Guaranteed Income in the U.S. - Abridged Toolkit Best Practices, Resources, and Existing Models of Planned and Ongoing Research in the U.S., from JFI Experts
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
The Macroeconomic Effects of Universal Basic Income Programs
The Macroeconomic Effects of Universal Basic Income Programs Andre´ Victor Doherty Luduvice† University of Pennsylvania Job Market Paper This version: December 15, 2019 (click here for the latest version) Abstract What are the consequences of a nationwide reform of a transfer system based on means-testing towards one of unconditional transfers? I answer this question with a quantitative model to assess the general equilibrium, inequality, and welfare effects of substituting the current U.S. in- come security system with a Universal Basic Income (UBI) policy. To do so, I develop an overlap- ping generations model with idiosyncratic income risk that incorporates intensive and extensive margins of labor supply, on-the-job learning, and child-bearing costs. The tax-transfer system closely mimics the U.S. design. I calibrate the model to the U.S. economy and conduct coun- terfactual analyses that implement reforms towards a UBI. I find that an expenditure-neutral reform has moderate impacts on the labor supply response of agents but induces aggregate cap- ital and output to grow due to larger precautionary savings. A UBI of $ 1,000 monthly requires a substantial increase in the tax rate of consumption used to clear the government budget and leads to an overall decrease of the macroeconomic aggregates, stemming from a sharp drop in labor. In both cases, the economy has more disposable income but less consumption at the bottom of their distributions. The UBI economy constitutes a welfare loss at the transition if expenditure-neutral and results in a gain in the second scenario. Despite relative losses, a ma- jority of newborn households supports both UBI reforms. -
Ten Years of the Bolsa Família Program in Brazil and The
Ten years of the Bolsa Família Program in Brazil and the Perspectives of the Citizen’s Unconditional Basic Income in Brazil and in the World Eduardo Matarazzo Suplicy Eduardo Matarazzo Suplicy is currently a Brazilian Senator for the State of São Paulo, three times elected: in 1990, with 4.2 million or 30% of the valid votes; in 1998, with 7.6 million or 43% of the valid votes; and in 2006, with 8.986.803 or 47.8% of the valid votes. The Worker’s Party (PT) Direction in São Paulo, by unanimous vote, decided to indicate him again for a fourth mandate as Senator for the October 5 elections. The PT Convention that will officially nominate himwill be held in June 21. Suplicy was also a professor of Economics at the School of Business Administration of the Fundação Getúlio Vargas in São Paulo, from 1966 to 2012, when he retired. He received his MBA and PhD at Michigan State University. In 1971/2 he was a visiting scholar and a professor at Stanford University. Suplicy is the author of “The Effects of Mini devaluations in the Brazilian Economy”, his 1973 Ph.D thesis, published in 1974, by Fundação Getúlio Vargas; “International and Brazilian Economic Policies”, Editora Vozes, 1979; “Citizen’s Income. The exit is through the Door”, Editora Fundação Perseu Abramo and Cortez Editora 2002, 4th ed. in 2006 (Editions Calmann-Lévy, Editor of books of Marcel Proust and Celso Furtado, has just decided to publish this book in France); and “Citizen’s Basic Income. The Answer is Blowin´the Wind”, L&PM pocket, 2006, all of them in Portuguese. -
Download This Report
Social Security Review2021 Evolution of Social Security in South Africa: An Agenda for Action ACKNOWLEDGEMENTS Copyright 2021 The Department of Social Development extends its Department of Social Development appreciation to the HSRC for providing editorial services for this inaugural edition of the Social Security Review. Special thanks This publication is an output of the Development of Social go to Shirin Motala, Stewart Ngandu and Tim Hart for their Development with support from the Economic Development excellent guidance and support to the Department to ensure Programme, Human Sciences Research Council. a high standard for the publication, including the peer review of all the chapters. The Department is immensely grateful to EDITORS: Shirin Motala; Stewart Ngandu & Tim Hart the Authors who willingly responded to the requests from the HSRC for editing and approving of drafts. This is more so as Credits many of these requests came at short notice. Cover Illustration and design 2021 by Ilse Visagie, HSRC Book layout and production by Blackmoon Design and Advertising We wish to acknowledge the contribution of the team of Copy editing by John Seagar. Peer Reviewers, 23 of them who will remain unnamed as the approach was a double blinded peer review process. They Copyright Statement provided their intellectual insights and gave direction to the The text and data in this publication may be reproduced as long authors in order to enhance the quality of the contributions. as the source is cited. Reproductions for commercial purposes are forbidden. We appreciate other colleagues at the HSRC, whose various contributions in the execution of the project enabled the Rights and Permission - All rights reserved achievement of milestones under tremendous pressure. -
