The Saturday Essay. A Guaranteed Income for Every American
by: Charles Murray
Jun 04, 2016
Click here to view the full article on WSJ.com
by: Charles Murray
Jun 04, 2016
Click here to view the full article on WSJ.com
TOPICS: Public Economics
SUMMARY: Replacing the welfare state with an annual grant is the best way to cope with a radically changing U.S. jobs market-and to revitalize America's civic culture.
CLASSROOM APPLICATION: Students can discuss whether a universal basic income should replace existing welfare programs. They could do so in the context of the wellbeing of households and economic incentives to work.
QUESTIONS:
1. (Advanced) Is a household made better off by receiving the cash equivalent of the transfer payments it receives through welfare programs? Advanced students can analyze the question using the consumer choice model : budget constraints and an indifference map with two good, food and all other things. The welfare program would be food stamps.
2. (Advanced) Is a household made better off by receiving the cash equivalent of the transfer payments it receives through welfare programs? Advanced students can analyze the question using the consumer choice model : budget constraints and an indifference map with two good, food and all other things. The welfare program would be food stamps.
3. (Introductory) According to an anecdote in the Saturday Essay, what would be the effect of replacing existing transfer payments with a universal basic income on the rate of teen pregnancies?
1. (Advanced) Is a household made better off by receiving the cash equivalent of the transfer payments it receives through welfare programs? Advanced students can analyze the question using the consumer choice model : budget constraints and an indifference map with two good, food and all other things. The welfare program would be food stamps.
2. (Advanced) Is a household made better off by receiving the cash equivalent of the transfer payments it receives through welfare programs? Advanced students can analyze the question using the consumer choice model : budget constraints and an indifference map with two good, food and all other things. The welfare program would be food stamps.
3. (Introductory) According to an anecdote in the Saturday Essay, what would be the effect of replacing existing transfer payments with a universal basic income on the rate of teen pregnancies?
Reviewed By: James Dearden, Lehigh University
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