Evaluation of a Recovery Basic Income, and of a sustainable revenue neutral Citizenâ€™s Basic Income, with an appendix relating to different Universal Credit roll-out scenarios
No EM7/20, EUROMOD Working Papers from EUROMOD at the Institute for Social and Economic Research
A Citizenâ€™s Basic Income, sometimes called a Basic Income, a Universal Basic Income, or a Citizenâ€™s Income, is an unconditional and nonwithdrawable income paid to every individual. There have been calls during the coronavirus crisis for both an Emergency Basic Income (an immediate Basic Income to protect individualsâ€™ incomes) and for a Recovery Basic Income (a Basic Income to be implemented with a view to preventing a recession once the virus outbreak begins to subside), and also for a permanent Citizenâ€™s Basic Income scheme. This working paper summarises the results of microsimulation research on a Recovery Basic Income and on a subsequent sustainable revenue neutral Citizenâ€™s Basic Income. An appendix studies the implementation of a Citizenâ€™s Basic Income scheme in the context of different Universal Credit roll-out assumptions.
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