Seeking input on Framework for Unconditional UBI Cost-Effectiveness Analysis

This framework outlines a potential approach to building a cost-effectiveness analysis for UBI, considering direct and indirect impacts. Before attempting to rigorously build a cost-effectiveness analysis for efforts to accelerate the implementation of unconditional UBI, I thought it would be wise to ask the community for considerations I may have overlooked.

Many of these considerations were sourced from Scott Santens, who has been collecting research on UBI for many years. Others were collected from a large repository of most cash transfer research.

Core Principles:

Areas of Analysis:

1. Positive Expected Impacts of UBI Programs:

  • Health: Physical and mental health improvements, measurable by QALYs and DALYs.

  • Mental Health: Improved mental well-being, less stress, more hope, less domestic violence. Victims of abuse gain more power to escape from abusers. Victims of exploitative employers gain the power to quit.

  • Nutrition: Increased consumption of fresh fruits and vegetables, measured improved health outcomes. Healthier babies translate into large future impacts.

  • Crime reduction: Impact on crime rates, incarceration rates, and recidivism. Economic ramifications of reduced prison populations.

  • Education: Improved educational outcomes including graduation rates and college attendance.

  • Economic: Increased economic activity from spending multiplier effects.

  • Entrepreneurship: Significantly increased entrepreneurial activity and associated economic benefits.

  • Disaster relief: More efficient and effective disaster response due to increased population resilience.

  • Resource allocation: Savings from reduced reliance on legacy poverty service providers.

2. Wildcards for Impact Evaluation:

  • Domino effect: Acceleration of UBI adoption in other countries, potentially accelerating global poverty eradication.

  • Existential risks: Increased civilizational resilience through a financially secure population.

  • EA Ripple Effects: Potential for increased participation in EA work. Will approximate the impact of providing all people working on EA projects with money for their basic needs.

3. Strategy Analysis:

  • The Logical foundation: Evaluating the theoretical basis of the chosen strategy to accelerate the uncorrupted introduction of unconditional UBI.

  • Impact maximization: Assessing the strategy’s ability to maximize impact through a basic income platform in developed countries.

  • Policy passage likelihood: Analyzing the strategy’s likelihood of success in securing unconditional UBI policy passage.

4. Known or Possible Negative Impacts:

  • Industry disruption: Potential negative impact on the payday loan, short-term credit, and some nonprofit sectors.

  • Taxation: Marginal tax increases for the wealthy may cause potential decreases in charitable giving among other downsides.

  • Inflation: Unlikely due to increased supply and pilot program evidence.

  • Labor costs: Potential inflation of labor costs in undesirable industries, potentially offset by automation.

  • Negative social behaviors: Unsupported by existing evidence.

Additional Considerations:

  • Rigorously documented ripple effects: Account for the numerous indirect impacts of UBI.

  • Cost-effectiveness metrics: Define and measure relevant metrics for assessing progress towards implementing UBI.

  • Sensitivity analysis: Analyze the impact of different assumptions and uncertainties on the results.

  • Transparency and stakeholder engagement: Ensure transparency in methodology and data, and engage with stakeholders throughout the analysis process.

This framework provides a starting point for a comprehensive cost-effectiveness analysis of differing efforts to accelerate UBI.

By considering both direct and indirect impacts, employing rigorous methodology, and engaging stakeholders, such an analysis could provide a strong basis of knowledge about the importance, tractability, and neglectedness of working toward UBI.

I wanted to post this to the forum to get some suggestions from the community. Have I missed any important potential ripple effects (positive or negative)?