Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/180628
Authors: 
FitzRoy, Felix
Jin, Jim
Year of Publication: 
2017
Series/Report no.: 
IZA Policy Paper 133
Abstract: 
Unconditional basic income, or a job guarantee by government as employer-of-last-resort, are usually discussed as alternative policies, though the first does not provide the benefits of an earned income and a good job to the growing numbers in precarious- or under-employment, while the second fails to assist those who would prefer to remain in self-employment or particular occupations if their incomes were higher, rather than to work under a JG. Furthermore a JG cannot support those who are unwilling to work. We argue here that the only cost-effective policy for comprehensive welfare is a combination of a modest basic income with job offer by local authorities below the minimum wage.
Subjects: 
basic income
job guarantee
poverty
unemployment
JEL: 
H53
Document Type: 
Working Paper
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