Universal Basic Income And The Alaska Permanent Fund

Contributors discuss the Alaska Permanent Fund (APF) and Permanent Fund Dividend (PFD) as a model both for resource policy and for social policy. This book explores whether other states, nations, or regions would benefit from an Alaskan-style dividend. The book also looks at possible ways that the model might be altered and improved.

To analyze the effects of universal basic income on labor supply and human capital, I estimate the effects of Alaska’s Permanent Fund on employment, hours worked, and skills using data from the Current Population Survey and O*NET. My method combines synthetic control and difference-in-differences regressions.

This timely book examines how the "Alaska model" can be adapted for use elsewhere, examining issues of implementation and showing that this model can be employed even in resource-poor areas in the industrialized and in the industrializing world.

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.

Universal basic income is a controversial policy which is causing a stir amongst academics, politicians, journalists and policy-makers all over the world. The idea of receiving ‘money for nothing’, with no strings attached, has for a long time appeared a crazy or radical proposal. But today, this policy is being put into practice. With more and more trials and experiments taking place in different countries, this book provides both the theory and context for making sense of different basic income approaches, examining how the policy can be best implemented. Unlike many other texts written on this topic, the book provides a balanced account of basic income, weighing up the pros and cons from a number of different positions. The book provides a theory chapter, enabling readers to grasp some of the complex philosophical ideas and concepts which underpin universal basic income, such as social justice, equality and freedom. It also provides an examples chapter, which examines both historical and contemporary basic income studies to have taken place from around the globe. The book also features chapters on the environment and the work of women, as well as an ‘against’ universal basic income chapter, which specifically draws on the criticisms of the policy. This volume is an essential resource for anyone who wishes to get to grips with universal basic income.

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 35. Chapters: Alaska Permanent Fund, Andre Gorz, Basic Income Earth Network, Basic income guarantee, Basic income in Brazil, Basic income in the Netherlands, Citizen's dividend, Eduardo Suplicy, Guaranteed minimum income, Harry Dahms, Iranian targeted subsidy plan, List of basic income models, Mincome, Negative income tax, Omitara, Philippe Van Parijs, Pirate Party Germany, Real freedom, Social dividend, Steven Pressman (economist), The Basic Income (movie), Vivant, Working poor. Excerpt: The Iranian targeted subsidy plan (Persian: ) also known as the subsidy reform plan was passed by the Iranian Parliament on January 5, 2010. The government has described the subsidy plan as the "biggest surgery" to the nation's economy in half a century and "one of the most important undertakings in Iran's recent economic history." The goal of the subsidy reform plan is to replace subsidies on food and energy (80% of total) with targeted social assistance, in accordance with Five Year Economic Development Plan and move towards free market prices in a 5-year period. The subsidy reform plan is the most important part of a broader Iranian economic reform plan. According to the government, approximately $100 billion per year is spent on subsidizing energy prices ($45 billion for the prices of fuel alone) and many consumable goods including bread, sugar, rice, cooking oil and medicine. However, some experts believe direct subsidies are about $30 billion, depending on oil prices. The subsidy system has been inherited from the Iran-Iraq war era but was never abolished. Iran is one of the largest gasoline consumers in the world, ranking second behind the United States in consumption per car. The government subsidy reform has been years in the making for various reasons. Iran's Supreme Leader has backed the government's latest subsidy reform plan....

Peter Barnes argues that because of globalization, automation, and winner-take-all capitalism, there won’t be enough high-paying jobs to sustain America’s middle class in the future. Therefore, to survive economically, our middle class needs—and deserves—a supplementary source of nonlabor income. To meet this need, Barnes proposes to give every American a share of the wealth we own together— starting with our air and financial infrastructure. These shares would pay dividends of several thousand dollars per year—money that wouldn’t be welfare or wealth redistribution but legitimate property income.

