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Universal basic income: An ambition to be financed
[« RUE » : une ambition à financer]

Author

Listed:
  • Pierre Madec

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Xavier Timbeau

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

This evaluation of Universal Basic Income (UBI), the flagship proposal of French presidential candidate Benoît Hamon, highlights a potentially important impact of the measure on the living standards of the least well-off households and on inequalities in living standards. If implemented, a universal basic income would have the effect of making France one of the most egalitarian countries in the European Union. In return, the "net" cost of the programme could be high, around 45 to 50 billion euros. Given the measure's cost, financing it through an income tax reform could make the French socio-fiscal system even more redistributive, but would lead to a considerable increase in the marginal tax rates borne by the wealthiest households.

Suggested Citation

  • Pierre Madec & Xavier Timbeau, 2017. "Universal basic income: An ambition to be financed [« RUE » : une ambition à financer]," SciencePo Working papers Main hal-03392510, HAL.
    • Handle: RePEc:hal:spmain:hal-03392510
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03392510
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    Cited by:

    1. Richiardi, Matteo, 2022. "A basic income for France: Ideas for a debate," FRIBIS Discussion Paper Series 02-2022, University of Freiburg, Freiburg Institute for Basic Income Studies (FRIBIS).

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