May 2017 - OECD.org

May 2017 BASIC INCOME AS A POLICY OPTION: ILLUSTRATING COSTS AND distributional IMPLICATIONS FOR SELECTED COUNTRIES OECD 2017 3 Basic income as a policy option: Technical Background Note Illustrating costs and distributional implications for selected countries May 2017 The concept of a Basic Income (BI), an unconditional transfer paid to each individual is not new. However, although many OECD countries have non-contributory, non-means tested benefits for certain groups (most commonly children or pensioners) no country has made a BI the central pillar of its social security system. The recent upsurge in attention to BI proposals in OECD countries, including in those with long-standing traditions of providing comprehensive social protection, is therefore remarkable. Ongoing debates on the subject of a Basic Income in different OECD countries and the potential advantages and disadvantages of replacing existing social protection systems for working-age households with a Basic Income are summarised in an OECD policy brief entitled Basic Income as a policy option: Can it add up?

basic income as a policy option: illustrating costs and distributional implications for selected countries © oecd 2017 3 basic income as a policy option:

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