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Micro‐investment perspective and the potential of the universal basic income
Author(s) -
Eskelinen Teppo,
Perkiö Johanna
Publication year - 2018
Publication title -
development policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.671
H-Index - 61
eISSN - 1467-7679
pISSN - 0950-6764
DOI - 10.1111/dpr.12304
Subject(s) - investment (military) , poverty , perspective (graphical) , cash transfers , cash , economics , public economics , basic income , transfer (computing) , business , macroeconomics , economic growth , political science , computer science , market economy , artificial intelligence , politics , law , parallel computing
The article evaluates prospects of the Basic Income ( BI ) as a development policy tool. While BI is a relatively new initiative within development policy, the article argues that it should be seen as a serious option in the future, given the changing geography of poverty and the findings from existing cash transfer schemes. The analysis is carried out as a synthesis of existing findings on BI pilot programmes, along with cash transfer instruments more generally. While not including new empirical data, the synthesis allows preliminary estimates on the likely impacts of abolishing conditioning and targeting in cash transfer schemes. Particular attention is paid to the notion of micro‐investment and the psychological conditions of micro‐investment.