Universal Basic Income in Developing Countries: Issues, Options, and Illustration for India PDF Download

Author: Mr.David Coady
Publisher: International Monetary Fund
ISBN: 148437004X
Category : Business & Economics
Languages : en
Pages : 20

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Book Description
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 discusses the trade-offs that need to be recognized in adopting a UBI in these contexts. It shows that replacing the 2011 Public Distribution System (PDS) with a UBI results in losses for many low-income households, although much of this can be reduced by recycling the “out-of-system” PDS losses and the fiscal savings from excluding the highest-income groups as higher UBI transfers. In contrast, replacing inefficient energy subsidies—raising energy prices to efficient levels to internalize the negative environmental externalities of energy consumption—could simultaneously deliver unambiguous distributional gains, help address fiscal pressures, and improve energy efficiency with associated environmental and health gains. Implementing such reforms would, of course, require careful communication and implementation to address political barriers to reform.

Author: Ugo Gentilini
Publisher: World Bank Publications
ISBN: 1464815119
Category : Political Science
Languages : en
Pages : 307

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Book Description
Universal basic income (UBI) is emerging as one of the most hotly debated issues in development and social protection policy. But what are the features of UBI? What is it meant to achieve? How do we know, and what don’t we know, about its performance? What does it take to implement it in practice? Drawing from global evidence, literature, and survey data, this volume provides a framework to elucidate issues and trade-offs in UBI with a view to help inform choices around its appropriateness and feasibility in different contexts. Specifically, the book examines how UBI differs from or complements other social assistance programs in terms of objectives, coverage, incidence, adequacy, incentives, effects on poverty and inequality, financing, political economy, and implementation. It also reviews past and current country experiences, surveys the full range of existing policy proposals, provides original results from micro†“tax benefit simulations, and sets out a range of considerations around the analytics and practice of UBI.

Author: Maura Francese
Publisher: International Monetary Fund
ISBN: 148438881X
Category : Business & Economics
Languages : en
Pages : 24

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Book Description
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 regard to the policy objectives (shaped by social preferences) it is designed to achieve. Key design dimensions to be considered include: coverage, generosity of the program, overall progressivity of the policy, and its financing.

Author: Mr.David Coady
Publisher: International Monetary Fund
ISBN: 1484371933
Category : Business & Economics
Languages : en
Pages : 20

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Book Description
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 discusses the trade-offs that need to be recognized in adopting a UBI in these contexts. It shows that replacing the 2011 Public Distribution System (PDS) with a UBI results in losses for many low-income households, although much of this can be reduced by recycling the “out-of-system” PDS losses and the fiscal savings from excluding the highest-income groups as higher UBI transfers. In contrast, replacing inefficient energy subsidies—raising energy prices to efficient levels to internalize the negative environmental externalities of energy consumption—could simultaneously deliver unambiguous distributional gains, help address fiscal pressures, and improve energy efficiency with associated environmental and health gains. Implementing such reforms would, of course, require careful communication and implementation to address political barriers to reform.

Author: Pedro Cavalcanti Ferreira
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description

Author: Saksham Khosla
Publisher:
ISBN:
Category : Economic security
Languages : en
Pages : 84

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Book Description
The idea of a universal basic income (UBI)—periodic and unconditional cash payments to all citizens—has gained renewed attention amid growing concerns about technological unemployment in advanced economies. More recently, economists have made the case for a UBI in the developing world, where cash transfers distributed to all citizens, rich and poor, may cut through layers of red tape and lead to outsize gains in poverty reduction. In India, a rapid expansion of direct cash transfers linked to the national biometric database and small basic income experiments have galvanized an extensive debate on a UBI.

Author: Lansley, Stewart
Publisher: Policy Press
ISBN: 1447343905
Category : Political Science
Languages : en
Pages : 256

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Book Description
Is a Universal Basic Income the answer to an increasingly precarious job landscape? Could it bring greater financial freedom for women, tackle the issue of unpaid but essential work, cut poverty and promote greater choice? Or is it a dead-end utopian ideal that distracts from more practical and cost-effective solutions? Contributors from musician Brian Eno, think tank Demos Helsinki, innovators such as California’s Y Combinator Research and prominent academics such as Peter Beresford OBE offer a variety of perspectives from across the globe on the politics and feasibility of basic income. Sharing research and insights from a variety of nations – including India, Finland, Uganda, Brazil and Canada - the collection provides a comprehensive guide to the impact this innovative idea could have on work, welfare and inequality in the 21st century.

Author: Priyanshu Tiwari
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This paper introduces the idea proposed for the Universal Basic Income (UBI) for countries which are at their emerging state. Is it necessary for developing countries to provide for everyone financially? In recent years, this topic has received perceived notions amid growing concerns about COVID-19, and other tragedies including ones related to technology which has led to unemployment in mass. UBI has its supporters just as rivals and each side make them force hypothetical contentions with respect to its usefulness (why UBI will or won't work).

Author: Mr.David Coady
Publisher: International Monetary Fund
ISBN: 1513547046
Category : Business & Economics
Languages : en
Pages : 27

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Book Description
There is a growing debate on the relative merits of universal and targeted social assistance transfers in achieving income redistribution objectives. While the benefits of targeting are clear, i.e., a larger poverty impact for a given transfer budget or lower fiscal cost for a given poverty impact, in practice targeting also comes with various costs, including incentive, administrative, social and political costs. The appropriate balance between targeted and universal transfers will therefore depend on how countries decide to trade-off these costs and benefits as well as on the potential for redistribution through taxes. This paper discusses the trade-offs that arise in different country contexts and the potential for strengthening fiscal redistribution in advanced and developing countries, including through expanding transfer coverage and progressive tax financing.

Author: Shortcut Edition
Publisher: Shortcut Edition
ISBN:
Category : Business & Economics
Languages : en
Pages : 34

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Book Description
* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. As you read this summary, you will discover that a basic universal income is not as utopian as it sounds. You will also discover : that the idea of a universal income is 2,000 years old; that it is better to give money than bags of rice to fight poverty; that all jobs could be given to robots in the surprisingly near future; that a basic universal income can boost the labor market and entrepreneurship; how to easily finance this universal basic income at seemingly insane cost. The Universal Basic Income is currently gaining momentum. Promoted in the United States by personalities as diverse as Silicon Valley tycoons, Hillary Clinton and the Black Lives Matter movement, it was the subject of a referendum in Switzerland in 2016. Dozens of experiments are underway around the world, in both developed and developing countries. The idea is simple: periodically give all members of a community (country, region, city) a certain amount of money. This is called "basic," because it is not enough to live well, but covers basic needs - a room in shared accommodation, three meals a day, and travel by public transportation. And it is not conditional on any criteria of income, employment or family status. What would you do if you received a check for 1,000 euros every month? *Buy now the summary of this book for the modest price of a cup of coffee!