Universal Basic Income: Debate and Impact Assessment
25 Pages Posted: 14 Jan 2019
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: Suggested Citation