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Alaska Permanent Fund Dividend

The Alaska Permanent Fund (APF) is a publicly managed investment portfolio funded via a 25% tax on oil revenues. Every Alaskan citizen is an equal shareholder in the returns, and since its inception in the early 1980's, every citizen has received an annual payment – a Permament Fund Dividend (PFD) – generally between $1,000 and $2,000.
APF dividends were found to increase income inequality. Alaska Permanent Fund dividends were found to increase income inequality. Higher-income people might invest more of a cash-transfer into higher yield assets than those with lower-incomes, exacerbating income inequality in the long-run. The Alaskan Permanent Fund Dividends appears to have boosted entrepreneurship, but the effects dissipate over time. Alaska's APF dividend was associated with a 17.7 gram increase in infant birth weight Alaska's APF dividend was associated with a 0.4% - 0.7% decrease in low birth weight.
Do cash transfer programmes yield better health in the first year of life? A systematic review linking low-income/middle-income and high-income contexts Does a Guaranteed Basic Income Encourage Entrepreneurship? Evidence from Alaska Can an Oil-Rich Economy Reduce its Income Inequality? Empirical Evidence from Alaska's Permanent Fund Dividend
Steven P. Miller Akshay Rajaram Arjumand Siddiqi Daniel Kuehn Robert Feinberg Jungho Baek Kate Kozminski
Basic Income Social Wealth Fund
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