Economic Impact of a Minimum Income Guarantee: Analysis of economic theory and policy evidence

The economic theory of a Minimum Income Guarantee

In this chapter, we provide an overview of existing literature on the expected economic impacts of a Minimum Income Guarantee. The literature review presents the expected impacts that are most likely to be seen from the implementation of a Minimum Income Guarantee. In this chapter, we present these impacts in a theoretical but accessible manner. However, this chapter does not make any assumptions about these impacts. Instead, we explore important assumptions that can be made in the following chapter when we consider the economic theory within the context of the Minimum Income Guarantee Expert Group’s current approach to a Minimum Income Guarantee.