QUANTITATIVE IMPACTS OF BASIC INCOME GRANT ON INCOME DISTRIBUTION IN COTE D’IVOIRE: TIME TO CHANGE OUR SOCIETIES

Bedia François Aka

Revista Galega de Economía, 2016, vol. 25, issue 1, 159-170

Abstract: This paper tries to engage the economic and political debate around the proposition of a basic income grant (BIG) in Côte d’Ivoire. We simulate the economic wide and distributional impact of a universal basic income grant (BIG) in Cote d’Ivoire. How the BIG is financed is investigated. We use a microsimulated computable general equilibrium (CGE) model to analyze the effects of a universal basic income grant on the economy and on households. The model is performed using a Côte d’Ivoire’s 2003 social accounting matrix (SAM) based on the 1998 household survey composed of 4,200 households, and 2003 national accounts data. The paper uses a value added tax (VAT) financing approach to provide a reasonable feasible scenario, as we are all consumers. The results suggest that the macroeconomic impacts of the basic income grant are a powerful social protection tool in fighting poverty and inequality towards a welfare state.

Keywords: Basic income; Fiscal policy; Poverty; Inequality; Welfare; Micro-simulated CGE. (search for similar items in EconPapers)
JEL-codes: C68 D31 H55 I32 I38 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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