Alaska’s Permanent Fund Dividend as a Model for Reducing Global Poverty

Paul Segal

Chapter Chapter 7 in Exporting the Alaska Model, 2012, pp 109-122 from Palgrave Macmillan

Abstract: Abstract The Alaska Permanent Fund has provided citizens of Alaska with a secure, though variable, source of cash since the first $1,000 Permanent Fund Dividend check in 1982. While the dividend has never been intended as a poverty reduction measure, such an egalitarian payment cannot help but reduce poverty. It may partly explain the fact that in 2007, before the global crisis, Alaska had the joint second lowest poverty rate of all the states of the United States, despite having only the 19th highest per capita personal income.1 Drawing on my earlier work,2 this chapter considers the extent to which a similar model of resource distribution in developing countries could contribute to reducing global poverty.

Keywords: Poverty Line; Poverty Reduction; Commodity Price; Cash Payment; Resource Rent (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:etbchp:978-1-137-03165-5_7

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DOI: 10.1057/9781137031655_7

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