Martin Sandbu, “Free lunch: basic welfare policy”
In this article, Martin Sandbu compares basic income to UK’s Universal Credit (UC), a policy introduced in the United Kingdom by Duncan Smith, the Conservative Party politician who recently resigned as Secretary of State for Work and Pensions.
Although UC implementation has been a “disaster,” according to the article, it does have some similarities with basic income — the most striking of which is the attempt to promote work incentives by reducing or eliminating the withdrawal of benefits as recipient’s earnings increase, in contrast to many traditional welfare programs. And this, according to Sandbu, is “exactly the right direction”.
More information at:
Martin Sandbu, “Free lunch: basic welfare policy“, Financial Times, 29th March 2016