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An Efficiency Argument for the Guaranteed Income

Author

Listed:
  • Karl Widerquist

    (The Jerome Levy Economics Institute)

  • Michael A. Lewis

    (The Jerome Levy Economics Institute)

Abstract

This paper uses what could be called a multi-school approach to poverty policy, asking the following question: Given the many proposed causes for poverty, and the conflicting theories about how potential solutions would work, what conclusions can we draw about policy? This paper concludes that the Guaranteed Income is the most efficient and comprehensive policy to address poverty.

Suggested Citation

  • Karl Widerquist & Michael A. Lewis, 1998. "An Efficiency Argument for the Guaranteed Income," Macroeconomics 9802005, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:9802005
    Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on PostScript; pages: 47; figures: included
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/9802/9802005.pdf
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    References listed on IDEAS

    as
    1. William J. Baumol & Edward N. Wolff, 1996. "Protracted Frictional Unemployment as a Heavy Cost of Technical Progress," Economics Working Paper Archive wp_179, Levy Economics Institute.
    2. Marlene Kim, 1997. "The Working Poor: Lousy Jobs or Lazy Workers?," Macroeconomics 9712002, University Library of Munich, Germany.
    3. Brown, Charles, 1988. "Minimum Wage Laws: Are They Overrated?," Journal of Economic Perspectives, American Economic Association, vol. 2(3), pages 133-145, Summer.
    4. Marlene Kim, 1997. "The Working Poor: Lousy Jobs or Lazy Workers?," Economics Working Paper Archive wp_194, Levy Economics Institute.
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    Cited by:

    1. Karl Widerquist, 1999. "Reciprocity and the Guaranteed Income," Politics & Society, , vol. 27(3), pages 387-402, September.
    2. Steven Pressman, 2005. "Income Guarantees and the Equity-Efficiency Tradeoff," LIS Working papers 348, LIS Cross-National Data Center in Luxembourg.
    3. 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.
    4. Murray, Michael, 2013. "Economic Democracy," MPRA Paper 49755, University Library of Munich, Germany.
    5. Yunker James A., 2013. "The Basic Income Guarantee: A General Equilibrium Evaluation," Basic Income Studies, De Gruyter, vol. 8(2), pages 203-233, December.
    6. Harvey Philip, 2012. "More for Less: The Job Guarantee Strategy," Basic Income Studies, De Gruyter, vol. 7(2), pages 3-18, January.

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    JEL classification:

    • E - Macroeconomics and Monetary Economics

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