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Universal Basic Income: Debate and Impact Assessment

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  • Maura Francese
  • Delphine Prady

Abstract

This paper discusses the definition and modelling of a universal basic income (UBI). After clarifying the debate about what a UBI is and presenting the arguments in favor and against, an analytical approach for its assessment is proposed. The adoption of a UBI as a policy tool is discussed with regard to the policy objectives (shaped by social preferences) it is designed to achieve. Key design dimensions to be considered include: coverage, generosity of the program, overall progressivity of the policy, and its financing.

Suggested Citation

  • Maura Francese & Delphine Prady, 2018. "Universal Basic Income: Debate and Impact Assessment," IMF Working Papers 2018/273, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2018/273
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    Cited by:

    1. Giuseppe Ferrero & Massimiliano Pisani & Martino Tasso, 2022. "Policy Mix During a Pandemic Crisis: A Review of the Debate on Monetary and Fiscal Responses and the Legacy for the Future," Springer Proceedings in Business and Economics, in: Luigi Paganetto (ed.), Economic Challenges for Europe After the Pandemic, pages 267-320, Springer.
    2. Enrico Nichelatti & Maria Jouste & Pia Rattenhuber, 2024. "The potential of universal basic income schemes to mitigate shocks: Comparing the performance of universal basic income in Uganda and Zambia during COVID-19," WIDER Working Paper Series wp-2024-21, World Institute for Development Economic Research (UNU-WIDER).
    3. Coady, David & Prady, Delphine, 2019. "Universal income in developing countries: Issues, options, and illustration for India," World Development Perspectives, Elsevier, vol. 16(C).
    4. Richiardi, Matteo, 2022. "A basic income for France: ideas for a debate," Centre for Microsimulation and Policy Analysis Working Paper Series CEMPA6/22, Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research.
    5. Jose Cuesta & Julieth Pico, 2020. "The Gendered Poverty Effects of the COVID-19 Pandemic in Colombia," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(5), pages 1558-1591, December.
    6. Caamal-Olvera, Cinthya G. & Huesca, Luis & Llamas, Linda, 2022. "Universal basic income: A feasible alternative to move people out of poverty in Mexico?," Journal of Policy Modeling, Elsevier, vol. 44(5), pages 1077-1093.

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    Keywords

    WP; UBI; income; cost; program;
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