Macroeconomic Observations on Paying for and Funding Universal Basic Income

Sawyer Malcolm ()
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Sawyer Malcolm: Economics Division, 4468 University of Leeds , Leeds, West Yorkshire, UK

Basic Income Studies, 2024, vol. 19, issue 2, 227-252

Abstract: The paper undertakes macroeconomic analysis of Universal Basic Income (UBI). It focuses on issues of paying for and the funding of universal basic income. A number of proposals are examined and the limitations of borrowing and money creation for the funding of UBI are indicated. It is generally argued that funding of UBI should be examined in terms of funding through taxation. The effects of UBI on employment and national output and the macroeconomic limits on the scale on UBI in terms of work force participation and tax rates are investigated.

Keywords: universal basic income; budget deficits; money; full employment (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1515/bis-2023-0032

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