India needs a minimum income guarantee post-pandemic: the design and the cost

Santosh Mehrotra, Rakesh Ranjan Kumar () and Anjana Rajagopalan
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Santosh Mehrotra: IZA Institute of Labour Economics
Rakesh Ranjan Kumar: JK Lakshmipat University
Anjana Rajagopalan: The International Institute of Migration & Development

Journal of Social and Economic Development, 2024, vol. 26, issue 1, No 1, 25 pages

Abstract: Abstract Amidst increasing joblessness and indebtedness presented by employment and debt surveys, a minimum standard of living for India’s poor is under threat. The exogenous shock of COVID-19 to the incomes of the poor has made the case for a minimum income guarantee urgent. Recent schemes inspired by universal basic income (UBI) debates have gathered momentum. Rather than a quasi-UBI doing away with existing developmental programmes, this paper makes a case for and presents the design of a better method of targeting transfers as a supplement to income from livelihoods, keeping fiscal and labour market outcomes in mind.

Keywords: Universal Basic Income; Conditional Cash Transfer; Minimum Income Guarantee (search for similar items in EconPapers)
JEL-codes: D60 E21 E61 I32 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s40847-023-00261-0

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