Kyle Davidson Colloquium 12/12/2019 Final Paper The
Kyle Davidson Colloquium 12/12/2019 Final Paper The Adverse Effects of Universal Basic Income as Proposed by Andrew Yang Every four years American politics see a plethora of innovative politicians testing their respective platforms as they run for the most prestigious political position in the world: The United States President. One seemingly reoccurring theme among recent leftist runner ups has been the radically socialist idea of universal basic income. In 2019, democratic entrepreneur and philanthropist Andrew Yang is promoting his campaign entirely based on such a proposal. Yang proposes the “Freedom Dividend” as a way to decrease poverty and increase prosperity within the States. Although, it’s hard to believe such a policy could be implemented in the United States recent trends in politics seem to indicate that this fate may be not as far away as we once thought. Yang believes it is time for the US to follow suit. However, upon further analysis universal basic income, as proposed by Andrew Yang’s campaign, will yields numerous glaring issues. The most prominent of these being funding issues, a decrease in labor force work incentive, and deadweight loss from taxation collection. It is best to first start with a basic definition of universal basic income. As defined by Yang’s campaign site, universal income is a form of social security that gives a predetermined amount of currency to every person within the desired population. No other requirement is necessary to receive the divided. For example, the person does not need to be actively searching for a job if they are unemployed. -
The Citizen's Basic Income As an Instrument to Help the Transition to Democracy
The Citizen’s Basic Income to Build Democracy and Justice Essay presented to NOPOOR Project in Paris, June 12 2012 1 Eduardo Matarazzo Suplicy It is an honor for me to be invited to participate in this Kick-off Meeting of the NOPOOR Project, organized by the Development Institutions & Mondialization, DIAL, and the Institut de Recherche pour le Development, IRD, in Paris June 11th to 13th. It is, undoubtedly, a very relevant opportunity to exchange ideas about the experiences of so many countries, in the five continents, about how we can raise the level of justice in our societies, with freedom, by democratic means, so as to live with a sense of solidarity and peace. As a Brazilian Senator, member of the Workers’ Party (Partido dos Trabalhadores), author of Law 10.835/2004, that institutes a Citizen’s Basic Income to all residents of Brazil, including those foreigners who have lived in Brazil for five years or more, no matter the origin, race, sex, age or socioeconomic condition, and also Co-President of Honor of the Basic Income Earth Network – BIEN – I am happy to bring you information about what is going on in my country, and about the development of this proposal in other parts of the world. According to the law, approved by consensus of all parties, in December 2002 in the Federal Senate, and in December 2003, in the Chamber of Deputies, and then sanctioned by President Luiz Inácio Lula da Silva in January 8th, 2004, the Citizen’s Basic Income will be an annual monetary benefit, equal to all, sufficient to attend the basic needs of each person. -
Basic Income on the Agenda: Reflections on the Finnish Basic Income Experiment
Basic Income on the Agenda: Reflections on the Finnish Basic Income Experiment Presentation prepared for Institute for Policy Research, University of Bath, 1 June 2016 1 Jurgen De Wispelaere, University of Tampere [email protected] 2 Basic income attention, 2005-2016 Source: Scott Santens, Basic Income on the March (Google Trends) 3 Recent policy initiatives !Existing schemes: Alaska PFD, Iran’s oil subsidy grant, … !Legislation: Brazil’s Lei de Renda Bá sica de Cidadania (Law No. 10.835, 2004) and Switzerland’s Basic Income Referendum on 5 June 2016 !Pilot projects, past and planned: !1970s: NIT experiments (US), Mincome (Canada) !Experiments in Otjivero-Omitara (Namibia, 2008-2009), Quatinga Velho (Brazil, 2008-), Madhya Pradesh (India, 2011) !Planned experiments include Netherlands (Utrecht, Tilburg, Groningen, Wageningen), Kenya (GiveDirectly, 10-15y trial), Bay Area, US (Ycombinator), Finland (2017-2019). 4 Why basic income pilots now? ! Background context of 2008 financial crisis and its reaction: austerity, poverty and economic inequality … ! Growth of evidence-based policy-making ! Attention-grabbing events: e.g. Switzerland (2013), Finland/ Netherlands (2015), Kenya (2016) ! Media attention promotes policy attention ! Policy learning from examples around the world? ! Exponential increase in organised basic income movement ! Basic income pilots are a political compromise between doing nothing and implementing a novel policy idea 5 Why conduct a basic income pilot? !Scientific field experiment: examining actual behaviour/impact -
