The Relative Cost of a Universal Basic Income and a Negative Income Tax

@article{Harvey2006TheRC,
  title={The Relative Cost of a Universal Basic Income and a Negative Income Tax},
  author={P. Harvey},
  journal={Basic Income Studies},
  year={2006},
  volume={1}
}
  • P. Harvey
  • Published 2006
  • Economics
  • Basic Income Studies
The cost of a negative income tax (NIT) designed to mimic the redistributive effects of a universal basic income (UBI) and set at a level sufficient to eliminate official poverty in the US is estimated using income distribution data for 2002. It is estimated that an NIT satisfying these conditions would have required an $826 billion increase in government spending in 2002, compared to a $1.69 trillion increase for an equivalent UBI. Despite this cost difference, the income and substitution… Expand
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