The Alaska Model: A Republican Perspective

David Casassas and Jurgen Wispelaere

Chapter Chapter 12 in Alaska’s Permanent Fund Dividend, 2012, pp 169-188 from Palgrave Macmillan

Abstract: Abstract Since 1982, each Alaskan has received an equal share of the returns to the Alaska Permanent Fund (APF), a publicly owned investment portfolio funded by the state’s oil revenue. These returns come in the form of a Permanent Fund Dividend (PFD) allocating an annual grant of roughly $1,200 to each man, woman, and child who meets the residency requirement.2 The PFD is the sole example of a large-scale economic policy combining resource taxation—effectively transforming a depleting natural resource into a “sovereign wealth fund”—with the individual and unconditional distribution of (part of) the revenue stream to all resident shareholders. We call this the Alaska model.

Keywords: Equal Share; Basic Income; Sovereign Wealth Fund; Democratic Control; Abject Poverty (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1057/9781137015020_12

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