↳ Guaranteed+income

January 17th, 2020

↳ Guaranteed+income

UBI & the City

A new working paper models the effects of a basic income in New York City

Skeptics of guaranteed income tend to worry about the policy’s inflationary effects; absent rent regulation, for instance, one might expect housing costs to rise in proportion to the increase in disposable income generated by the policy. A new JFI-supported working paper presents the first attempt to model a UBI’s general equilibrium effects at the city level. In “Universal Basic Income and the City,” Khalil Esmkhani, Jack Favilukis and Stijn Van Nieuwerburgh explore the effects of a guaranteed income policy implemented at the city-level in New York City. They find that, when financed through a progressive income tax, a UBI increases general welfare and, perhaps most surprisingly, does not lead to housing market inflation. Their research sheds new light on the possible inflationary effects of basic income policies. It also suggests that the method used to finance a UBI has significant implications for the policy’s outcomes and characteristics. Though the results are tentative and the authors plan to expand their analysis to examine different scenarios and to perform sensitivity checks, their efforts already represent a major advance in the study cash transfer policy. In what follows, I present an overview of the macroeconomic literature on basic income before turning back to the model, its findings, and the plan for future work.

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May 16th, 2019

Feminist Theory, Gender Inequity, and Basic Income

An interview with Almaz Zelleke

Feminist and women's movements in the mid-20th century developed demands for an unconditional basic income that emerged out of concrete experiences with the welfare state. What can the current discussion around UBI learn from examining this largely sidelined history?

In this conversation with basic income scholar Almaz Zelleke, we look at this history—and examine the reasons for its absence from the dominant intellectual histories of unconditional cash transfers. More broadly, our conversation explores political change and the processes that lead to policy creation. It touches on the movements that have brought basic income into the 2020 election cycle, considers how to focus political will surrounding basic income, and concludes with policy recommendations that will move America incrementally towards an unconditional UBI.

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March 1st, 2019

The Case for an Unconditional Safety Net

Imagine a system where everyone had a right to basic material safety, and could say “no” to abuse and exploitation. Sounds utopian? I argue that it would be quite feasible to get there, and that it would make eminent economic, moral, and political sense.

In my paper, I discuss four sets of arguments why it would make economic, moral, and political sense to transition from the current system of subsidizing low wage work to a system providing an unconditional safety net.

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February 4th, 2019

Cash and Income Studies: A Literature Review of Theory and Evidence

What happens when you give people cash? How do they use the money, and how does it change their lives? Every cash study on this list is different: the studies vary in intervention type, research design, location, size, disbursement amount, and effects measured. The interventions listed here include basic income and proxies--earned income tax credits, negative income tax credits, conditional cash transfers, and unconditional cash transfers. The variety present here prevents us from being able to make broad claims about the effects of universal basic income. But because of its variety, this review provides a sense of the scope of research in the field, capturing what kinds of research designs have been used, and what effects have been estimated, measured, and reported. The review also allows us to draw some revealing distinctions across experimental designs.

If you’re interested in creating a UBI policy, there are roughly three levels of effects (after ODI) that you can examine.

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