Universal Basic Income: Debate and Impact Assessment
- ISBN-10
- 148438881X
- ISBN-13
- 9781484388815
- Series
- Universal Basic Income
- Category
- Business & Economics
- Pages
- 24
- Language
- English
- Published
- 2018-12-10
- Publisher
- International Monetary Fund
- Authors
- Delphine Prady, Maura Francese
Description
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.
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