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What Happens to the Permanent Fund Dividend and the Rest of Alaska’s Unique Fiscal System as Oil Production Continues to Fall?

In: Exporting the Alaska Model

Author

Listed:
  • Cliff Groh

Abstract

The Permanent Fund Dividend (PFD) is the most unusual element of Alaska’s unique fiscal system. That system will confront special challenges as a government and economy organized around oil production face both fluctuations in the price of oil and a continuing fall in oil production in Alaska. Despite the popularity of dividends and the aversion to broad-based taxes in Alaska, the state’s fiscal structure will be difficult to maintain, particularly as Alaska’s oil production continues its decline from a peak reached more than 20 years ago.

Suggested Citation

  • Cliff Groh, 2012. "What Happens to the Permanent Fund Dividend and the Rest of Alaska’s Unique Fiscal System as Oil Production Continues to Fall?," Exploring the Basic Income Guarantee, in: Karl Widerquist & Michael W. Howard (ed.), Exporting the Alaska Model, chapter 0, pages 65-82, Palgrave Macmillan.
  • Handle: RePEc:pal:etbchp:978-1-137-03165-5_5
    DOI: 10.1057/9781137031655_5
    as

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