Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259515 
Year of Publication: 
2021
Series/Report no.: 
EUROMOD Working Paper No. EM 05/21
Publisher: 
University of Essex, Institute for Social and Economic Research (ISER), Colchester
Abstract: 
This paper focuses on the possibilities and functionalities offered by the tax-benefit microsimulation model for the UK - UKMOD to simulate and analyse the distributional impact of three examples of Basic Income schemes. We show how to build in functionalities to ensure fiscal neutrality and we aim to highlight some of the trade-offs that implementing a Basic Income scheme brings. This paper doesn't intend to engage with arguments around the desirability of introducing Basic Income but rather focuses on the options that UKMOD offers, giving a couple of examples of schemes based on a set of criteria described below.
Subjects: 
UKMOD
Basic Income
tax-benefit system
microsimulation
JEL: 
H53
H55
I38
R28
Document Type: 
Working Paper

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