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Keywords:universal basic income OR Universal basic income 

Working Paper
Universal Basic Income versus Unemployment Insurance

In this paper we compare the welfare effects of unemployment insurance (UI) with an universal basic income (UBI) system in an economy with idiosyncratic shocks to employment. Both policies provide a safety net in the face of idiosyncratic shocks. While the unemployment insurance program should do a better job at protecting the unemployed, it suffers from moral hazard and substantial monitoring costs, which may threaten its usefulness. The universal basic income, which is simpler to manage and immune to moral hazard, may represent an interesting alternative in this context. We work within a ...
Working Papers , Paper 2014-47

Journal Article
The Resurgence of Universal Basic Income

Concerns about the effects of automation have brought an old policy proposal back into the limelight
Econ Focus , Issue 3Q , Pages 16-19

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