Salehi-Isfahani details the Iranian subsidy reform of 2010, where they shifted funds usually allocated to energy subsidies totaling around $100 per citizen to a cash transfer program of $45 per person per month.  This program implemented a form of a basic income, and this article details the economic impact of the reform on energy prices, inflation, and on poverty levels.  In total, the cash subsidies had a significant impact on poverty and inequality.

Djavad Salehi-Isfahani, “Iran’s Subsidy Reform: from Promise to Disappointment”, Economic Research Forum, Policy Perspective No. 13, June 2014.

About Josh Martin

Josh Martin has written 271 articles.

Josh Martin is a recent graduate of the London School of Economics and Political Science where he received an MSc in Social Policy and Planning and wrote his dissertation on the universal basic income as a possible solution to the problems facing Universal Credit in the UK. Prior to LSE, he attended St. Olaf College in Northfield, Minnesota, and is originally from Decorah, Iowa.