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Universal basic income : debate and impact assessment

Francese, Maura; Prady, Delphine - 2018

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...

Persistent link: https://www.econbiz.de/10011978577

Unemployment Benefits Versus Conditional Negative Income Taxes

Snower, Dennis J. - 1995

The paper analyzes the wage-employment effects of replacing unemployment benefits by negative income taxes. It first surveys the major equity and efficiency effects of unemployment benefits versus negative income taxes, and summarizes the salient features of many European unemployment benefit...

Persistent link: https://www.econbiz.de/10014397451

Transfers, Social Safety Nets, and Economic Growth

Sala-i-Martin, Xavier - 1996

This paper analyses the role of social safety nets in the form of redistributional transfers and wage subsidies. It is argued that public welfare programs can be viewed as a crime-preventing or disruption-preventing devices because they tend to increase the opportunity cost of engaging in crime...

Persistent link: https://www.econbiz.de/10014398173

Fiscal redistribution and social welfare

Coady, David P.; D'Angelo, Devin; Evans, Brooks - 2019

Fiscal policy is a key tool for achieving distributional objectives in advanced economies. This paper embeds the discussion of fiscal redistribution within the standard social welfare framework, which lends itself to a transparent and practical evaluation of the extent and determinants of fiscal...

Persistent link: https://www.econbiz.de/10012009467

Structural unemployment in Luxembourg : bad luck or rational choice?

Gbohoui, William - 2019

This paper combines both micro and macro approaches to identify the drivers of (un)employment and inactivity in Luxembourg. The young, low-skilled, and non-EU migrants are found to be the most vulnerable groups in the labor market. In addition to skills mismatches, work disincentives embedded in...

Persistent link: https://www.econbiz.de/10012154712

Electoral System and Public Spending

Perotti, Roberto - 2001

We study the effects of electoral institutions on the size and composition of public expenditure in OECD and Latin American countries. We present a model emphasizing the distinction between purchases of goods and services, which are easier to target geographically, and transfers, which are...

Persistent link: https://www.econbiz.de/10014399700

Inequality and Optimal Redistributive Tax and Transfer Policies

Zee, Howell H. - 1999

This paper explores the revenue-raising aspect of progressive taxation and derives, on the basis of a simple model, the optimal degree of tax progressivity where the tax revenue is used exclusively to finance (perfectly) targeted transfers to the poor. The paper shows that not only would it be...

Persistent link: https://www.econbiz.de/10014400295

Universal basic income in developing countries : issues, options, and illustration for India

Coady, David P.; Prady, Delphine - 2018

This paper discusses two common arguments for the adoption of a UBI; that it can be a more effective way of supporting low-income households when existing safety net programs are inefficient, and that it can generate broad support for structural reforms. Using India as an illustration, the paper...

Persistent link: https://www.econbiz.de/10011932559

The Austrian Theory of Business Cycles : Old Lessons for Modern Economic Policy?

Oppers, Stefan Erik - 2002

This paper reviews the ""Austrian"" theory of the business cycle first proposed by Friedrich Hayek in the 1920s. His … theory claimed that credit creation by monetary authorities would push investment beyond society''s long-term willingness to … save, creating a mismatch between supply and demand that would inevitably cause recession. The theory argued, moreover …

Persistent link: https://www.econbiz.de/10014400055

Fiscal Policy During the Demise of Central Planning : The Transition to a Market Economy

Feltenstein, Andrew - 1990

This paper constructs an intertemporal general equilibrium model designed to examine an economy in transition from central planning to being market oriented. A numerical algorithm is developed to obtain a solution for the model. Simulations using stylized country-specific data examine the...

Persistent link: https://www.econbiz.de/10014395891