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The Alaska Model: A Republican Perspective

In: Alaska’s Permanent Fund Dividend

Author

Listed:
  • David Casassas
  • Jurgen Wispelaere

Abstract

Since 1982, each Alaskan has received an equal share of the returns to the Alaska Permanent Fund (APF), a publicly owned investment portfolio funded by the state’s oil revenue. These returns come in the form of a Permanent Fund Dividend (PFD) allocating an annual grant of roughly $1,200 to each man, woman, and child who meets the residency requirement.2 The PFD is the sole example of a large-scale economic policy combining resource taxation—effectively transforming a depleting natural resource into a “sovereign wealth fund”—with the individual and unconditional distribution of (part of) the revenue stream to all resident shareholders. We call this the Alaska model.

Suggested Citation

  • David Casassas & Jurgen Wispelaere, 2012. "The Alaska Model: A Republican Perspective," Exploring the Basic Income Guarantee, in: Karl Widerquist & Michael W. Howard (ed.), Alaska’s Permanent Fund Dividend, chapter 0, pages 169-188, Palgrave Macmillan.
    • Handle: RePEc:pal:etbchp:978-1-137-01502-0_12
    DOI: 10.1057/9781137015020_12
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    Cited by:

    1. Fischer Yannick, 2020. "Basic Income, Labour Automation and Migration – An Approach from a Republican Perspective," Basic Income Studies, De Gruyter, vol. 15(2), pages 1-034, December.
    2. Jiaqi Yang & Geetha Mohan & Supriya Pipil & Kensuke Fukushi, 2021. "Review on basic income (BI): its theories and empirical cases," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 23(2), pages 203-239, December.

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