Supplemental Notes
Note on evaluation
A guaranteed basic income project for Prince Edward Island (GBI-PEI) would considerably reduce poverty in the province. Just as importantly, however, it would offer a unique opportunity to study the management and impact of a GBI at the level of an administrative authority responsible for taxation and welfare programming. It is crucially important that these management lessons and impacts be monitored and assessed in a fashion that is intellectually rigorous to provide an authoritative record of procedural successes and failures and the magnitude of economic and social benefits and costs. This evaluation note is intended to serve as a supplement to the evaluation section of the Final Report, and a starting point for the GBI-PEI evaluation advisory team to be formed as part of the design and administration framework for the project.
Note on net cost
The report entitled “A Proposal for a Guaranteed Basic Income Benefit in Prince Edward Island” outlines a framework for a guaranteed basic income (GBI) benefit for PEI residents aged 18 to 64. The report estimates the gross cost of such a benefit at $188.6 million. This note explores what would be the net cost in early years of implementation of this new program.
Note on youth
Youth living with their parents could face significant financial incentives to leave the parental nest, and that the financial gain would be large. But these financial incentives are gross incentives as they do not account for higher expenditures youth would have to pay—the costs of living alone or of forming another household. This note is a supplement to the section 9.2 on youth and students of the report.