What are the consequences of a nationwide reform of a transfer system based on means-testing toward one of unconditional transfers? I answer this question with a quantitative model to assess the general equilibrium, inequality, and welfare effects of substituting the current US income security...

New IEA research finds a market-oriented anti-poverty policy could lead to families being £750 a month better offExecutive Summary:In the past intellectual movements promoting free trade in particular and a free economy more generally were regarded as having a pro-poor agenda. The current...

One of the most common arguments against universal basic income is the idea that it will cause inflation. In this paper I will review the theoretical interactions between an universal basic income and the price level, as well as emerging empirical price effects from cash transfer programs across...

Many agricultural and environmental technologies require large upfront investments in exchange for longer-term benefits. This time profile of costs and benefits makes adoption particularly sensitive to liquidity and credit constraints, which are prevalent in low-income settings. We test the...

A Basic Income is an equal, regular and unconditional income for every individual of the same age. Following increasing political interest in the idea in Wales, in June 2021 the think tank Autonomy and the Basic Income Conversation (hosted by the think tank Compass) published Piloting a Basic...