{"author":{"id":"100746838","location":"","name":"Maximilian Kasy","seoDescription":"","slug":"maximilian-kasy"},"authorSources":[{"id":"100746839","lede":"A comparison of wage-subsidies (like the Earned Income Tax Credit) with unconditional cash transfers (like UBI). The author, after considering economic, moral, and political dimensions, concludes that unconditional cash transfers \"would give more to those who need it, would promote liberty, and would be politically viable and stable.\"","link":"https://www.filesforprogress.org/pdfs/UBI_EITC_Kasy_DFP_Working_Paper.pdf","slug":"why-a-ubi-is-better-than-subsidies-of-low-wage-work","kind":"Academic Paper","title":"Why a UBI Is Better Than Subsidies of Low-Wage Work","year":"2018-01-01","researchers":[{"id":"100746838","location":"","name":"Maximilian Kasy","seoDescription":"","slug":"maximilian-kasy"}]}],"sourceIds":["100746839"],"authorSourcesInsights":[{"id":"100746849","lede":"Economic arguments include work incentives and wage depression. Moral arguments include creating a realistic 'exit option' for recipients, allowing them to leave undesirable arrangements without fear of material destitution. Political arguments include the idea that universal programs tend to be more popular and sustainable than targeted transfers.","slug":"a-ubi-is-preferable-to-subsidies-of-low-wage-work-on-economic-moral-and-political","title":"A UBI is preferable to subsidies of low-wage work on economic, moral, and political grounds.","showTitleAsQuote":null,"epistemicStatus":"theoretical","reports":[{"id":"19519421","title":"Basic Income","slug":"basic-income"}],"tags":[{"slug":"welfare","name":"Welfare","id":"23933425","lede":"

Welfare refers to government-sponsored assistance programs intended to ensure that all members of society can meet their basic needs. Examples include social insurance, Medicaid, and disability insurance.

\n\n

The vast majority of welfare spending goes to those who cannot actively participate in the labor market, including children, the elderly, and the disabled.

\n","ledeExcerpt":"Welfare refers to government-sponsored assistance programs intended to ensure that all members of society can meet their basic needs. Examples include social insurance, Medicaid, and disability insurance.\n\nThe vast majority of welfare spending goes to those who cannot actively participate in the labor market, including children, the elderly, and the disabled.","featured":true},{"slug":"stability","name":"Stability","id":"23916385","lede":"

We define stability as the resiliency, robustness, and constancy of our nested social, financial, and environmental systems. Stability is the degree to which our systems can withstand stress and maintain their functionality over time.

\n\n

Why do we need stability? All else equal, a stable society is preferable to an unstable society. Stability - the product of the harmonious interaction between parts, or interwoven systems - protects against uncertainty and decay. For example, a healthy body regulates its blood glucose levels to provide cells with their required energy. Too much glucose makes cells sticky, with a paralyzing effect. Too little glucose starves them. What's important is the constancy of glucose regulation within functional limits, and the resiliency to maintain this regulation amidst adversity.

\n\n

Instability occurs when systems transgress functional limits, causing the breakdown of other systems and suffering for those who depend on them. When interlocking systems remain stable, they provide a fertile foundation for positive expectations that fuel investments in progress and broad cooperation throughout society.

\n","ledeExcerpt":"We define stability as the resiliency, robustness, and constancy of our nested social, financial, and environmental systems. Stability is the degree to which our systems can withstand stress and maintain their functionality over time. \n\nWhy do we need stability? All else equal, a stable society is preferable to an unstable society. Stability - the product of the harmonious interaction between parts, or interwoven systems - protects against uncertainty and decay. For example, a healthy body regulates its blood glucose levels to provide cells with their required energy. Too much glucose makes cells sticky, with a paralyzing effect. Too little glucose starves them. What's important is the constancy of glucose regulation within functional limits, and the resiliency to maintain this regulation amidst adversity.\n\nInstability occurs when systems transgress functional limits, causing the breakdown of other systems and suffering for those who depend on them. When interlocking systems remain stable, they provide a fertile foundation for positive expectations that fuel investments in progress and broad cooperation throughout society.","featured":true}],"sources":[{"id":"100746839","lede":"A comparison of wage-subsidies (like the Earned Income Tax Credit) with unconditional cash transfers (like UBI). The author, after considering economic, moral, and political dimensions, concludes that unconditional cash transfers \"would give more to those who need it, would promote liberty, and would be politically viable and stable.\"","link":"https://www.filesforprogress.org/pdfs/UBI_EITC_Kasy_DFP_Working_Paper.pdf","slug":"why-a-ubi-is-better-than-subsidies-of-low-wage-work","kind":"Academic Paper","title":"Why a UBI Is Better Than Subsidies of Low-Wage Work","year":"2018-01-01","researchers":[{"id":"100746838","location":"","name":"Maximilian Kasy","seoDescription":"","slug":"maximilian-kasy"}]}]}]}