8
votes
Accepted
The Case for Basic Income in developed and underdeveloped countries
Thanks to densp for identifying this paper.
It refers to a major pilot project undertaken in Namibia
Background:
The Basic Income Grant (BIG) pilot project took place in the Otjivero-Omitara area, ...
- 3,751
5
votes
Accepted
UBI - Raising the Poverty line
No, this question is based on fundamentally flawed premises. There is a plenty that you can criticize about UBI and generally literature does not consider UBI efficient redistribution policy, but ...
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5
votes
Is a universal basic income possible in the United States?
A new report by the Roosevelt Institute answers exactly that using a Keynesian, Stock-Flow-Consistent model calibrated to the US. According to their result, when distributional changes are considered, ...
- 8,552
4
votes
Accepted
What are the benefits of UBI?
This is a huge question and I doubt any SE answer could address this fully, but I would like to elaborate on a few points.
Effects of the Alaska Permanent Fund Dividend
I would argue that the ...
- 1,070
3
votes
Accepted
Why income elasticity of demand of luxury good in greater than 1?
As for your first question: income elasticity of demand is just a percentage change in quantity demanded divided by a percentage change in demand. If you divide two things that are equal you get one: $...
- 911
3
votes
Emergence of notion "primitive business" in the era of Industry 4.0 and globalization
There surely is research about the complement(s) of the (low tech) "primitive businesses", i.e. the high-tech and/or innovative businesses.
The US CES for instance publishes a BDS-HT (...
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3
votes
Accepted
Wouldn't an unconditional basic income lead to an inflation that negates its effect?
Theoretically basic income might have a tendency to increase inflation. But that largely depends on how much is the basic income provided. Usually, the idea of basic income itself means that it is '...
- 1,106
3
votes
How is workforce guaranteed in basic income system?
Brian's answer surely hit a major part of the issue - the level of the UBI. Yet, there are other aspects of the problem.
People like to work. There is a huge amount of sociological literature showing ...
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2
votes
Economic effects of a Commons Capital Depository
Has anything like his proposed commons capital depository ever been tried in practice?
Sweden had such experiment, but in a much lower scale than it was originally planned and of what Varoufakis is ...
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2
votes
Wouldn't an unconditional basic income lead to an inflation that negates its effect?
In short, inflation affects a basic income guarantee exactly the same as any other cashflow in the affected currency.
It is possible to create a connection by funding a basic income benefit with ...
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2
votes
Wouldn't an unconditional basic income lead to an inflation that negates its effect?
Another name for basic income is citizens dividend, the idea being that the income is a dividend from the nation's earnings from natural resources like land and oil. In most countries only a select ...
- 1,057
2
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Is poverty a mathematical necessity?
Onurcanbektas, I really like your thought process. The problem with your mental model is that you've assumed economic output is exogenous. However, in the real world (most) jobs produce economic ...
- 129
2
votes
Are there any effective research efforts into combating wealth inequality?
There is a lot of research into this area. You might want to look into the papers of Angus Deaton, Thomas Picketty, Gabriel Zucman, Emanuel Saez or Branko Milanovic for starters.
Especially, Emanuel ...
- 52.9k
2
votes
Universal basic loan
This website is supposed to be technical questions and not opinion-based, so I will try to respond to two technical questions I can extract from the question.
The first question: is the loan “less ...
- 9,844
1
vote
UBI - Raising the Poverty line
IMO, the force that would prevent everyone getting a bigger piece of your UBI pie is competition. If one landlord tried to price gouge, you could rent a different apartment. If one ice cream parlor ...
- 21
1
vote
Is there any way to sufficiently cover the cost of a UBI?
But what about the $100 billion saved from healthcare needs? Is that an actually reason, which studies to back it up?
I'm not sure anyone can answer this for you if you want to ignore social benefits....
- 1,808
1
vote
Accepted
Is there any way to sufficiently cover the cost of a UBI?
Since you say that you want to ignore social benefits etc. then answer is trivial. As long as the cost of UBI is not so high that taxes would cross the peak of Laffer curve then answer is always yes, ...
- 52.9k
1
vote
elasticity of income if price changes by 10 percent
Try work it out step by step and don't just concentrate on the math.
Suppose Arista has income of $w$, and the price of whatzits is $p$. She spends 10% of that on whatzits, so how many whatzits does ...
- 2,784
1
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Is poverty a mathematical necessity?
American economic theorist Henry George wrote about precisely this issue in his famous work Progress and Poverty published in the late 1800s, and based on his observations on the economic development ...
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What are the differences on the impact of a universal basic income from a liberal and a keynesian point of view?
'Universal basic income' has largely been in the public dialogue, to counter the negative consequences of automation - or some other reasons for mass unemployment. In such a context, it is proposed as ...
- 11
1
vote
How is workforce guaranteed in basic income system?
The level of the basic income would have to be set at a level that the majority of the population is still willing to work to get more money than the basic amount, so that required work is still done. ...
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1
vote
How much inflation will changes to official wage benchmarks cause?
.
From Investopedia
Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central banks ...
- 3,751
1
vote
Is a universal basic income possible in the United States?
It depends what formula you apply.
If we apply the formula as laid out by Philippe Van Parijs and Yannick Vanderborght to the United States, for a UBI consisting of 25 percent of GDP distributed on a ...
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