{"insight":{"id":"99763865","lede":"The two main sources of gains are improvements to children's health & longevity ($650 billion), and increased future earnings of recipients' children ($80 billion).","slug":"a-child-allowance-that-costs-usd100-billion-per-year-could-generate-up-to-usd865","title":"A child allowance that costs $100 billion per year could generate up to $865 billion per year in monetary and non-monetary benefits","showTitleAsQuote":null,"epistemicStatus":"empirical","reports":[{"id":"19519421","title":"Basic Income","slug":"basic-income"}],"tags":[{"slug":"growth","name":"Growth","id":"23932836","lede":"

We define growth as the expansion of wealth in society; growth is about generating a "a bigger pie".

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Amidst debates over the merits of continued growth, we begin with the idea that all else equal, a society with growth, with more wealth, is preferable to one with less. Without growth, society becomes a zero-sum distributional game: anyone's gain is another's loss. Growth (all else equal) enables shared prosperity.

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But there is broad agreement that current measures of growth, such as GDP, are inadequate to the task of providing a suitable proxy to guide further growth. Whether devising improved measures that account for missing elements such as sustainability, equity, leisure time, or digital value, or constructing altogether new proxies (OECD's Better Life Index, for example), the conversation about how best to measure, and thus drive, equitable, regenerative, socially desirable growth is a rich field of debate.

\n","ledeExcerpt":"We define growth as the expansion of wealth in society; growth is about generating a \"a bigger pie\".\n\nAmidst debates over the merits of continued growth, we begin with the idea that *all else equal*, a society with growth, with more wealth, is preferable to one with less. Without growth, society becomes a zero-sum distributional game: anyone's gain is another's loss. Growth (all else equal) enables shared prosperity.\n\nBut there is broad agreement that current measures of growth, such as GDP, are inadequate to the task of providing a suitable proxy to guide further growth. Whether devising revised measures, such as Tyler Cowen's notion of wealth plus\" (GDP, plus measures of leisure time, household production, and environmental considerations), or constructing altogether new proxies (OECD's 'Better Life Index), the conversation about how best to measure, and thus drive, equitable, regenerative, socially desirable growth is a rich field of debate.","featured":true},{"slug":"multipliers","name":"Multipliers","id":"99763864","lede":"

Fiscal multipliers measure the effect of government spending on economic activity. In particular, a multiplier is the ratio of the change in economic output to the change in government revenue/spending.

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The 'multiplier effect' refers to instances where the ratio is greater than one. This implies that a dollar of government spending leads to more than a dollar's worth of increase in output, creating a positive cycle of increasing economic activity.

\n","ledeExcerpt":"Fiscal multipliers measure the effect of government spending on economic activity. In particular, a multiplier is the ratio of the change in economic output to the change in government revenue/spending.\n\nThe 'multiplier effect' refers to instances where the ratio is greater than one. This implies that a dollar of government spending leads to more than a dollar's worth of increase in output, creating a positive cycle of increasing economic activity.","featured":null}],"sources":[{"id":"99763863","lede":"Summarizing research from the Center on Poverty and Social Policy at Columbia University, David Koggan delves into the headline finding: that the benefits created by a child allowance could be worth eight times the annual program cost.","link":"https://www.niskanencenter.org/a-child-allowance-could-be-worth-eight-times-the-costs/","slug":"a-child-allowance-could-be-worth-eight-times-the-cost","kind":"Report","title":"A Child Allowance Could be Worth Eight Times the Cost","year":"2021-01-01","researchers":[{"id":"99763862","location":"","name":"David Koggan","seoDescription":"","slug":"david-koggan"}]}]}}