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Do We Need Basic Income Experiments?

Author

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  • Torry Malcolm

    (Institute for Policy Research, University of Bath, Bath, UK)

Abstract

In this article ‘Basic Income’, ‘Basic Income scheme’, ‘experiment’ and ‘pilot project’ will be defined, and Basic Income pilot projects in Namibia and India will be distinguished from Minimum Income Guarantee experiments in the USA and Canada and the ambiguous pilot project in Finland. The conditions for running a genuine Basic Income pilot project in a country with a more developed economy will then be outlined, and microsimulation will be found to be the only reliable method for testing a Basic Income scheme for financial feasibility. The conclusion will be drawn that microsimulation can provide many of the results that a pilot project would deliver, but that pilot projects of financially feasible Basic Income schemes might still be useful to test dynamic macroeconomic and labour market effects.

Suggested Citation

  • Torry Malcolm, 2021. "Do We Need Basic Income Experiments?," Basic Income Studies, De Gruyter, vol. 16(1), pages 39-54, June.
    • Handle: RePEc:bpj:bistud:v:16:y:2021:i:1:p:39-54:n:2
    DOI: 10.1515/bis-2021-0020
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