Universal Basic Income: Debate and Impact Assessment
December 10, 2018
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Summary
This paper discusses the definition and modelling of a universal basic income (UBI). After clarifying 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 is discussed with regard to the policy objectives (shaped by social preferences) it is designed to achieve. Key design dimensions to be considered include: coverage, generosity of the program, overall progressivity of the policy, and its financing.
Subject: Income distribution, Income inequality, Labor, Personal income, Progressive taxation
Keywords: cost, income, program, UBI, WP
Pages:
24
Volume:
2018
DOI:
Issue:
273
Series:
Working Paper No. 2018/273
Stock No:
WPIEA2018273
ISBN:
9781484388815
ISSN:
1018-5941
