Universal Basic Income: Debate and Impact Assessment

25 Pages Posted: 14 Jan 2019

See all articles by Maura Francese

Maura Francese

Bank of Italy

Delphine Prady

International Monetary Fund (IMF)

Date Written: December 2018


This paper discusses the definition and modelling of a universal basic income (UBI). Afterclarifying the debate about what a UBI is and presenting the arguments in favor and against,an analytical approach for its assessment is proposed. The adoption of a UBI as a policy tool isdiscussed with regard to the policy objectives (shaped by social preferences) it is designed toachieve. Key design dimensions to be considered include: coverage, generosity of theprogram, overall progressivity of the policy, and its financing.

Keywords: Fiscal policy, Government expenditures and welfare programs, Universal Basic Income, Inequality, Distributional Impact, Fiscal Poicy, Equity, Justice, and Other Normative Criteria and Measurement

JEL Classification: H53, D63

Suggested Citation

Francese, Maura and Prady, Delphine, Universal Basic Income: Debate and Impact Assessment (December 2018). Available at SSRN: https://ssrn.com/abstract=3314608 or http://dx.doi.org/10.2139/ssrn.3314608

Maura Francese (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184

Delphine Prady

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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