A Review on Basic Income: A Radical Proposal for a Free Society and a Sane Economy by Philippe Van Parijs and Yannick Vanderborght

In order to clarify the potential impact of a basic income, we argue that any discussion on whether to adopt a basic income policy should be framed within the greater context of the transfer system as a whole. In particular, such discussion should consider separately the issues of (i) the desired in...

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Bibliographic Details
Published in:Journal of economic literature 2019-09, Vol.57 (3), p.644-658
Main Authors: Calsamiglia, Caterina, Flamand, Sabine
Format: Article
Language:English
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Summary:In order to clarify the potential impact of a basic income, we argue that any discussion on whether to adopt a basic income policy should be framed within the greater context of the transfer system as a whole. In particular, such discussion should consider separately the issues of (i) the desired income distribution to be achieved and (ii) the most efficient way of achieving it through a transfer system. Further, we stress the importance of the non-take-up phenomenon in current transfer systems and discuss the potential necessity of a basic income policy in the age of automation.
ISSN:0022-0515
2328-8175
DOI:10.1257/jel.20181476