Ghatak, Maitreesh 
ORCID: 0000-0002-0126-0897 and Maniquet, Franccedilois
(2019)
Universal basic income: some theoretical aspects.
Annual Review of Economics, 11.
pp. 895-928.
ISSN 1941-1383
Abstract
In this article, we review the desirability and feasibility of a universal basic income (UBI) scheme from the theoretical point of view. We first discuss the possible theoretical justifications of UBI, contrasting the unconditionality of UBI with the many conditions that typically accompany other welfare policies. These justifications range from pure normative reasons to practical reasons due to the problem of screening beneficiaries and imperfections in institutions in charge of implementing tax and welfare policies. Next, we explore the conditions that determine the feasibility and size of a UBI. The broad picture that emerges from our review is that both normative and practical considerations make UBI easier to defend as a tool of poverty alleviation in developing countries than as a tool to achieve social justice in developed ones.
| Item Type: | Article |
|---|---|
| Official URL: | https://www.annualreviews.org/journal/economics |
| Additional Information: | © 2019 Annual Reviews |
| Divisions: | Economics |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
| JEL classification: | D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H24 - Personal Income and Other Nonbusiness Taxes and Subsidies H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents > H31 - Household I - Health, Education, and Welfare > I3 - Welfare and Poverty > I38 - Government Policy; Provision and Effects of Welfare Programs |
| Date Deposited: | 30 Oct 2019 09:18 |
| Last Modified: | 12 Dec 2024 01:57 |
| URI: | http://eprints.lse.ac.uk/id/eprint/102273 |
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