@techreport{52f0d56bfe9248388f08fcf1061e5cba,
title = "A basic income can raise employment and welfare for a majority",
abstract = "With growing interest in a universal basic income (BI), we provide new results for a majority to benefit from replacing (some) unemployment benefits with BI. Given any income distribution and an extensive margin, such a replacement always benefits those remaining unemployed, raises utilitarian welfare, and benefits a poor - or even a working - majority. Similar results follow with involuntary unemployment, and joint distributions of wages and costs of work. Moreover, using quasi-linear utility with intensive margins, marginal introduction of BI can still benefit a large proportion of the poor whose productivities are below the average, without raising unemployment.",
keywords = "Basic income, Unemployment benefits, Wefare",
author = "FitzRoy, {Felix R} and Jin, {Jim Yongtao}",
year = "2015",
month = jun,
language = "English",
series = "School of Economics & Finance Discussion Paper",
publisher = "University of St Andrews",
number = "1508",
pages = "1--29",
type = "WorkingPaper",
institution = "University of St Andrews",
}