur du capital. En partant de ce résultat, cet article analyse deux politiques économiques alternatives: l&#8217;assurance chômage et le revenu de base o revenu universel. Les résultats montrent que l&#8217;assurance chômage est plus juste par rapport à la situation concurrentielle, mais elle n&#8217;est pas efficace, tandis que le revenu de base est plus juste et efficace. Nous trouvons également le taux de salaire minimum qui minimise le taux de chômage.  JEL Classification:  D31, D33, D51, E25, E62, O11.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[non-homothetic and satiable preferences]]></kwd>
<kwd lng="en"><![CDATA[increasing returns]]></kwd>
<kwd lng="en"><![CDATA[capital ownership concentration]]></kwd>
<kwd lng="en"><![CDATA[purchasing power capacity]]></kwd>
<kwd lng="en"><![CDATA[unemployment insurance]]></kwd>
<kwd lng="en"><![CDATA[universal basic income]]></kwd>
<kwd lng="es"><![CDATA[preferencias no homotéticas y saciables]]></kwd>
<kwd lng="es"><![CDATA[rendimientos crecientes]]></kwd>
<kwd lng="es"><![CDATA[concentración de la propiedad del capital]]></kwd>
<kwd lng="es"><![CDATA[seguro de desempleo]]></kwd>
<kwd lng="es"><![CDATA[renta básica universal]]></kwd>
<kwd lng="fr"><![CDATA[préférences non homothétiques et satiables]]></kwd>
<kwd lng="fr"><![CDATA[rendements croissants]]></kwd>
<kwd lng="fr"><![CDATA[concentration de la propriété du capital]]></kwd>
<kwd lng="fr"><![CDATA[assurance-chômage]]></kwd>
<kwd lng="fr"><![CDATA[revenu de base universel]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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