At this event, we will discuss the possible benefits but also the possible disadvantages of Universal Basic Income.
The idea of Universal Income has been around for years, proposed by many economists and sociologists around the world, but for a long time it was not tested at a large scale. However, some experiments are now taking place in Finland, the Netherlands, Italy, UK and Canada. A variety of Basic Income proposals are circulating today: its proponents claim that universal basic income (UBI) would provide benefits in terms inclusive growth and equality, but also in terms of efficiency of public policies given that UBI also could replace existing social policies. It could also provide some answer to the questions related to the future of employment (uberisation and robotisation of labour)
At this event, we will hold a discussion on what could be its main benefits but also what could be possible disadvantages that could arise from the implementation of UBI (for instance in terms of disincentive to work). We will also discuss how the Universal income might be implemented, examining particular proposals and experiments in more detail, such as the one taking place in Finland.
The programe of this event is still under construction. More information to follow.
This event will be livestreamed at this page at 13:00 CET. There is no need to register for the livestream.
Head of Research department, The Finnish Social Insurance Institution (Kela) and Professor, University of Helsinki
Political philosopher and Political Economist, Université catholique de Louvain
Chief Executive Officer, Institute of Labor Economics
What’s at stake: the concept of a Universal Basic Income (UBI), an unconditional transfer paid to each individual, was prominent earlier this year when Finland announced a pilot project. It’s now back in the discussion as the OECD published a report illustrating costs and distributional implications for selected countries. We review the most recent contributions on this topic.
The ‘poverty’ target set by the European Commission aims to lift “over 20 million people out of poverty” between 2008 and 2020 in the EU27. Progress to date against this target has been disappointing. Why is it so hard to reach the Europe 2020 ‘poverty’ target? What does the poverty indicator actually measure?
What’s at stake: According to some, 2016’s political turmoil shows that the so-called “losers” of globalisation are striking back. There is, however, little agreement on how government should respond to this challenge.
What’s at stake: historian James Truslow Adams, in his 1931 book The Epic of America, stated that the American dream is "that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement”. Few ideas have ever been as powerful as the “American Dream”, and many recent political events hinge on the fear that this “dream” may be dead. Meanwhile, researchers have been trying to measure the reality behind the dream.
Is technological progress behind growing income inequality? No, according to Zsolt Darvas, who argues that redistribution and the regulation of certain professions were more important factors.
In this Working Paper, Zsolt Darvas estimates the global and regional distribution of income and calculates statistics of global and regional income inequality.
This Blueprint offers an in-depth analysis of inequalities of income and wealth in the EU, as well as their causes and consequences. How evenly are the benefits of growth distributed in our economies, and what does this mean for fairness and social mobility? How could and should policymakers react?
The idea of codetermination, i.e. the cooperation between management and workers in decision-making, has grown in popularity lately. We review the characteristics of codetermination in Germany and ask whether it could be a role model for the UK and the US.
Discussions on inequality are gathering momentum in policy and academia. One indication of this trend is the frequency of the word “income inequality” occurring in Google’s corpus of books in English (British and American) in the 20th Century.
Why is inclusive growth important and how do the EU’s social problems differ from social problems in other parts of the world?
Jeroen Dijsselbloem, President f the Eurogroup, delivered the keynote speech at Bruegel's Annual Dinner 2016, held on 6 September 2016.
The creation of the single market generated winners and losers. Yet redistribution remains first and foremost a competence of national governments. It is thus fair to state that a failure in national, more than European, policies and welfare systems can be partly blamed for current discontent with the EU and the single market.