Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/306879 
Year of Publication: 
2021
Series/Report no.: 
CeMPA Working Paper Series No. CeMPA WP 3/21
Publisher: 
University of Essex, Centre for Microsimulation and Policy Analysis (CeMPA), 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: 
Income Dynamics
Public Policy
Welfare Benefits
Taxation
Microsimulation
Households
Document Type: 
Working Paper

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