Realization of the UBI Principles As An Answer to the COVID–19 Challenges
Research Article
Acknowledgments
This work was financially supported by the Russian Foundation for Basic Research (project No. 20-010-00271) «Unconditional basic income as a regulator of improving the level and quality of life: theoretical and methodological substantiation, transitional forms and testing tools in Russia»
How to Cite
Zolotov A.V., Zolotov S.A. Realization of the UBI Principles As An Answer to the COVID–19 Challenges. Living Standards of the Population in the Regions of Russia. 2020. Vol. 16. No. 4. P. 96-104. DOI: https://doi.org/10.19181/lsprr.2020.16.4.8 (in Russ.).
Abstract
The article identifies the need to take measures to maintain stability on the labor market and develop social assistance to the population in the context of the coronavirus pandemic. It has been established, that under these conditions, a more consistent implementation of the principles of universality and unconditional provision of social transfers is required in accordance with the concept of unconditional basic income (UBI). It is revealed that these principles are most consistently implemented in Spain, where unconditional basic income has been introduced. A practice close to the use of UBI is typical for the United States and Singapore. In the number of European countries, transfers are used to employees of enterprises in crisis situations, which means the circle recipients of social assistance increase. An increase in the scale of social assistance in China with the use of vouchers for the purchase of goods was recorded, which contradicts the principles of the UBI. Progress was noted in the application of the principles of universality and unconditional social support in modern Russia. Taking into consideration, new experience, the controversial issues of unconditional basic income concept are analyzed: its potential efficiency, dependence on the level of taxes, the impact on inflation, the need for empirical verification of UBI principles. To sum ap, the progress in the implementation of these principles inherent in the UBI in modern conditions brings the prospect of its implementation closer
Keywords:
Unconditional Basic Income, UBI categories, the most vulnerable groups of population, COVID-19
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Bobkov V.N., Dolgushkin N.K., Odintsova E.V. Universal basic income: thinking about possible influence on the development of level and quality of life and the sustainability of the society. Living Standards and Quality of Life. 2019. Vol.15 No. 3(213). P. 8-26. DOI: 10.24411/1999-9836-2019-10069/ (In Russ.).
Zolotov S.A. Potential influence of unconditional basic income on labor input in Russian economy. Scientific notes of the crimean engineering and pedagogical university. 2018. No.2 (60). P. 107-112. (In Russ.).
Zolotov S.A., Shilov M.L. Basic income: nature and problems of realization. Bulletin NGIEI. 2016. No.9(64). P. 7-15. (In Russ.).
Lisova E.V. Impact of covid-19 on socio-economic activity of regions. Entrepreneur’s Guide. Vol. 13. No. 2. 2020. P.119-125.DOI: 10.24182/2073-9885-2020-13-2-119-125 (In Russ.).
Drozd L.A., Tavares M.M. Responding to COVID-19: A Note. Federal reserve bank of Philadelphia. Working papers research department, April 2020. Accessed 01.05.2020. URL: https://philadelphiafed.org/-/media/research-and-data/publications/working-papers/2020/wp20-14.pdf
Ford M. (2016) The Rise of the Robots. Technology and the Threat of Mass Unemployment. A Oneworld Book. 334 p.
Gali J. The Effects of a Money-Financed Fiscal Stimulus. Journal of Monetary Economics, Working Paper 26249. 2020. Accessed 01.06.2020. URL: https://www.nber.org/papers/w26249.pdf
Gourinchas P-O. Flattening the pandemic and recession curves. Bercley. Accessed 10.06.2020. URL: https://clausen.berkeley.edu/wp-content/uploads/2020/03/COVID_2b.pdf
Luttmer E. Slow Convergence in Economies with Organization Capital. Staff Report 585. Federal Reserve Bank of Minneapolis, June 2019. Accessed 20.06.2020. URL: file:///C:/Users/user/Downloads/sr585.pdf
Parijs P. van, Vanderborght Y. (2017) Basic Income. A Radical Proposal for a free Society and a Sane Economy. Harvard University Press. 384 p.
Rosseau H-P. COVID-19 – Economic Policy Options for Managing and Recovering from the Crisis in Quebec and Canada. RAPPORT BOURGOGNE 2222020RB҃02 R. Accessed: 10.05.2020. URL: https://cirano.qc.ca/files/publications/2020RB-02.pdf
Skidelsky R., Skidelsky E. (2012) How much is enough? Money and the Good Life. Penguin Books. 243 p.
Standing G. (2017) Basic Income: And How We Can Make It Happen. Pelican Books. 374 p.
Ugo G., Margaret Grosh M., Rigolini J., Yemtsov R. eds. (2020) Exploring Universal Basic Income: A Guide to Navigating Concepts, Evidence, and Practices.Washington, DC: World Bank. DOI: 10.1596/978-1-4648-1458-7/
Widerquist K.A. (2018) Critical Analysis of Basic Income Experiments for Researchers, Policymakers, and Citizens. Palgrave. Macmillan. 167 p. DOI: 10.1007/978-3-030-03849-6
Xie Z. Changes in State Unemployment Insurance Rules during the COVID-19 Outbreak in the U.S. // Munich Personal RePEc Archive, April 2020. Accessed 19.04.2020. URL: http://www.mpra.ub.uni-muenchen.de/99915/8/MPRA_paper_99915.pdf
Article
Received: 18.08.2020
Accepted: 10.11.2020
Citation Formats
Other cite formats:
APA
Zolotov, A. V., & Zolotov, S. A. (2020). Realization of the UBI Principles As An Answer to the COVID–19 Challenges. Living Standards of the Population in the Regions of Russia, 16(4), 96-104. https://doi.org/10.19181/lsprr.2020.16.4.8
Section
ECONOMIC RESEARCH
