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Designing a basic income system with a social welfare function
Aboudi,Ronny1; Thon,Dominique2; Zheng,Mingli3
Source PublicationJournal of Public Economic Theory
ISSN14679779 10973923

There is an irreducible conflict between, on the one hand, the desire to allocate income in society in an equitable way and, on the other, the desire to alleviate poverty. The conflict materializes itself in the problem of designing a basic income (or negative income tax) system which requires formulating a workable compromise. This paper approaches the problem through solving a mathematical program whose utility-based objective function explicitly embodies both considerations. The solution describes a simple basic income system and its comparative statics indicate how the specification of the objective function leads to a more, or less, pro-poor solution. © 2013 Wiley Periodicals, Inc.

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Indexed BySCI
WOS Research AreaBusiness & Economics
WOS SubjectEconomics
WOS IDWOS:000339547000002
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Cited Times [WOS]:1   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
Affiliation1.Department of Management Science, University of Miami,United States
2.Department of Management Science, University of Miami,United States
3.Department of Economics, University of Macau,China
Recommended Citation
GB/T 7714
Aboudi,Ronny,Thon,Dominique,Zheng,Mingli. Designing a basic income system with a social welfare function[J]. Journal of Public Economic Theory,2014,16(4):546-568.
APA Aboudi,Ronny,Thon,Dominique,&Zheng,Mingli.(2014).Designing a basic income system with a social welfare function.Journal of Public Economic Theory,16(4),546-568.
MLA Aboudi,Ronny,et al."Designing a basic income system with a social welfare function".Journal of Public Economic Theory 16.4(2014):546-568.
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