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Basic Income and Unequal Longevity

Author

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  • Sá Valente Manuel

    (Hoover Chair of Economic and Social Ethics, Université catholique de Louvain, Place Montesquieu 3, L2.06.01, Office: D-310, 1348, Louvain-la-Neuve, Belgium)

Abstract

Universal basic income proposes providing instalments of constant magnitude to all. One problem with a stable basic income across life is that it seems unfair to shorter-lived persons, who are worst-off due to premature death and receive less over their whole lives. Basic capital solves this problem by providing a one-off grant to the young, but I argue that it mistreats long-lived persons, as it does not guarantee their real freedom across life. There is a dilemma between these proposals regarding their respective unfairness to the short- and long-lived. The solution I propose is a net basic income of decreasing magnitude until a specific age, after which the income is constant. This solution is compatible with constant income benefits across life, and it offers a fair answer to the problem of unequal longevity, a widely neglected but essential challenge in debates about basic income.

Suggested Citation

  • Sá Valente Manuel, 2022. "Basic Income and Unequal Longevity," Basic Income Studies, De Gruyter, vol. 17(1), pages 1-14, June.
    • Handle: RePEc:bpj:bistud:v:17:y:2022:i:1:p:1-14:n:7
    DOI: 10.1515/bis-2021-0007
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