UNIVERSAL BASIC INCOME AND UNIVERSAL BASIC ASSETS AS POSSIBLE SOLUTIONS TO THE CURRENT DISEQUILIBRIA AND THREATS MANIFESTED IN THE LABOR MARKETS

Florin Bonciu

Romanian Economic Business Review, 2019, vol. 14, issue 4, 1-16

Abstract: The paper studies the current state of research and experimentation with new approaches (Universal Basic Income and Universal Basic Assets) for providing basic revenues for whole populations as a possible solution to the issues generated by globalization and by the disruptive impact of the fourth industrial revolution on the labor market. The paper reflects the fact that as of 2017-2018 these new approaches have already been seriously taken into consideration by international organizations (IMF, OECD, European Union), while many countries already experiment with their implementation. The conclusion of the paper is that the large scale adoption of such approaches is very likely to happen in the medium to long term future, while their effectiveness will depend a lot on the existence of new social economic models characterized by largely accepted certain ethical values and norms.

Keywords: universal basic income; labor market; inequality (search for similar items in EconPapers)
Date: 2019
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