CEA dismisses idea of universal basic income
CEA further said this could create ground for perverse incentives and dissuade people from income generating opportunities.
CEA further said this could create ground for perverse incentives and dissuade people from income generating opportunities.
After Madhya Pradesh and Punjab, Tamil Nadu has become the latest state to implement the scheme to a targeted section of women.
Economists Abhijit Banerjee and Esther Duflo of MIT, and Harvard professor Michael Kremer, have jointly won the Nobel prize for Economics. Here’s an interview with Banerjee on UBI, from last year.
A UBI scheme for all, unless implemented entirely by states with high pre-existing social development performance levels, does not seem feasible for implementation at a national level.
With Budget 2018 just around the corner, it’s worth looking at whether the finance minister will make any move towards universal basic income in what is probably going to be a populist Budget.