Behavioral Economics and the Basic Income Guarantee : Basic Income Studies

www.degruyter.com uses cookies, tags, and tracking settings to store information that help give you the very best browsing experience.
To understand more about cookies, tags, and tracking, see our Privacy Statement
I accept all cookies for the De Gruyter Online site

Jump to ContentJump to Main Navigation

Basic Income Studies

Ed. by Haagh, Anne-Louise / Howard, Michael


SCImago Journal Rank (SJR) 2014: 0.103
Source Normalized Impact per Paper (SNIP) 2014: 0.269
Impact per Publication (IPP) 2014: 0.133

30,00 € / $42.00 / £23.00

Get Access to Full Text

Behavioral Economics and the Basic Income Guarantee

Wesley J Pech1

1Wofford College

Citation Information: Basic Income Studies. Volume 5, Issue 2, ISSN (Online) 1932-0183, DOI: 10.2202/1932-0183.1167, December 2010

Publication History

Published Online:
2010-12-28

This article provides a critical discussion of the potential contributions behavioral economics makes to the idea of a Basic Income Guarantee (BIG). Behavioral economics suggests that the consequences of a basic income may be significantly different from the ones predicted by the Standard Economic Model. Three topics from this literature are analyzed and linked to the BIG idea: Prospect Theory, Motivation Crowding Theory, and Conspicuous Consumption. The article argues that a basic income may be efficiency enhancing under some conditions, but at the same time incentives related to positional concerns may increase wasteful expenditure following its implementation.

Keywords: Keywords – basic income; behavioral economics; experimental economics; psychology

Comments (0)

Please log in or register to comment.