The Ethics and Economics of the Basic Income Guarantee
Georgetown University From the SelectedWorks of Karl Widerquist 2005 The thicE s and Economics of the Basic Income Guarantee Karl Widerquist Michael Lewis Steven Pressman Available at: https://works.bepress.com/widerquist/9/ 1 The Ethics and Economics of the Basic Income Guarantee This is an early version of a manuscript that was later published as: Karl Widerquist, Michael Anthony Lewis, and Steven Pressman (editors) The Ethics and Economics of the Basic Income Guarantee. Aldershot, UK: Ashgate, 2005 If you want to cite or quote it, please refer to the published version. If you have any questions, please contact me at: [email protected] v 2 The Ethics and Economics of the Basic Income Guarantee Contents List of Figures vii List of Tables viii List of Contributors x Preface xiii Acknowledgments 1 An Introduction to the Basic Income Guarantee 1 Michael Lewis, Steven Pressman, and Karl Widerquist Part One: History 2 In the Shadow of Speenhamland: Social Policy and the Old Poor Law 13 Fred Block and Margaret Somers 3 Inheritance and Equal Shares: Early American Views 55 John Cunliffe and Guido Erreygers 4 The Guaranteed Income Movement of the 1960s and 1970s 77 Robert Harris 5 A Retrospective on the Negative Income Tax Experiments: Looking 95 Back at the Most Innovate Field Studies in Social Policy Robert A. Levine, Harold Watts, Robinson Hollister, Walter Williams, Alice O’Connor, and Karl Widerquist Part Two: Debate 6 Basic Income in the United States: Redefining Citizenship in the 109 Liberal State Almaz Zelleke 7 Basic Income, Liberal Neutrality, Socialism, and Work 122 Michael W. -
Universal Basic Income: a Psychological Impact Assessment
Universal Basic Income: A Psychological Impact Assessment recently arrived migrants to get involved in What if... community activities? She could do this with a Universal Basic Income. ...Just to make ends meet, Rachel did not need to do a late-night shift in Tesco, after giving her ...Paul and Amina could upgrade their computer children their tea and working all day as a low- system to make running their start-up business paid carer for a home care agency? She could more efficient? They could do this with a do this with a Universal Basic Income. Universal basic Income. ...Abdul, instead of working the long hours in the ...Jessica, tied financially to an abusive finance organisation, reduced his hours and spent husband, had the financial independence to more time at home with his two young children? leave him? She could do this with a Universal He could do this with a Universal Basic Income. Basic Income. ...Grace, instead of going back to work full ...Irene and Daryl could be sure they had enough time after maternity leave, was able to afford money for food if the agencies they worked for to return part time? She could do this with a had no work for them this week. They could do Universal Basic Income. this with a Universal Basic Income. ...Will, instead of working as a barista in between ...Michelle, instead of undergoing work commissions for his graphic design service, capability assessments, could decide the hours spent the time developing his skills? He could do she was able to work, on what, and where? She this with a Universal Basic Income. -
What Do We Know About the Effects of the Alaska Permanent Fund Dividend?
What do we know about the effects of the Alaska Permanent Fund Dividend? Mouhcine Guettabi ∗ 1 Institute of Social and Economic Research, University of Alaska Anchorage May 20, 2019 Abstract The Alaska Permanent Fund Dividend (PFD) has been distributed to Alaska residents for 37 years, providing each resident an equal share of a yearly government appropri- ation based on the earnings of the Alaska Permanent Fund. While support for the program is high, work assessing the PFD's influence on the lives of Alaskans is lim- ited. Recently, a number of researchers have analyzed the causal effect of the PFD on a variety of socio-economic outcomes including employment, consumption, income inequality, health, and crime. This paper summarizes this empirical literature and highlights future areas of research. Keywords: Permanent Fund Dividend, Research, Alaska, universal income. ∗Associate Professor of Economics. Email: [email protected] Contents 1 Summary 1.1 Main findings . 1.2 Future work . 2 Background on the Permanent Fund Dividend 1 3 Paper structure 1 4 Employment 2 4.1 Short run . .2 4.2 Long run . .3 5 Health 4 5.1 Birthweight . .4 5.2 Childhood obesity . .4 5.3 Future health related work . .5 6 Consumption 5 6.1 Using Consumer Expenditure Survey Data . .6 6.2 Using detailed transaction data . .6 7 Poverty 7 8 Income inequality 8 9 Crime 8 10 Where does the research on the PFD go? 9 1 Summary 1.1 Main findings • Alaskans have received an unconditional cash transfer since 1982. The recent literature is starting to shed light on the socio-economic effects of the distribution on employment, consumption, poverty, health, and crime. -