From Finland to Kenya to Stockton, California, more and more governments and private philanthropic organizations are putting the idea of a Universal Basic Income to the test. But can the reality live up to the hype? The motivating idea of a Universal Basic Income (UBI) is radically simple: give people cash and let them do whatever they want with it. But does this simple idea have the potential to radically transform our society? Is a UBI the ultimate solution to the problem of poverty? Is it the solution to automation-induced unemployment? Can it help solve gender and racial inequality? This book provides the average citizen with all the information they need to understand current debates about the UBI. It recounts the history of the idea, from its origins in the writings of 18th century radical intellectuals to contemporary discussions centered on unemployment caused by technological advances such as artificial intelligence. It discusses current pilot programs in the United States and around the world, including how much (or little) we can learn from such experiments about how a large-scale UBI would fare in the real world. It explores both the promises and pitfalls of a UBI, taking seriously the arguments of both supporters and detractors. It also explains why the UBI has attracted supporters from all across the ideological spectrum--from conservatives to liberals, libertarians to socialists--and what the implications of this fact are for its political future. How much would a UBI cost? Who would be eligible to receive it? Would it discourage work? Would people squander it on drugs and alcohol? Would it contribute to inflation? And how is it different from existing social welfare programs? This book provides an objective, expert guide to these questions and more, and is essential reading for anyone seeking to understand what could be the 21st century's most important public policy debate.

Abstract: Starting in 1982, the Alaska Permanent Fund Dividend allows each full-time resident in Alaska, including infants born in the qualifying year, to receive a sizable dividend. This dividend, which represents a form of a Universal Basic Income on a small scale, could alter incentives surrounding fertility. Using synthetic control and difference-in-differences models to account for confounding factors and unobserved heterogeneity, we model the effect of income on fertility by exploiting this income shock around 1982 using Natality files from Vital Statistics and abortion data from the Centers for Disease Control, merged with data from the Census on various state characteristics. Primary results suggest that the dividend increased fertility and reduced the spacing between births, particularly for females in the 20-44 year age group. Our results suggest that policies aimed at increasing income should consider fertility consequences and their implications for economic growth

Discover the Future of Financial Security in an AI-Driven World In an era marked by rapid technological advancement and an uncertain economic landscape, Free Money with SSI and UBI For All emerges as a beacon of hope, offering a thorough exploration into how Universal Basic Income (UBI) could serve as a modern-day answer to Social Security and the looming crisis of AI-induced unemployment. This visionary book delves deep into the heart of economic security, advocating for a radical shift in how we perceive work, value, and human dignity in the face of automation. The Rise of Automation and AI takes you through a captivating journey into the history of job displacement, revealing insights into how AI and automation could shape our future livelihoods. This section sets a compelling stage, illustrating the inevitable push towards a world where jobs as we know them are fundamentally transformed. Transitioning seamlessly into an insightful analysis, Understanding Social Security Income (SSI) and From SSI to UBI: The Evolution of Economic Security, this book not only presents a stark critique of the current system but also lays down the foundational principles of UBI, advocating for its potential to redefine economic security and equity. In the heart of the book, Exploring Universal Basic Income, readers are treated to a comprehensive breakdown of what UBI is, its various models, and the economic viability of such a radical proposal. Through engaging discussions and international case studies, including Finland and Alaska, the book presents compelling evidence of UBI's positive impacts on economies and societies. Moreover, Free Money with SSI and UBI For All does not shy away from the complexities and challenges inherent in UBI implementation. Through an in-depth look into The Economic and Social Impact of UBI, and critical analysis in Overcoming Challenges to UBI Implementation, the book provides a balanced view, addressing common criticisms and concerns head-on. This landmark book concludes by envisioning a future where UBI acts as a new form of social security for the 21st century, offering a roadmap for navigating the seismic changes brought forth by automation and AI. By the end, you'll be equipped with a profound understanding of how UBI could offer a solution to emerging economic challenges, reshaping our social fabric for the better. If you're intrigued by the promise and challenges of universal basic income in our rapidly evolving world, Free Money with SSI and UBI For All is an essential read, offering a comprehensive and thought-provoking vision of the future of financial security.