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Alaska’s Permanent Fund Dividend as a Model for Reducing Global Poverty

In: Exporting the Alaska Model

Author

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  • Paul Segal

Abstract

The Alaska Permanent Fund has provided citizens of Alaska with a secure, though variable, source of cash since the first $1,000 Permanent Fund Dividend check in 1982. While the dividend has never been intended as a poverty reduction measure, such an egalitarian payment cannot help but reduce poverty. It may partly explain the fact that in 2007, before the global crisis, Alaska had the joint second lowest poverty rate of all the states of the United States, despite having only the 19th highest per capita personal income.1 Drawing on my earlier work,2 this chapter considers the extent to which a similar model of resource distribution in developing countries could contribute to reducing global poverty.

Suggested Citation

  • Paul Segal, 2012. "Alaska’s Permanent Fund Dividend as a Model for Reducing Global Poverty," Exploring the Basic Income Guarantee, in: Karl Widerquist & Michael W. Howard (ed.), Exporting the Alaska Model, chapter 0, pages 109-122, Palgrave Macmillan.
    • Handle: RePEc:pal:etbchp:978-1-137-03165-5_7
    DOI: 10.1057/9781137031655_7
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    Cited by:

    1. Maria S. Tysiachniouk, 2020. "Disentangling Benefit-Sharing Complexities of Oil Extraction on the North Slope of Alaska," Sustainability, MDPI, vol. 12(13), pages 1-31, July.

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