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Comparative institutional analysis of poverty-alleviation systems: Does basic income improve social welfare?

Kurita, Kenichi (2021): Comparative institutional analysis of poverty-alleviation systems: Does basic income improve social welfare?

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Abstract

This paper conducts a comparative institutional analysis of welfare benefits programs and basic income under the balanced budget condition. The result shows that when basic income is low, it yields higher social welfare than welfare benefits. Also, the total labor supply under the basic income system is larger than that under welfare benefits programs when the welfare benefits level is lower than the critical level.

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