Distributional and welfare effects of replacing monetary benefits with Universal Basic Income in Spain

Badenes-Plá, Nuria, Borja Gambau-Suelves and Navas Román, María

No EM8/19, EUROMOD Working Papers from EUROMOD at the Institute for Social and Economic Research

Abstract: This papers quantifies the redistributive effects on progressivity, poverty and welfare, that would occur if the monetary benefits currently in place in the Spanish system were to be replaced by a neutral alternative in terms of spending, granting a universal basic income (UBI) to everyone. We have calculated two scenarios: one in which the benefit system is replaced by a basic income, and another in which retirement pensions are maintained, with the rest of monetary benefits being distributed via a UBI. The simulations are carried out using EUROMOD. The implementation of a UBI, even a very radical one that eliminates the existing benefits system, could be: economically sustainable; as redistributive as the current one; almost as poverty reducing as the one in force (or more in some dimensions), and a generator of greater welfare.

Date: 2019-04-22
New Economics Papers: this item is included in nep-cmp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published

Downloads: (external link)
https://www.iser.essex.ac.uk/wp-content/uploads/fi ... s/euromod/em8-19.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ese:emodwp:em8-19

Access Statistics for this paper

More papers in EUROMOD Working Papers from EUROMOD at the Institute for Social and Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Jonathan Nears ().