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Some studies suggest that universal basic income can alleviate poverty, reduce economic inequality, and promote economic growth, while other studies indicate potential negative impacts on economic activity and long-term income stability.
20 papers analyzed
Universal Basic Income (UBI) is a policy proposal that involves providing all citizens with a regular, unconditional sum of money, regardless of other income. The concept has gained traction as a potential solution to various socio-economic challenges, including poverty, inequality, and the impacts of automation on the labor market. This synthesis examines the effectiveness of UBI in terms of economic growth, drawing on insights from multiple research papers.
Poverty Alleviation and Inequality Reduction:
Impact on Labor Market Participation:
Economic Growth and Development:
Feasibility and Implementation:
Regional and Context-Specific Effects:
The effectiveness of Universal Basic Income in terms of economic growth is complex and context-dependent. While UBI shows promise in reducing poverty and inequality without significantly discouraging labor participation, its long-term impact on economic growth is mixed. The success of UBI largely hinges on its design, implementation, and the specific socio-economic context in which it is applied.
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