Basic Income – With or Without Bismarckian
Social Insurance?
Andreas Bergh A bst r act We model a welfare st at e wit h only basic income, a welfare st at e wit h basic income and Bismarckian social insurance, a pure market out come and an informal sect or. Using t hese models we st udy under what circum- st ances a syst em wit h basic income is economically feasible and support ed by a majority. We conclude t hat t here are reasonable circumst ances under which a t he combinat ion of basic income and […]
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