Universal Basic Income

Zhenqian Huang
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Zhenqian Huang: Macroeconomic Policy and Financing for Development Division, United Nations Economic and Social Commission for Asia and the Pacific

No PB66, MPDD Policy Briefs from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: Universal basic income (UBI) is a form of social security that offers periodic cash payments to all individuals in a country, universally and unconditionally. This is not a new idea. Many OECD countries provide non-contributory, nonmeans-tested benefits, although only for certain groups (mainly children or pensioners). No country has made UBI the central pillar of its social security system. UBI has received increasing attention recently due to concerns on rising inequality, atypical forms of education and fears of potential massive job losses due to automation.

Date: 2018
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