This paper offers a new way of assessing government cash transfers using a social welfare function framework. It demonstrates how one can use social welfare functions to measure the efficiency of such program s without requir ing the specif ication of a poverty line or particular poverty...

The main problem of this article is the basic income guarantee in the perspective of institutional economics. The author evaluates theoretical literature considering the topic and discusses past empirical research. The predicted and the actual outcomes of the programme are compared and...