Full Citation

Title: Universal Basic Income (UBI) as a Policy Response to Current Challenges

Citation Type: Miscellaneous

Publication Year: 2019

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Abstract: We briefly review the main motivations behind recent calls for a Universal Basic Income (UBI) in the United States and the main features of some current UBI proposals. We then argue that a UBI would be extremely expensive and yet do very little to reduce inequality or advance opportunity and social mobility. We argue that instead of a UBI, the federal government should pursue a pro-work strategy of income support, paying wage subsidies to low-wage workers along with targeted transfer benefits consisting of both cash and near-cash types of support paid to the most needy individuals and households.

Url: https://www.econ.umd.edu/sites/www.econ.umd.edu/files/pubs/UBI-ESG Memo 082319_final.pdf

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Authors: Kearney, Melissa S; Mogstad, Magne

Publisher: The Aspen Institute

Data Collections: IPUMS USA

Topics: Other, Population Mobility and Spatial Demography, Poverty and Welfare

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