CEA nixes the idea but more studies are needed to examine if a universal basic income incentivises working less
A UBI or quasi-UBRI scheme has considerable appeal among economic reformers who prefer a minimalist State, as it represents a possible alternative to various social welfare programmes that are not effective in bringing down poverty levels. Whether or not to provide a universal basic income (UBI)—a sum of money provided by the State to all citizens to take care of the bare necessities of life—is an idea that does not appear to go away. If an earlier chief economic […]
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