Universal Basic Income in the Developing World

Posted: 4 Sep 2019

See all articles by Abhijit V. Banerjee

Abhijit V. Banerjee

Massachusetts Institute of Technology (MIT) - Department of Economics

Paul Niehaus

University of California, San Diego (UCSD)

Tavneet Suri

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Multiple version iconThere are 2 versions of this paper

Date Written: August 2019

Abstract

Should developing countries give all of their citizens enough money to live on? Interest in this idea has grown enormously in recent years, reflecting both positive results from a number of existing cash transfer programs and dissatisfaction with the perceived limitations of piecemeal, targeted approaches to reducing extreme poverty. We discuss what we know (and what we do not) about three questions: what recipients would likely do with the incremental income, whether this would unlock further economic growth, and whether giving the money to everyone (as opposed to targeting it) would be wise.

Suggested Citation

Banerjee, Abhijit V. and Niehaus, Paul and Suri, Tavneet, Universal Basic Income in the Developing World (August 2019). Annual Review of Economics, Vol. 11, pp. 959-983, 2019. Available at SSRN: https://ssrn.com/abstract=3445898 or http://dx.doi.org/10.1146/annurev-economics-080218-030229

Abhijit V. Banerjee

Massachusetts Institute of Technology (MIT) - Department of Economics ( email )

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Paul Niehaus

University of California, San Diego (UCSD) ( email )

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La Jolla, CA 92093-0112
United States

Tavneet Suri (Contact Author)

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

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E62-416
Cambridge, MA 02142
United States

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