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Unconditional basic income : who gets it? Who pays for it? A social accounting approach to distribution

2019-12-30Artigo científico Acesso aberto
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dc.contributor.authorReich, Utz Peter
dc.contributor.authorSantos, Susana
dc.date.accessioned2020-02-26T09:47:52Z
dc.date.available2020-02-26T09:47:52Z
dc.date.issued2019-12-30
dc.descriptionThis article was prepared for the 35th IARIW General Conference (Copenhagen - Denmark, 20-25/8/2018) and is a version of the Munich Personal RePEc Archive Paper No. 88611 - http://hdl.handle.net/10400.5/15959pt_PT
dc.description.abstractUnconditional basic income is not a new topic in political economy, and it gains new momentum as more and more research is being devoted to it. The discussion focusses on the adequacy and effects such a policy measure may entail for a person and his socio-economic situation, usually. Object of investigation is the individual, and the corresponding theory is of microeconomic descent. In this paper, in contrast, we develop a method of how to assess feasibility and consequences of an unconditional basic income for a modern, open economy, on the macroeconomic level, using concepts and statistics of a Social Accounting Matrix (SAM) as our main tool. A SAM-based approach can measure, and perhaps model, the impact on the economic activity of a country, and on its economic institutions of new policy measures such as introducing an unconditional basic income. The economic activity of a country is expressed in monetary flows as registered in the National Accounts. So their underlying principles and definitions are adopted. However, the habitual way of putting an economy into a sequence of institutional accounts connecting each institution’s income to the cost, - similar to business accounting - reveals only one, namely the inner-institutional half of the economic circuit. The other, outer half, namely, how the costs of one institution generate income for another one is better captured by the format of a Social Accounting Matrix. In the paper, the impact of an unconditional basic income is quantified, for macroeconomic aggregates of institutional sectors and socio economic groups of households, taking the German and the Portuguese economies as examples. Purpose of the paper is not to argue for, or against, an unconditional basic income, but to offer a scientific tool with which to calculate and assess possibilities and consequences of the proposal, for a national economy as a whole.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationReich, Utz Peter e Susana Santos (2019). "Unconditional basic income : who gets it? Who pays for it? A social accounting approach to distribution". Journal of Applied Economic Sciences, 66:931-952pt_PT
dc.identifier.doi10.14505/jaes.v14.4(66).01pt_PT
dc.identifier.issn2393-5162
dc.identifier.urihttp://hdl.handle.net/10400.5/19776
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherASERS Publishingpt_PT
dc.subjectsocial accounting matrixpt_PT
dc.subjectunconditional basic incomept_PT
dc.subjectincome distributionpt_PT
dc.titleUnconditional basic income : who gets it? Who pays for it? A social accounting approach to distributionpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.conferencePlaceCraiovapt_PT
oaire.citation.endPage952pt_PT
oaire.citation.issue66pt_PT
oaire.citation.startPage931pt_PT
oaire.citation.titleJournal of Applied Economic Sciencespt_PT
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT

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