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dc.contributor.authorWigley, S.en_US
dc.date.accessioned2019-01-28T08:13:15Z
dc.date.available2019-01-28T08:13:15Z
dc.date.issued2006en_US
dc.identifier.issn1932-0183
dc.identifier.urihttp://hdl.handle.net/11693/48407
dc.description.abstractThis paper defends a regularly paid basic income as being better equipped to tackle unfair inequalities of outcome. It is argued that the timing of "option-luck" failures – in particular, whether they occur early in a lifetime of calculated gambles, and whether they are clustered together – may lead to a form of "brute bad luck," referred to as "cumulative misfortune." A basic income that is paid on a regular basis provides a way to prevent the emergence of cumulative misfortune, because the basic income at least partially replenishes the individual's ability to take the next calculated gamble. The upshot of this is a nonpaternalistic justification for an unconditional basic income that is paid regularly and is nonmortgageable. This has an important bearing on the debate between those who advocate a one-off endowment at the start of adult life and those who advocate a basic income paid regularly throughout one's life. The paper contends that a regular basic income represents a superior social policy because it prevents the emergence of cumulative misfortune, rather than belatedly attempting to compensate for its effects during our senior years.en_US
dc.language.isoEnglishen_US
dc.source.titleBasic Income Studiesen_US
dc.relation.isversionofhttp://doi.org/10.2202/1932-0183.1039en_US
dc.subjectBasic endowmenten_US
dc.subjectBrute lucken_US
dc.subjectCumulative misfortuneen_US
dc.subjectOption lucken_US
dc.subjectPaternalismen_US
dc.subjectRegular basic incomeen_US
dc.titleBasic income and the problem of cumulative misfortuneen_US
dc.typeArticleen_US
dc.departmentDepartment of Philosophyen_US
dc.citation.spage1en_US
dc.citation.epage17en_US
dc.citation.volumeNumber1en_US
dc.citation.issueNumber2en_US
dc.identifier.doi10.2202/1932-0183.1039en_US
dc.publisherWalter de Gruyter GmbHen_US


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