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Overcoming Dividend Skepticism: Why the World's Sovereign Wealth Funds Are Not Paying Basic Income Dividends

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  • Cummine Angela L.

    (University of Oxford)

Abstract

More than 50 states around the world now possess a Sovereign Wealth Fund (SWF), yet only the Alaska Permanent Fund (APF) directly distributes profits to national citizens. SWFs are government-owned investment vehicles, more than two-thirds of which have been established since the year 2000. This article seeks to discover why this recent proliferation of SWFs has not been matched with a similar increase in their use as a financing source for Basic Income schemes.

Suggested Citation

  • Cummine Angela L., 2011. "Overcoming Dividend Skepticism: Why the World's Sovereign Wealth Funds Are Not Paying Basic Income Dividends," Basic Income Studies, De Gruyter, vol. 6(1), pages 1-18, October.
    • Handle: RePEc:bpj:bistud:v:6:y:2011:i:1:n:4
    DOI: 10.2202/1932-0183.1209
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    References listed on IDEAS

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    1. Gordon L Clark & Ashby H B Monk, 2010. "The Legitimacy and Governance of Norway's Sovereign Wealth Fund: The Ethics of Global Investment," Environment and Planning A, , vol. 42(7), pages 1723-1738, July.
    2. Karl Widerquist & Michael W. Howard (ed.), 2012. "Exporting the Alaska Model," Exploring the Basic Income Guarantee, Palgrave Macmillan, number 978-1-137-03165-5, March.
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