This discussion paper addresses mainstream versions of Universal Basic Income and presents the original policy alternative idea named Age-Indexed Basic Income. In mainstream forms of Universal Basic Income, the sum people get monthly should be the same, without any requirement. Universal Basic Income could simplify bureaucracy related to social benefits in countries that implement it; nonetheless, it is a too costly policy alternative. This cost issue can be exceptionally ticklish today, with most European governments having recently increased public debt levels due to the covid19 crisis. Many European countries already had high levels of public debt before this crisis…

Joni Askola

Finnish PhD student. Interested in welfare state reforms and national security questions. https://www.researchgate.net/profile/Joni_Askola

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