Consumption Smoothing with Basic Income: The Role of Administrative Loans

Richard Denniss and Tom Swann

Chapter Chapter 6 in Basic Income in Australia and New Zealand, 2016, pp 115-132 from Palgrave Macmillan

Abstract: Abstract Concerns about social and economic impacts of recent austerity policies have reinvigorated debates about a “basic income” (BI). BI is a transfer payment given to all without conditions of labor sufficient for a certain reasonable standard of living. The long-running BI debate, however, has tended to overlook an important but related issue: the need for low-cost credit options to those on low incomes. A wide range of arguments have been offered in favor of BI. As Standing (2008, p. 1) suggests, a BI helps in “combatting poverty and economic insecurity,” by promoting job-searching and skills development. A more radical recent argument by Monnier and Vercellone (2014) sees BI in terms of being attached to social rights. This is highlighted in their statement, BI as the “counterpart to social labor that is not remunerated today,” and hence not welfare but “a new universal and unconditional right” (Monnier & Vercellone, 2014, pp. 60–61).

Keywords: Australian Government; Welfare Recipient; Basic Income; Consumption Smoothing; Small Loan (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:etbchp:978-1-137-53532-0_6

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DOI: 10.1057/9781137535320_6

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