March 19, 2018

Would Universal Basic Income Work?

Concern about slow wage growth and rising inequality has revived interest in a potentially dramatic solution – universal basic income.

Members of the Council of the District of Columbia requested their Office of the Budget Director examine ways DC could ensure that residents receive an adequate income. The office used the REMI model in preparing an analysis of the economic costs and benefits of a minimum income or universal basic income.

You can read the full study by clicking here.

The reported, titled “Economic and Policy Impact Statement: Approaches and Strategies for Providing a Minimum Income in the District of Columbia”, was produced by the researchers, Susanna Groves and John MacNeil with Anne Phelps and Joseph Wolfe.