Income Floor Policy
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An Income Floor Policy is a social protection policy that is a poverty alleviation policy designed to establish minimum income guarantees through income floor mechanisms.
- AKA: Minimum Income Guarantee, Income Security Policy, Basic Income Floor, Social Income Floor.
- Context:
- It can typically establish Income Floor Levels through income floor threshold determination.
- It can typically provide Income Floor Protection through income floor support mechanisms.
- It can typically maintain Income Floor Adequacy through income floor sufficiency standards.
- It can typically ensure Income Floor Coverage through income floor eligibility rules.
- It can typically implement Income Floor Financing through income floor revenue sources.
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- It can often support Income Floor Poverty Reduction through income floor safety nets.
- It can often promote Income Floor Economic Security through income floor stability provision.
- It can often enable Income Floor Social Inclusion through income floor participation support.
- It can often facilitate Income Floor Human Development through income floor capability enhancement.
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- It can range from being a Minimal Income Floor Policy to being a Generous Income Floor Policy, depending on its income floor benefit level.
- It can range from being a Targeted Income Floor Policy to being a Universal Income Floor Policy, depending on its income floor coverage scope.
- It can range from being a Conditional Income Floor Policy to being an Unconditional Income Floor Policy, depending on its income floor requirement stringency.
- It can range from being a Temporary Income Floor Policy to being a Permanent Income Floor Policy, depending on its income floor duration limit.
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- It can integrate with Income Floor Tax Systems for income floor progressive financing.
- It can connect to Income Floor Labor Markets for income floor work incentive.
- It can interface with Income Floor Social Services for income floor comprehensive support.
- It can communicate with Income Floor Benefit Programs for income floor coordination purpose.
- It can synchronize with Income Floor Economic Policys for income floor macroeconomic alignment.
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- Examples:
- National Income Floor Policys, such as:
- Alaska Permanent Fund Dividend (1982-present), providing income floor oil revenue distribution.
- Iran Cash Subsidy Program (2010-present), implementing income floor subsidy reform compensation.
- Mongolia Child Money Program (2005-present), establishing income floor child benefit.
- Namibia Basic Income Grant Pilot (2008-2009), testing income floor village payment.
- Regional Income Floor Initiatives, such as:
- Proposed Income Floor Policys, such as:
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- National Income Floor Policys, such as:
- Counter-Examples:
- Minimum Wage Policy, which requires employment relationship.
- Contributory Pension System, which requires contribution history.
- Means-Tested Welfare, which creates benefit cliffs rather than income floor.
- In-Kind Transfer Program, which provides goods rather than income support.
- Work Guarantee Program, which provides jobs rather than income floor.
- See: Social Protection System, Poverty Alleviation Strategy, Income Distribution Policy, Social Insurance Program, Welfare State Model, Economic Security Framework, Human Rights Approach.