Universal Basic Income : Debate and Impact Assessment

This paper discusses the definition and modelling of a universal basic income (UBI). Afterclarifying 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 isdiscussed with regard to the policy objectives (shaped by social preferences) it is designed toachieve. Key design dimensions to be considered include: coverage, generosity of theprogram, overall progressivity of the policy, and its financing