Basic income (BI) level for selected European countries – Slovenian formula
A common formula for ‘partial’ Basic Income (BI) level could serve BI discourse as a minimal standard, and more importantly, as a benchmark for international comparison.
I propose use of a Slovenian formula which combines different factors including the poverty threshold, the average wage level and the current level of social protection.
Slovenian Basic Income Proposal (2010) was build upon this formula. Microsimulation of this proposal proved to be i) budget neutral, ii) better for majority, iii) the same or better for the most vulnerable and iv) better for the lowest deciles.
Those levels do not represent the ‘ideal’ amount of basic income. It is meant to serve BI discourse as a starting point of implementation debate: how much would be affordable, politically and socially acceptable , at least when implementing basic income for the first time. It could serve as a minimal standard, and more importantly, as a benchmark for international comparison.
Note: Calculations do not include children, handicapped and retired people. Part of Calculation for OECD&EMU countries, 2013. Data source: OECD statistics 2013. Eurostat. Own calculations: Korošec Valerija 27.1.2016. @valerijaSlo